Target Area Development Corporation (EIN 364024688) - 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

1995

Legal Domicile

Principal Officer

Omari Kamal

Phone

7736516470

Tax Period

2024-01-01 to 2024-12-31

Target Area Development Corporation, founded in 1995, is a community nonprofit in the Crime & Legal sector that reported $9.9M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF TARGET AREA DEVELOPMENT CORPORATION IS TO CREATE THRIVING AND SUSTAINABLE COMMUNITIES BY BUILDING RESIDENTS CAPACITY TO SOLVE STUBBORN PROBLEMS USING RESEARCH, ORGANIZING, MOBILIZATION AND EDUCATION.

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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 $9,942,063

Program Service Revenue $0

Investment Income $0

Other Revenue $4,746

TOTAL REVENUE $9,946,809

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,891,020

Fundraising Expenses $2,239

Program Expenses $10,303,529

Other Expenses $5,916,163

TOTAL EXPENSES $10,807,183

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,946,809	$8,693,105	+0.1%
Expenses	$10,807,183	$8,458,915	+0.3%
Net Income	$-860,374	$234,190	-4.7%

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

$200,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Stanford	President & CEO	1.00	Key Emp	$200,000	$0	$200,000
Kelly Williams	Chairman	1.00	Officer Director	$0	$0	$0
Yolanda Adams	Treasurer	1.00	Officer Director	$0	$0	$0
Zeolia Gordon	Board Member	1.00	Director	$0	$0	$0
Myra Jordan	Board Member	1.00	Director	$0	$0	$0
Shirley Bryant	Board Member	1.00	Director	$0	$0	$0
Pearl Johnson	Board Member	1.00	Director	$0	$0	$0
Mattie Stanford	Chief Operating Officer	1.00	Highest	$134,410	$0	$134,410

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	$9,946,809	$10,807,183	$1,664,681	$-860,374
2024	No data	No data	No data	No data
2022	$6,912,230	$7,277,539	$1,095,777	$-365,309
2021	$7,647,665	$7,292,120	$1,095,777	$355,545
2020	$7,129,614	$6,875,290	$1,655,349	$254,324
2019	$4,182,067	$4,183,489	$1,339,912	$-1,422

Target Area Development Corporation