MIDLANDS COMMUNITY DEVELOPMENT CORP (EIN 311612065) - 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

1988

Legal Domicile

Principal Officer

DARRELL JACKSON JR

Phone

8036479111

Tax Period

2023-01-01 to 2023-12-31

MIDLANDS COMMUNITY DEVELOPMENT CORP, founded in 1988, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.4M left a modest 7% surplus.

Mission

OPENING DOORS BY PROVIDING PROGRAMS AND SERVICES THAT CHANGE THE LIVES IN THE MIDLANDS OF SOUTH CAROLINA.

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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 $995,319

Program Service Revenue $0

Investment Income $324,905

Other Revenue $214,630

TOTAL REVENUE $1,534,854

Expense Breakdown

Grants Paid $0

Salaries & Benefits $734,799

Fundraising Expenses $0

Program Expenses $1,121,190

Other Expenses $699,830

TOTAL EXPENSES $1,434,629

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,534,854	$1,413,462	+0.1%
Expenses	$1,434,629	$1,114,645	+0.3%
Net Income	$100,225	$298,817	-0.7%

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

$129,151

Total Directors

$129,151

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARRELL JACKSON JR	EXECUTIVE DIRECTOR	20.00	Officer Director	$0	$11,764	$129,151
MICHELLE L LLOYD-PEAY	DIRECTOR	1.00	Director	$0	$0	$0
TITUS DAVIS III	DIRECTOR	1.00	Director	$0	$0	$0
PEGGIE FUNNY-ROANE	DIRECTOR	1.00	Director	$0	$0	$0
CALVIN ELLERBE	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER LINDSAY	DIRECTOR	1.00	Director	$0	$0	$0
RONNIE HOPKINS	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS KENNEDY	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA WILLIAMS	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
MARY HALLUMS	DIRECTOR	1.00	Director	$0	$0	$0
RONNIE MACK	DIRECTOR	1.00	Officer Director	$0	$0	$0
MYREL HAYWARD	CHAIRMAN	1.00	Officer Director	$0	$0	$0
STAMARIAN WATTS	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
2024	No data	No data	No data	No data
2023	$1,534,854	$1,434,629	$1,654,793	$100,225
2022	$1,413,462	$1,114,645	$1,540,536	$298,817
2021	$422,874	$441,039	$1,205,990	$-18,165
2020	$132,870	$446,411	$1,369,749	$-313,541
2019	$822,141	$578,681	$1,532,341	$243,460
2018	$875,579	$634,981	$1,345,508	$240,598

MIDLANDS COMMUNITY DEVELOPMENT CORP