PALESTINE ECONOMIC DEVELOPMENT CORPORATION (EIN 311815055) - 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

2003

Legal Domicile

Principal Officer

MELVIN GROSS

Phone

8169216009

Tax Period

2023-01-01 to 2023-12-31

PALESTINE ECONOMIC DEVELOPMENT CORPORATION, founded in 2003, is a small nonprofit in the Environment sector that reported $746K in total revenue in fiscal year 2023. The organization ran a surplus of $618K, a strong 83% operating margin.

Mission

The Orgaization was created to adress senior housing, youth development. and community development needs in the Greater Kansas City, Missouri metropolitan area.

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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 $198,710

Program Service Revenue $546,929

Investment Income $361

Other Revenue $0

TOTAL REVENUE $746,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $122,793

Other Expenses $127,682

TOTAL EXPENSES $127,682

Year-over-Year Comparison

	2023	2022	Change
Revenue	$746,000	N/A	N/A
Expenses	$127,682	$-72,084	-2.8%
Net Income	$618,318	$72,084	+7.6%

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

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
MELVIN GROSS	CHAIRMAN	001.00	Officer Director	$0	$0	$0
DAMON HODGES	SECRETARY/TREASURER	001.00	Officer Director	$0	$0	$0
JAMES WATKINS SR	DIRECTOR	001.00	Director	$0	$0	$0
CARRIE RICE-HARRIS	DIRECTOR	001.00	Director	$0	$0	$0
DAN REXROTH	DIRECTOR	001.00	Director	$0	$0	$0
TWANA SMITH	DIRECTOR	001.00	Director	$0	$0	$0
WENDELL JONES	DIRECTOR	001.00	Director	$0	$0	$0
SHARON STAPLES	DIRECTOR	001.00	Director	$0	$0	$0
TERRY PATNODE	DIRECTOR	001.00	Director	$0	$0	$0
KEVIND BUTLER	DIRECTOR	001.00	Director	$0	$0	$0
LEOTA JONES	DIRECTOR	001.00	Director	$0	$0	$0
KAREN BOYD	DIRECTOR	001.00	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	$746,000	$127,682	$1,967,482	$618,318
2022	No data	$-72,084	$1,348,776	No data
2021	No data	$9,982	$1,276,192	No data
2020	$17	$3,427	$1,268,490	$-3,410
2019	$3,295	$4,946	$1,268,795	$-1,651
2018	$450	$6,198	$1,268,503	$-5,748

PALESTINE ECONOMIC DEVELOPMENT CORPORATION