FOREST PARK SOUTHEAST DEVELOPMENT CORPORATION (EIN 431117201) - 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

2016

Legal Domicile

Principal Officer

PHIL MINDEN

Phone

3145355311

Tax Period

2023-01-01 to 2023-12-31

FOREST PARK SOUTHEAST DEVELOPMENT CORPORATION, founded in 2016, is a micro nonprofit in the Housing & Shelter sector that reported $10K in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $27K exceeded revenue, resulting in a 181% operating deficit.

Mission

PRESERVING AND DEVELOPING QUALITY AND AFFORDABLE HOUSING IN THE COMMUNITY

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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 $7,700

Investment Income $1,971

Other Revenue $0

TOTAL REVENUE $9,671

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $11,461

Other Expenses $27,152

TOTAL EXPENSES $27,152

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,671	$7,102	+0.4%
Expenses	$27,152	$29,258	-0.1%
Net Income	$-17,481	$-22,156	-0.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHIL MINDEN	President	1.00	Officer Director	$0	$0	$0
MARK BARNETT	Secretary	1.00	Officer Director	$0	$0	$0
SAUNDRA MOSS	BOD	1.00	Director	$0	$0	$0
PATRICK BROWN	BOD	1.00	Director	$0	$0	$0
ANTHONY TROTTER	BOD	1.00	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	No data	No data	No data	No data
2023	$9,671	$27,152	$2,144,537	$-17,481
2022	$7,102	$29,258	$2,162,072	$-22,156
2021	$10,764	$79,225	$2,184,588	$-68,461
2020	$6,240	$15,292	$2,252,724	$-9,052
2019	$10,015	$33,223	$2,274,074	$-23,208
2018	$112,766	$39,886	$2,298,070	$72,880

FOREST PARK SOUTHEAST DEVELOPMENT CORPORATION