VERMONT AVENUE BAPTIST CHURCH DEVELOPMENT CORPORATION (EIN 450583218) - 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

2007

Legal Domicile

Principal Officer

Rahman Stringfield

Phone

2026671078

Tax Period

2024-01-01 to 2024-12-31

VERMONT AVENUE BAPTIST CHURCH DEVELOPMENT CORPORATION, founded in 2007, is a small nonprofit in the Human Services sector that reported $188K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $171K left a modest 9% surplus.

Mission

The Corporation was organized to combat community deterioration by assisting, promoting and encouraging development of affordable and senior housing and revitalization of blighted areas; enhance the quality of life in the community; and provide workforce and skills development for the disadvantaged.

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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 $0

Program Service Revenue $187,894

Investment Income $0

Other Revenue $0

TOTAL REVENUE $187,894

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $170,802

Other Expenses $170,802

TOTAL EXPENSES $170,802

Year-over-Year Comparison

	2024	2023	Change
Revenue	$187,894	$172,883	+0.1%
Expenses	$170,802	$186,182	-0.1%
Net Income	$17,092	$-13,299	-2.3%

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

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
Rahman A Stringfield	President	1	Officer Director	$0	$0	$0
Alfred A Martin	Secretary	1	Officer Director	$0	$0	$0
Betty J Holden	Treasurer	1	Officer Director	$0	$0	$0
Sabina M Lofty	Registered Agent	1	Officer 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	$187,894	$170,802	$742,418	$17,092
2023	$172,883	$186,182	$768,192	$-13,299
2022	$162,226	$171,896	$804,907	$-9,670
2021	$118,215	$144,109	$838,375	$-25,894
2020	$100,301	$147,107	$861,901	$-46,806

VERMONT AVENUE BAPTIST CHURCH DEVELOPMENT CORPORATION