UNIVERSITY PARK DEVELOPMENT CORPOR… - Form 990 Financial Data

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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

2000

Legal Domicile

Principal Officer

DAVID JAMES

Phone

3304751347

Tax Period

2019-07-01 to 2020-06-30

UNIVERSITY PARK DEVELOPMENT CORPORATION C/O J FALATOK - PREMIER BANK, founded in 2000, is a micro nonprofit that reported $619 in total revenue in fiscal year 2019. Revenue fell 108% from the prior year — a significant decline worth monitoring.

Mission

TO TRANSFORM THE 40 BLOCKS SURROUNDING THE UNIVERSITY OF AKRON INTO A DENSE, CULTURALLY DIVERSE, WALKABLE URBAN NEIGHBORHOOD BY CAPITALIZING ON THE ECONOMIC SYNERGY OF THE UNIVERSITY, HOSPITALS, BIO-TECH INSTITUTE, AND PUBLIC SCHOOLS.

Program Service Accomplishments

Program 1

Expenses: $23,292 Revenue: $0

UPA ACQUIRES, SECURES AND MAINTAINS PROPERTIES FOR REHABILITATION AND DEVELOPMENT, AND FUNDS COMMUNITY ORGANIZATIONS AND ACTIVITIES AS PART OF ITS PLAN TO IMPLEMENT URBAN DEVELOPMENT FOLLOWING ITS...

UPA ACQUIRES, SECURES AND MAINTAINS PROPERTIES FOR REHABILITATION AND DEVELOPMENT, AND FUNDS COMMUNITY ORGANIZATIONS AND ACTIVITIES AS PART OF ITS PLAN TO IMPLEMENT URBAN DEVELOPMENT FOLLOWING ITS MISSION TO IMPROVE THE QUALITY OF LIFE, STRENGTHEN AND STABILIZE THE NEIGHBORHOOD AND ATTRACT NEW BUSINESS AND RESIDENTS TO UNIVERSITY PARK.

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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 (2019)

Revenue Breakdown

Contributions & Grants $10,000

Program Service Revenue $0

Investment Income $-10,619

Other Revenue $0

TOTAL REVENUE $-619

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $23,292

Other Expenses $34,065

TOTAL EXPENSES $34,065

Year-over-Year Comparison

	2019	2018	Change
Revenue	$-619	$7,500	-1.1%
Expenses	$34,065	$34,566	0.0%
Net Income	$-34,684	$-27,066	+0.3%

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
DAVID W JAMES	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN FALATOK	TREASURER	1.00	Officer Director	$0	$0	$0
J BRET TREIER	STATUTORY AGENT	1.00	Officer 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
2020	$-619	$34,065	$1,447,070	$-34,684
2019	$7,500	$34,566	$1,471,650	$-27,066

UNIVERSITY PARK DEVELOPMENT CORPORATION C/O J FALATOK - PREMIER BANK