HARDESTY RENAISSANCE ECONOMIC DEV CORP (EIN 453190226) - 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

2011

Legal Domicile

Principal Officer

SZE LEONG YU

Phone

9135583523

Tax Period

2023-01-01 to 2023-12-31

HARDESTY RENAISSANCE ECONOMIC DEV CORP, founded in 2011, is a micro nonprofit in the Community Improvement sector that reported $648 in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $288K exceeded revenue, resulting in a 44317% operating deficit.

Mission

TO COMPLETE A LONG-TERM DEVELOPMENT OF THE FORMER FEDERAL HARDESTY COMPLEX AT HARDESTY AND INDEPENDENCE AVENUES IN KANSAS CITY, MISSOURI.

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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 $0

Investment Income $0

Other Revenue $648

TOTAL REVENUE $648

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $287,825

TOTAL EXPENSES $287,825

Year-over-Year Comparison

	2023	2022	Change
Revenue	$648	$1,316	-0.5%
Expenses	$287,825	$171,617	+0.7%
Net Income	$-287,177	$-170,301	+0.7%

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

N/A

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

$611,674

Total Directors

$611,674

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SZE LEONG YU	President	1.00	Officer Director	$0	$10,805	$289,850
HSUEH LAM YAN	Secretary	1.00	Officer Director	$0	$1,776	$180,057
MY T CHANG	Vice President	1.00	Officer Director	$0	$1,907	$141,767

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	$648	$287,825	$4,579,874	$-287,177
2022	$1,316	$171,617	$4,600,521	$-170,301
2021	$200,682	$219,816	$4,583,861	$-19,134
2020	No data	$406,698	$4,789,593	No data
2019	$760	$225,609	$3,047,295	$-224,849
2018	$36,791	$707,598	$3,070,091	$-670,807

HARDESTY RENAISSANCE ECONOMIC DEV CORP