MIDDLETOWN AREA DEVELOPMENT ENTERPRISES (EIN 316040364) - 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

1963

Legal Domicile

Phone

5134224551

Tax Period

2025-01-01 to 2025-12-31

MIDDLETOWN AREA DEVELOPMENT ENTERPRISES, founded in 1963, is a micro nonprofit that reported $18K in total revenue in fiscal year 2025. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $18K, a strong 98% operating margin.

Mission

THE ORGANIZATION HOLDS INDUSTRIAL LAND TO SELL IN ORDER TO PROMOTE GROWTH & DEVELOPMENT IN THE MIDDLETOWN 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $18,002

Other Revenue $0

TOTAL REVENUE $18,002

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $449

TOTAL EXPENSES $449

Year-over-Year Comparison

	2025	2024	Change
Revenue	$18,002	$23,052	-0.2%
Expenses	$449	$300	+0.5%
Net Income	$17,553	$22,752	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM ABBOTT	INDIVIDUAL TRUSTEE	1.00	Director	$0	$0	$0
MIKE STAUTBERG	INDIVIDUAL TRUSTEE	1.00	Director	$0	$0	$0
BOB LAFKAS	INDIVIDUAL TRUSTEE	2.00	Director	$0	$0	$0
JACOB SCHULTE	INDIVIDUAL TRUSTEE	1.00	Director	$0	$0	$0
CHRIS BERGS	VICE PRESIDENT	1.00	Officer	$0	$0	$0
KEN COHEN	PRESIDENT	1.00	Officer	$0	$0	$0
RICK PEARCE	TREASURER	3.00	Officer	$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
2025	$18,002	$449	$599,055	$17,553
2024	$23,052	$300	$581,502	$22,752
2023	$15,727	$362	$558,750	$15,365
2022	$1,709	$300	$543,385	$1,409
2021	$33,584	$397	$541,976	$33,187
2020	$1,452	$5,500	$508,789	$-4,048
2019	$3,161	$1,170	$512,837	$1,991
2018	$3,039	$8,894	$510,846	$-5,855

MIDDLETOWN AREA DEVELOPMENT ENTERPRISES