ST MARY DEVELOPMENT CORPORATION (EIN 311275208) - Form 990 Financial Analysis & Trantor Score

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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

1989

Legal Domicile

Principal Officer

TIMOTHY BETE

Phone

9372778149

Tax Period

2023-01-01 to 2023-12-31

ST MARY DEVELOPMENT CORPORATION, founded in 1989, is a community nonprofit in the Housing & Shelter sector that reported $5.1M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 20% operating margin.

Mission

CREATING LASTING, AFFORDABLE HOUSING SOLUTIONS IN SOUTHWEST OHIO AND VARIOUS STATES THROUGH REAL

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,478,294

Program Service Revenue $1,302,630

Investment Income $304,365

Other Revenue $0

TOTAL REVENUE $5,085,289

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,022,625

Fundraising Expenses $265,888

Program Expenses $2,808,084

Other Expenses $2,034,210

TOTAL EXPENSES $4,056,835

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,085,289	$3,928,839	+0.3%
Expenses	$4,056,835	$3,827,092	+0.1%
Net Income	$1,028,454	$101,747	+9.1%

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

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

$465,519

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY CROCKETT	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
LARRY WILLIAMS	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
AMY RIEGEL	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
SHELLY CAGLE	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
AUSTIN RAINS	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
JACK KUKURA	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
VANESSA WARD	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
LAURIE JAKOPLIC	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
TIMOTHY BETE	PRESIDENT/TREASURER	40.00	Officer	$178,387	$0	$178,387
WESLEY YOUNG	VICE PRESIDENT/SECRETARY	40.00	Officer	$156,632	$0	$156,632
NATALYNNE BAKER	VICE PRESIDENT/COO	40.00	Officer	$130,500	$0	$130,500
BARBARA PROSSER	FORMER CHIEF FINANCIAL OFFICER	40.00		$166,400	$0	$166,400

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
2024	No data	No data	No data	No data
2023	$5,085,289	$4,056,835	$35,593,230	$1,028,454
2022	$3,928,839	$3,827,092	$32,204,723	$101,747
2021	$6,845,759	$4,434,188	$30,982,937	$2,411,571
2020	$4,189,800	$3,182,976	$28,449,061	$1,006,824
2019	$3,773,353	$2,998,478	$25,798,835	$774,875
2018	$2,774,507	$2,570,084	$24,502,545	$204,423

ST MARY DEVELOPMENT CORPORATION