REVA DEVELOPMENT CORPORATION (EIN 364563315) - 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

2004

Legal Domicile

Phone

9049172686

Tax Period

2024-10-01 to 2025-09-30

REVA DEVELOPMENT CORPORATION, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $540K in total revenue in fiscal year 2024.

Mission

TO MAINTAIN A COMMITMENT TO REVIVE UNDERSERVED COMMUNITIES, AND TO LEAD ECONOMICDEVELOPMENT EFFORTS AS CIVIC ENTREPRENEURS BY CREATING AND PRESERVING AFFORDABLE SPACES FOR FAMILIES AND SMALL BUSINESSES.

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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 $408,500

Program Service Revenue $67,690

Investment Income $0

Other Revenue $63,801

TOTAL REVENUE $539,991

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $502,484

Other Expenses $524,864

TOTAL EXPENSES $524,864

Year-over-Year Comparison

	2024	2023	Change
Revenue	$539,991	N/A	N/A
Expenses	$524,864	N/A	N/A
Net Income	$15,127	N/A	N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE GADSEN	CHAIRMAN	0.00	Director	$0	$0	$0
SHERWOOD DUBOSE	VICE CHAIRMAN	0.00	Director	$0	$0	$0
DON PATTERSON	PRESIDENT	40.00	Officer	$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	$539,991	$524,864	$9,623,283	$15,127
2024	$249,600	$686,893	$9,192,147	$-437,293
2022	$21,531	$243,586	$11,654,177	$-222,055
2020	$504,488	$315,609	$8,330,536	$188,879
2019	$51,800	$77,726	$2,922,060	$-25,926

REVA DEVELOPMENT CORPORATION