URBAN DEVELOPMENT CENTER INC (EIN 371717271) - 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

2013

Legal Domicile

Principal Officer

JESSICA A GRIFFEN

Phone

8507251712

Tax Period

2023-01-01 to 2023-12-31

URBAN DEVELOPMENT CENTER INC, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $295K in total revenue in fiscal year 2023. Revenue surged 590% from the prior year, signaling strong growth momentum. Expenses of $346K exceeded revenue, resulting in a 17% operating deficit.

Mission

Organization with the trilateral focus of developing workforce, business and organizational capacities within urban communities. Workforce Training for Adults Youth, Business Training OJT.

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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 $294,927

Investment Income $0

Other Revenue $0

TOTAL REVENUE $294,927

Expense Breakdown

Grants Paid $0

Salaries & Benefits $223,855

Fundraising Expenses $0

Other Expenses $122,577

TOTAL EXPENSES $346,432

Year-over-Year Comparison

	2023	2022	Change
Revenue	$294,927	$42,763	+5.9%
Expenses	$346,432	$2,059	+167.3%
Net Income	$-51,505	$40,704	-2.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR JESSICA A GRIFFEN	PRESIDENT	040.00	Officer Key Emp	$0	$0	$0
JOHN A RIGSBY	VICE PRESIDENT	040.00	Officer Key Emp	$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	$294,927	$346,432	$-3,551	$-51,505
2022	$42,763	$49,525	$27,163	$-6,762
2021	$119,771	$85,846	$17,274	$33,925
2020	$43,897	$40,437	$18,272	$3,460
2018	$600,749	$490,808	$110,814	$109,941

URBAN DEVELOPMENT CENTER INC