THE MULFORD CORPORATION (EIN 421690952) - 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

2008

Legal Domicile

Principal Officer

BRIAN SWEENEY

Phone

4105058936

Tax Period

2023-01-01 to 2023-12-31

THE MULFORD CORPORATION, founded in 2008, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 137% from the prior year, signaling strong growth momentum. Expenses of $3.7M exceeded revenue, resulting in a 77% operating deficit.

Mission

TO SUPPORT THE GOVERNMENTAL ACTIVITIES AND GOALS OF THE MUNICIPAL HOUSING FOR THE CITY OF YONKERS, NY.

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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 $76,500

Program Service Revenue $1,910,792

Investment Income $84,593

Other Revenue $0

TOTAL REVENUE $2,071,885

Expense Breakdown

Grants Paid $489,309

Salaries & Benefits $1,227,343

Fundraising Expenses $11,481

Program Expenses $3,384,027

Other Expenses $1,931,516

TOTAL EXPENSES $3,659,649

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,071,885	$873,353	+1.4%
Expenses	$3,659,649	$4,786,883	-0.2%
Net Income	$-1,587,764	$-3,913,530	-0.6%

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

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

$278,478

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES J LANDY	CHAIR	1.00	Officer Director	$0	$0	$0
JOAN DEIERLAN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN J MCDONALD	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK JAMES	DIRECTOR	1.00	Director	$0	$0	$0
EDGAR SANTANA SR	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SCHOPFER	DIRECTOR	1.00	Director	$0	$0	$0
JEAN TICKELL	DIRECTOR	1.00	Director	$0	$0	$0
WILSON KIMBALL	PRESIDENT & CEO	8.00	Officer	$0	$3,050	$278,478
JOHN LISZEWSKI	TREASURER	1.00	Officer	$0	$0	$0
CARLOS LABOY-DIAZ	ASSISTANT TREASURER	1.00	Officer	$0	$0	$0
BRIAN SWEENEY	SECRETARY	1.00	Officer	$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	$2,071,885	$3,659,649	$19,695,138	$-1,587,764
2022	$873,353	$4,786,883	$20,053,042	$-3,913,530
2021	$9,352,253	$1,514,756	$24,288,868	$7,837,497
2020	$7,089,297	$4,808,900	$17,769,754	$2,280,397
2019	$11,407,914	$2,292,420	$14,153,833	$9,115,494
2018	$4,774,177	$260,808	$4,979,520	$4,513,369
2018	$4,793,736	$273,808	$4,981,729	$4,519,928
2017	$341,195	$275,126	$583,013	$66,069

THE MULFORD CORPORATION