Omega Community Development Corporation (EIN 311561713) - 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

1997

Legal Domicile

Principal Officer

Vanessa Ward

Phone

9377238254

Tax Period

2024-01-01 to 2024-12-31

Omega Community Development Corporation, founded in 1997, is a community nonprofit in the Human Services sector that reported $9.2M in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum.

Mission

The Omega CDC focuses on three aspects of community development: Youth, Family, and Economic Development services. Our vision is to transform northwest Dayton into a family

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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 (2024)

Revenue Breakdown

Contributions & Grants $728,752

Program Service Revenue $7,483,856

Investment Income $0

Other Revenue $1,028,228

TOTAL REVENUE $9,240,836

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,105,227

Fundraising Expenses $265,001

Program Expenses $7,917,991

Other Expenses $5,345,129

TOTAL EXPENSES $9,450,356

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,240,836	$6,632,217	+0.4%
Expenses	$9,450,356	$6,148,605	+0.5%
Net Income	$-209,520	$483,612	-1.4%

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

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

$415,803

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Alonzo Patterson	Board Chair	2.00	Officer Director	$0	$0	$0
Darius Beckham	Vice Chair	2.00	Officer Director	$0	$0	$0
Maleka James	Secretary	2.00	Officer Director	$0	$0	$0
Rick Stover	Treasurer	2.00	Officer Director	$0	$0	$0
Paul Humble	Board Member	2.00	Director	$0	$0	$0
Elizabeth Wilfong	Board Member	2.00	Director	$0	$0	$0
Rev Joshua Ward	Board Member	2.00	Director	$0	$0	$0
Dr Julius E Beckham	Board Member	2.00	Director	$0	$0	$0
Cheryl Jones Garrett	Board Member	2.00	Director	$0	$0	$0
Shirley Akbar	Board Member	2.00	Director	$0	$0	$0
Yvette Kelly-Fields	Board Member	2.00	Director	$0	$0	$0
Ritika Kurup	Board Member	2.00	Director	$0	$0	$0
Nancy Arden McHugh	Board Member	2.00	Director	$0	$0	$0
Shanda McKinney	Board Member	2.00	Director	$0	$0	$0
Sabrina Pritchett	Board Member	2.00	Director	$0	$0	$0
Diane Graham	Board Member	2.00	Director	$0	$0	$0
Rev Vanessa Ward	President	40.00	Key Emp	$174,095	$0	$174,095
Rachel Ward	Vice President	40.00	Key Emp	$127,463	$0	$127,463
Jonathan Williams	Chief Financial Officer	40.00	Key Emp	$114,245	$0	$114,245

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	$9,240,836	$9,450,356	$11,542,148	$-209,520
2023	$6,632,217	$6,148,605	$10,698,741	$483,612
2022	$2,711,443	$2,526,575	$9,370,350	$184,868
2021	$2,240,777	$1,149,436	$10,376,423	$1,091,341
2020	$3,011,298	$923,816	$11,043,538	$2,087,482
2019	$1,285,545	$777,474	$2,172,066	$508,071
2018	$1,278,326	$839,959	$1,674,563	$438,367

Omega Community Development Corporation