Associates for Community Developme… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1979

Legal Domicile

Principal Officer

Montie Hicks

Phone

3042648048

Tax Period

2019-01-01 to 2019-12-31

Associates for Community Development Inc, founded in 1979, is a micro nonprofit that reported $44K in total revenue in fiscal year 2019. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $138K exceeded revenue, resulting in a 213% operating deficit.

Mission

Provides supporting services to the elderly

Program Service Accomplishments

Program 1

Expenses: $108,446 Revenue: $3

Managing Kings Daughters Housing, Inc.'s apartment complex and providing food services to residents of the facility. Associates' terminated operations in 2019 because its mission of serving the...

Managing Kings Daughters Housing, Inc.'s apartment complex and providing food services to residents of the facility. Associates' terminated operations in 2019 because its mission of serving the elderly residents of Kings Daughters Apartment Complex had been accomplished. In 2018, Associates' sister non-profit corporation, Kings Daughters Housing, Inc., sold the apartment complex to an unaffiliated non-profit entity thus ending the need for Associates' services. Associates distributed its remaining assets to other non-profit organizations associated with the elderly and filed Articles of Dissolution on November 21, 2019. The West Virginia Secretary of State approved the Dissolution on December 4, 2019.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $44,060

Program Service Revenue $0

Investment Income $9

Other Revenue $3

TOTAL REVENUE $44,072

Expense Breakdown

Grants Paid $107,345

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $108,446

Other Expenses $30,795

TOTAL EXPENSES $138,140

Year-over-Year Comparison

	2019	2018	Change
Revenue	$44,072	$76,429	-0.4%
Expenses	$138,140	$583,891	-0.8%
Net Income	$-94,068	$-507,462	-0.8%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Montie E Hicks	President	1.00	Officer Director	$0	$0	$0
George Karos	Vice-President	1.00	Officer Director	$0	$0	$0
Byron R Simpson	Secretary	1.00	Officer Director	$0	$0	$0
The Rev Thomas Gallagher	Director	1.00	Director	$0	$0	$0
The Rev Julie Nan Harris	Director	1.00	Director	$0	$0	$0
Leonard Harris	Director	1.00	Director	$0	$0	$0
Phil Steptoe	Acting Treasurer	1.00	Officer Director	$0	$0	$0
Colleen Tucker	Director	1.00	Director	$0	$0	$0
Cindy Folk	Director	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2019	$44,072	$138,140	No data	$-94,068
2018	$76,429	$583,891	$94,068	$-507,462

Associates for Community Development Inc