METROPOLITAN COMMUNITY AND ECONOMIC DEVELOPMENT CORP (EIN 431925999) - 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

2001

Legal Domicile

Principal Officer

DEWAYNE BRIGHT

Phone

8169233689

Tax Period

2023-01-01 to 2023-12-31

METROPOLITAN COMMUNITY AND ECONOMIC DEVELOPMENT CORP, founded in 2001, is a micro nonprofit in the Community Improvement sector that reported $37K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $68K exceeded revenue, resulting in a 83% operating deficit.

Mission

TO PROVIDE LOW TO MODERATE HOUSING WITHIN THE URBAN 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 $36,958

Investment Income $0

Other Revenue $0

TOTAL REVENUE $36,958

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $66,847

Other Expenses $67,786

TOTAL EXPENSES $67,786

Year-over-Year Comparison

	2023	2022	Change
Revenue	$36,958	$30,528	+0.2%
Expenses	$67,786	$80,381	-0.2%
Net Income	$-30,828	$-49,853	-0.4%

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
DEWAYNE BRIGHT SR	CHAIRMAN	10.00	Officer Director	$0	$0	$0
FORESTAL LAWTON	BOARD MEMBER	5.00	Officer Director	$0	$0	$0
ORMER ROGERS	SECRETARY	5.00	Officer Director	$0	$0	$0
RICK BELL	BOARD MEMBER	2.00	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	$36,958	$67,786	$55,046	$-30,828
2022	$30,528	$80,381	$96,728	$-49,853
2021	$39,899	$31,948	$345,835	$7,951
2020	$38,649	$37,396	$324,393	$1,253
2019	$33,754	$35,156	$337,605	$-1,402
2018	$48,450	$46,737	$356,451	$1,713

METROPOLITAN COMMUNITY AND ECONOMIC DEVELOPMENT CORP