ENTERPRISE DEVELOPMENT & MANAGEMENT CORP (EIN 351899949) - 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

1993

Legal Domicile

Principal Officer

TERRENCE VELLIGAN

Phone

2193923660

Tax Period

2024-07-01 to 2025-06-30

ENTERPRISE DEVELOPMENT & MANAGEMENT CORP, founded in 1993, is a small nonprofit in the Community Improvement sector that reported $222K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $196K left a modest 12% surplus.

Mission

THE PURPOSE FOR WHICH THIS CORPORATION IS ORGANIZED SHALL BE TO MANAGE PROPERTIES, SOLICIT GRANTS, ENGAGE IN FUNDRAISING, PROVIDE ECONOMIC DEVELOPMENT ACTIVITIES, AND ENGAGE IN OTHER SIMILAR ACTIVITY IN THE CITY OF EAST CHICAGO, AND SUPPORT THE EFFORTS OF THE PARENT ORGANIZATION, EAST CHICAGO URBAN ENTERPRISE ASSOCIATION. THE CORPORATION SHALL FURTHER PROMOTE COMMUNITY OUTREACH IN THE CITY OF EAST CHICAGO, INDIANA. IN FURTHERANCE OF ITS PURPOSE, THE CORPORATION SHALL ALSO ENGAGE IN ALL THOSE ACTIVITIES PERMITTED OF CORPORATIONS GENERALLY BY VIRTUE OF THE PROVISIONS OF THE INDIANA NONPROFIT CORPORATION ACT OF 1991.

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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 $199,391

Investment Income $22,379

Other Revenue $0

TOTAL REVENUE $221,770

Expense Breakdown

Grants Paid $0

Salaries & Benefits $39,600

Fundraising Expenses $0

Program Expenses $189,858

Other Expenses $156,148

TOTAL EXPENSES $195,748

Year-over-Year Comparison

	2024	2023	Change
Revenue	$221,770	$241,748	-0.1%
Expenses	$195,748	$181,799	+0.1%
Net Income	$26,022	$59,949	-0.6%

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

$14,400

Total Directors

$35,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY JONES	BOARD MEMBER	1.00	Director	$3,600	$0	$3,600
EARL HARRIS JR	BOARD MEMBER	1.00	Director	$3,600	$0	$3,600
RON KOMENDAT	SECRETARY	1.00	Officer Director	$3,600	$0	$3,600
MANUEL MARTINEZ	VICE CHAIRMAN	1.00	Officer Director	$3,600	$0	$3,600
GILDA ORANGE	BOARD MEMBER	1.00	Director	$3,600	$0	$3,600
DWAYNE RANCIFER	BOARD MEMBER	1.00	Director	$3,600	$0	$3,600
DOUGLAS SLOSS	BOARD MEMBER	1.00	Director	$3,300	$0	$3,300
MAY KATHERINE THOMAS	TREASURER	1.00	Officer Director	$3,600	$0	$3,600
TERRENCE VELLIGAN	CHAIRMAN	1.00	Officer Director	$3,600	$0	$3,600
STANLEY KUBAS	BOARD MEMBER	1.00	Director	$3,600	$0	$3,600

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	$221,770	$195,748	$1,748,497	$26,022
2024	No data	No data	No data	No data
2023	$194,491	$179,237	$1,662,526	$15,254
2022	$195,658	$212,495	$1,644,772	$-16,837
2021	$189,576	$177,956	$1,661,609	$11,620
2020	$177,962	$194,271	$1,649,989	$-16,309
2019	$179,523	$179,867	$1,666,298	$-344
2018	$165,448	$182,456	$1,668,056	$-17,008

ENTERPRISE DEVELOPMENT & MANAGEMENT CORP