MASSILLON DEVELOPMENT FOUNDATION

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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

1950

Legal Domicile

Principal Officer

LUCAS MURRAY

Tax Period

2023-07-01 to 2024-06-30

MASSILLON DEVELOPMENT FOUNDATION, founded in 1950, is a micro nonprofit that reported $85K in total revenue in fiscal year 2023. Revenue surged 127% from the prior year, signaling strong growth momentum. Net assets of $3.3M represent 471 months of operating reserves.

Mission

ECONOMIC GROWTH AND DEVELOPMENT

Program Service Accomplishments

Program 1

Expenses: $80,487 Revenue: $13,650

THE MASSILLON DEVELOPMENT FOUNDATION, INC. RECRUITS NEW INDUSTRY TO WESTERN STARK COUNTY, HELPING COMPANIES CREATE AND MAINTAIN JOBS FOR THE PEOPLE OF THE COMMUNITY, AND OFFERS PRIME REAL ESTATE AT...

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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 $0

Program Service Revenue $13,650

Investment Income $74,375

Other Revenue $-2,659

TOTAL REVENUE $85,366

Expense Breakdown

Grants Paid $28,100

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $80,487

Other Expenses $61,253

TOTAL EXPENSES $89,353

Year-over-Year Comparison

	2023	2022	Change
Revenue	$85,366	$37,645	+1.3%
Expenses	$89,353	$163,994	-0.5%
Net Income	$-3,987	$-126,349	-1.0%

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
LUCAS MURRAY	PAST PRESIDE	N/A	Officer Director	$0	$0	$0
JOHN PATRICK PICARD	PRESIDENT	N/A	Officer Director	$0	$0	$0
DAVE HOFFER	TREASURER	N/A	Officer Director	$0	$0	$0
DEBORAH BUSBY	SECRETARY/EX	N/A	Officer Director	$0	$0	$0
KEITH NUTTER	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
JOHN EISENHUT	BOARD MEMBER	N/A	Director	$0	$0	$0
FRED HORNER	BOARD MEMBER	N/A	Director	$0	$0	$0
JOE LOGAN	BOARD MEMBER	N/A	Director	$0	$0	$0
CRAIG SANDERS	BOARD MEMBER	N/A	Director	$0	$0	$0
BILL SCHUMACHER	BOARD MEMBER	N/A	Director	$0	$0	$0
TOM TURNER	BOARD MEMBER	N/A	Director	$0	$0	$0
LACIE BARR	BOARD MEMBER	N/A	Director	$0	$0	$0
MATT DOUGLAS	BOARD MEMBER	N/A	Director	$0	$0	$0
JASON GERAGHTY	VICE CHAIR	N/A	Officer Director	$0	$0	$0
PETE OPPERMAN	BOARD MEMBER	N/A	Director	$0	$0	$0
TIM SEIFERT	BOARD MEMBER	N/A	Director	$0	$0	$0
KATHY SHULTZ	BOARD MEMBER	N/A	Director	$0	$0	$0
KELLY SOBER	BOARD MEMBER	N/A	Director	$0	$0	$0
PETER VOLAS	BOARD MEMBER	N/A	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
2025	No data	No data	No data	No data
2024	$85,366	$89,353	$3,368,359	$-3,987
2023	$37,645	$163,994	$3,373,946	$-126,349
2022	$455,846	$76,481	$3,497,545	$379,365
2021	$101,226	$64,992	$3,118,465	$36,234
2020	$137,184	$52,824	$3,061,652	$84,360
2019	$952,235	$537,818	$2,979,912	$414,417
2018	$28,128	$54,118	$2,565,961	$-25,990