CASS CORRIDOR NEIGHBORHOOD DEVELOPMENT CORPORATION (EIN 382442238) - 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

1985

Legal Domicile

Principal Officer

PAT DORN

Phone

3138310199

Tax Period

2023-10-01 to 2024-09-30

CASS CORRIDOR NEIGHBORHOOD DEVELOPMENT CORPORATION, founded in 1985, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $367K, a strong 34% operating margin.

Mission

NEIGHBORHOOD REVITALIZATION AND QUALITY LOW-COST HOUSING WITHIN CASS CORRIDOR

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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 $1,074,488

Investment Income $-445

Other Revenue $101

TOTAL REVENUE $1,074,144

Expense Breakdown

Grants Paid $0

Salaries & Benefits $129,256

Fundraising Expenses $0

Program Expenses $594,355

Other Expenses $577,999

TOTAL EXPENSES $707,255

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,074,144	$1,425,543	-0.2%
Expenses	$707,255	$1,512,848	-0.5%
Net Income	$366,889	$-87,305	-5.2%

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

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

$102,926

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICTOR LLOYD	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MARILYNN MULLANE	TREASURER	1.00	Officer Director	$0	$0	$0
GEORGE MCMAHON	SECRETARY	1.00	Officer Director	$0	$0	$0
BETTY BENNETT	DIRECTOR	1.00	Director	$0	$0	$0
TERI PAGE	DIRECTOR	1.00	Director	$0	$0	$0
ADRIENNE EDMONSON	DIRECTOR	1.00	Director	$0	$0	$0
GWENDOLYN LESTER	DIRECTOR	1.00	Director	$0	$0	$0
DAVE DOBBIE	DIRECTOR	1.00	Director	$0	$0	$0
NAOMI SIMS	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK DORN	EXECUTIVE DIRECTOR	40.00	Officer	$102,926	$0	$102,926

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	$1,074,144	$707,255	$3,485,117	$366,889
2023	$1,425,543	$1,512,848	$2,889,302	$-87,305
2022	$449,061	$565,515	$3,485,693	$-116,454
2021	$460,954	$524,453	$3,574,277	$-63,499
2020	$460,757	$544,521	$3,585,305	$-83,764
2019	$339,230	$515,486	$3,587,861	$-176,256
2018	$481,368	$499,362	$3,925,788	$-17,994

CASS CORRIDOR NEIGHBORHOOD DEVELOPMENT CORPORATION