PENN-MAR DEVELOPMENT CORPORATION (EIN 311657868) - 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

1999

Legal Domicile

Principal Officer

MARVIN PYLES

Phone

4103431069

Tax Period

2024-07-01 to 2025-06-30

PENN-MAR DEVELOPMENT CORPORATION, founded in 1999, is a micro nonprofit in the Housing & Shelter sector that reported $29K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $69K exceeded revenue, resulting in a 141% operating deficit.

Mission

TO RECEIVE & ADMINISTER FUNDS FOR, TO ESTABLISH, MAINTAIN, SUPERVISE, COORDINATE, ASSIST & PERFORM PLANNING AND OTHER FUNCTIONS FOR, AND TO CARRY OUT THE CHARITABLE & EDUCATIONAL PURPOSES OF PENN-MAR ORGANIZATION, INC. (OF MD) AND PENN-MAR ORGANIZATION, INC. (OF PA)

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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 $0

Program Service Revenue $28,669

Investment Income $0

Other Revenue $0

TOTAL REVENUE $28,669

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $69,134

Other Expenses $69,134

TOTAL EXPENSES $69,134

Year-over-Year Comparison

	2024	2023	Change
Revenue	$28,669	$32,165	-0.1%
Expenses	$69,134	$64,696	+0.1%
Net Income	$-40,465	$-32,531	+0.2%

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

$457,016

Total Directors

$448,991

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTINE CROSSWHITE	SECRETARY	1.00	Officer Director	$0	$0	$0
GREGORY T MILLER	CHAIRMAN & CEO	1.00	Officer Director	$0	$43,085	$448,991
PAUL SHIFRIN	TREASURER	1.00	Officer Director	$0	$0	$0
JUDITH MOSER	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH GRAHE	DIRECTOR	1.00	Director	$0	$0	$0
MARVIN PYLES	EXECUTIVE DIRECTOR	1.00	Officer	$0	$0	$8,025
MICHAEL MAHON	FORMER EXECUTIVE DIRECTOR	1.00		$0	$43,051	$272,293

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
2025	$28,669	$69,134	$547,466	$-40,465
2024	$32,165	$64,696	$552,143	$-32,531
2023	$29,601	$63,033	$560,288	$-33,432
2022	$31,500	$62,449	$618,852	$-30,949
2021	$33,375	$45,135	$624,059	$-11,760
2020	$43,875	$53,487	$644,601	$-9,612
2019	$45,000	$60,718	$493,962	$-15,718
2018	$45,000	$67,232	$508,886	$-22,232

PENN-MAR DEVELOPMENT CORPORATION