HISTORIC WEST MANSFIELD TEXAS COMMUNITY DEVELOPMENT CORPORATION (EIN 383721035) - 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

2005

Legal Domicile

Principal Officer

MICHAEL A EVANS SR

Phone

8174731236

Tax Period

2024-01-01 to 2024-12-31

HISTORIC WEST MANSFIELD TEXAS COMMUNITY DEVELOPMENT CORPORATION, founded in 2005, is a micro nonprofit in the Community Improvement sector that reported $18K in total revenue in fiscal year 2024. Revenue surged 134% from the prior year, signaling strong growth momentum. Expenses of $51K exceeded revenue, resulting in a 188% operating deficit.

Mission

TO PROVIDE, DEVELOP AND FACILITATE SAFE AND DECENT AFFORDABLE HOUSING FOR LOW TO MODERATE-INCOME PERSONS. THE ORGANIZATION WILL ENGAGE IN CHARITABLE COMMUNITY, ECONOMIC AND EDUCATIONAL DEVELOPMENT IN THE HISTORICALLY UNDEVELOPED AND DISADVANTAGED WEST MANSFIELD AND SURROUNDING COMMUNITIES.

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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 $7,972

Program Service Revenue $0

Investment Income $9,658

Other Revenue $0

TOTAL REVENUE $17,630

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $50,754

Other Expenses $50,754

TOTAL EXPENSES $50,754

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,630	$7,527	+1.3%
Expenses	$50,754	$67,986	-0.3%
Net Income	$-33,124	$-60,459	-0.5%

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

N/A

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
MICHAEL A EVANS SR	DIRECTOR	0.75	Director	$0	$0	$0
JAMES LEGGS	DIRECTOR	0.75	Director	$0	$0	$0
LEONARD HORNSBY	DIRECTOR	0.75	Director	$0	$0	$0
JAMES CLAY	VICE PRESIDENT	0.75	Director	$0	$0	$0
CYNTHIA BENNETT	DIRECTOR	0.75	Director	$0	$0	$0
EBONY TURNER	PRESIDENT	0.75	Director	$0	$0	$0
SHAWAN HAGAN-COLE	SECRETARY	0.75	Director	$0	$0	$0
REGGIE JENNINGS	TREASURER	0.75	Director	$0	$0	$0
CARLTON ADAMS	DIRECTOR	0.75	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
2024	$17,630	$50,754	$336,520	$-33,124
2023	$7,527	$67,986	$370,264	$-60,459
2022	$122,428	$62,734	$429,383	$59,694
2021	$371,974	$68,607	$369,689	$303,367
2020	$60,000	$39,422	$66,322	$20,578
2019	$106,000	$30,641	$1,064,891	$75,359
2018	$259	$33,076	$90,087	$-32,817

HISTORIC WEST MANSFIELD TEXAS COMMUNITY DEVELOPMENT CORPORATION