Atlantic City Development Corporation (EIN 364808322) - 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

2015

Legal Domicile

Principal Officer

CHRISTOPHER PALADINO

Phone

7322492220

Tax Period

2019-01-01 to 2019-12-31

Atlantic City Development Corporation, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $267K in total revenue in fiscal year 2019. Revenue fell 86% from the prior year — a significant decline worth monitoring. Expenses of $653K exceeded revenue, resulting in a 145% operating deficit.

Mission

TO FURTHER THE DEVELOPMENT OF THE CITY OF ATLANTIC CITY AND THE STATE OF NEW JERSEY.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $15,000

Investment Income $252,000

Other Revenue $0

TOTAL REVENUE $267,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $371,329

Other Expenses $653,264

TOTAL EXPENSES $653,264

Year-over-Year Comparison

	2019	2018	Change
Revenue	$267,000	$1,950,138	-0.9%
Expenses	$653,264	$739,041	-0.1%
Net Income	$-386,264	$1,211,097	-1.3%

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

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
JON F HANSON	CHAIRMAN - TRUSTEE	1.0	Officer Director	$0	$0	$0
FRANCIS X WENTWORTH J	TREASURER - TRUSTEE	1.0	Officer Director	$0	$0	$0
ROBERT HOLMES	SECRETARY - TRUSTEE	1.0	Officer Director	$0	$0	$0
CHRISTOPHER J PALADIN	PRESIDENT - TRUSTEE	1.0	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
2019	$267,000	$653,264	$9,084,511	$-386,264
2018	$1,950,138	$739,041	$9,426,930	$1,211,097

Atlantic City Development Corporation