Metropolitan Economic Development Association (EIN 410977257) - 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

1971

Legal Domicile

Principal Officer

Dorothy Bridges

Phone

6123326332

Tax Period

2024-01-01 to 2024-12-31

Metropolitan Economic Development Association, founded in 1971, is a mid-sized nonprofit that reported $15.5M in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.8M, a strong 44% operating margin.

Mission

Helping minority entrepreneurs succeed.

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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 $13,092,655

Program Service Revenue $2,495,423

Investment Income $381,192

Other Revenue $-463,402

TOTAL REVENUE $15,505,868

Expense Breakdown

Grants Paid $1,129,000

Salaries & Benefits $3,746,773

Fundraising Expenses $1,298,489

Program Expenses $6,203,044

Other Expenses $3,847,445

TOTAL EXPENSES $8,723,218

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,505,868	$9,291,098	+0.7%
Expenses	$8,723,218	$8,074,691	+0.1%
Net Income	$6,782,650	$1,216,407	+4.6%

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

100

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

$539,547

Total Directors

Key Employees

$252,951

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Hoyt Hsiao	Chair	5.00	Officer Director	$0	$0	$0
John Stout	Secretary	5.00	Officer Director	$0	$0	$0
Jeffrey Payne	Treasurer / Vice Chair	5.00	Officer Director	$0	$0	$0
Al Mendoza	Director	1.00	Director	$0	$0	$0
Al Perera	Director	1.00	Director	$0	$0	$0
Andrea Burns	Director (Jan-Jun)	1.00	Director	$0	$0	$0
Andrea Novak	Director	1.00	Director	$0	$0	$0
Bukata Hayes	Director	1.00	Director	$0	$0	$0
Chris Pham	Director	1.00	Director	$0	$0	$0
D'Angelos Svenkeson	Director	1.00	Director	$0	$0	$0
Darren Moquist	Director	1.00	Director	$0	$0	$0
David Rudolph	Director	1.00	Director	$0	$0	$0
Jacob Rider	Director	1.00	Director	$0	$0	$0
Jashan Eison	Director	1.00	Director	$0	$0	$0
Joel Lebewitz	Director	1.00	Director	$0	$0	$0
John Taylor	Director (Jan-Jun)	1.00	Director	$0	$0	$0
Joseph Wallace	Director	1.00	Director	$0	$0	$0
Kenya McKnight-Ahad	Director	1.00	Director	$0	$0	$0
Kevin Besikof	Director	1.00	Director	$0	$0	$0
Laura Helmueller	Director	1.00	Director	$0	$0	$0
Mary Muldowney	Director	1.00	Director	$0	$0	$0
Matt Thompson	Director	1.00	Director	$0	$0	$0
Matthew Lyons	Director (Jan-Jun)	1.00	Director	$0	$0	$0
Michael Roberts	Director	1.00	Director	$0	$0	$0
Molly Dorgan	Director	1.00	Director	$0	$0	$0
Natalie McGrady	Director	1.00	Director	$0	$0	$0
Priya Narula	Director	1.00	Director	$0	$0	$0
Robert Doty	Director	1.00	Director	$0	$0	$0
Shaun Coard	Director	1.00	Director	$0	$0	$0
Shawn Calabrase	Director	1.00	Director	$0	$0	$0
Stefan Michno	Director	1.00	Director	$0	$0	$0
Steven Singer	Director	1.00	Director	$0	$0	$0
Suzanne Murphy	Director (Jan-Jun)	1.00	Director	$0	$0	$0
Dorothy Bridges	President & CEO	40.00	Officer	$377,980	$25,965	$403,945
Mesude Cingilli	CFO/VP of Finance & IT	40.00	Officer	$135,602	$0	$135,602
Adrian Ruddock VP of Lending	& Business Consulting Services	40.00	Key Emp	$224,478	$28,473	$252,951
Pomsok Yu	Director of Business Consulting	40.00	Highest	$127,112	$36,487	$163,599
Gregory Donovan	Director of Operations	40.00	Highest	$104,728	$156	$104,884
George Jacobson Program	Manager - MBDA Business Center	40.00	Highest	$103,771	$20,815	$124,586

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	$15,505,868	$8,723,218	$63,533,261	$6,782,650
2023	$9,291,098	$8,074,691	$42,978,022	$1,216,407
2022	$6,566,738	$9,518,584	$38,713,139	$-2,951,846
2021	$12,064,856	$7,934,680	$45,113,584	$4,130,176
2020	$7,589,215	$6,034,922	$39,495,187	$1,554,293
2019	$5,856,303	$6,699,083	$26,982,294	$-842,780
2018	$7,372,838	$6,346,017	$24,620,444	$1,026,821

Metropolitan Economic Development Association