CDA MIDWAY PLAISANCE ASSOCIATION (EIN 363876937) - 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

C OLIVER

Phone

6307896709

Tax Period

2023-01-01 to 2023-12-31

CDA MIDWAY PLAISANCE ASSOCIATION, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $490K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 115% operating deficit.

Mission

AFFORDABLE HOUSING- THE ORGANIZATION WAS FORMED TO DEVELOP, OWN AND OPERATE AN AFFORDABLE HOUSING PROJECT FOR VERY LOW INCOME HOUSEHOLDS AGED 62 OR OLDER.

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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 $489,303

Investment Income $1,154

Other Revenue $0

TOTAL REVENUE $490,457

Expense Breakdown

Grants Paid $0

Salaries & Benefits $209,863

Fundraising Expenses $0

Program Expenses $948,213

Other Expenses $844,544

TOTAL EXPENSES $1,054,407

Year-over-Year Comparison

	2023	2022	Change
Revenue	$490,457	$541,279	-0.1%
Expenses	$1,054,407	$963,796	+0.1%
Net Income	$-563,950	$-422,517	+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

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

$377,396

Total Directors

$377,396

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV STANLEY L DAVIS JR	CHAIRMAN-DIRECTOR	1.00	Officer Director	$0	$0	$0
CHRISTINE MJ OLIVER	PRESIDENT-DIRECTOR	5.00	Officer Director	$0	$0	$377,396
REV DAVID C COLEMAN JR	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$490,457	$1,054,407	$2,750,197	$-563,950
2022	$541,279	$963,796	$2,409,608	$-422,517
2021	$535,554	$889,740	$2,090,957	$-354,186
2020	$641,520	$915,851	$1,863,181	$-274,331
2019	$646,349	$963,181	$1,939,382	$-316,832
2018	$671,154	$801,453	$2,022,950	$-130,299

CDA MIDWAY PLAISANCE ASSOCIATION