MIDDLETOWN MOVING FORWARD

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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

2005

Legal Domicile

Tax Period

2020-01-01 to 2020-12-31

MIDDLETOWN MOVING FORWARD, founded in 2005, is a micro nonprofit that reported $36K in total revenue in fiscal year 2020. Revenue fell 87% from the prior year — a significant decline worth monitoring. Expenses of $89K exceeded revenue, resulting in a 147% operating deficit.

Mission

Serve the City of Middletown by aiding in industrial, civil, commercial, distribution and research development in the City.

Program Service Accomplishments

Program 1

Expenses: $19,000 Revenue: $5,193

Provide assistance for commercial redevelopment of Torchlight Pass building

Program 2

Expenses: $4,000 Revenue: $6,958

Redevelopment of the downtown Goetz Tower for commercial and residential purposes

Program 3

Expenses: $1,000 Revenue: $21,190

Improvements to Hook Drive

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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 (2020)

Revenue Breakdown

Contributions & Grants $2,500

Program Service Revenue $28,758

Investment Income $4,583

Other Revenue $0

TOTAL REVENUE $35,841

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $24,000

Other Expenses $88,520

TOTAL EXPENSES $88,520

Year-over-Year Comparison

	2020	2019	Change
Revenue	$35,841	$274,935	-0.9%
Expenses	$88,520	$103,613	-0.1%
Net Income	$-52,679	$171,322	-1.3%

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

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

$30,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ken Cohen	Board President	4.00	Officer Director	$0	$0	$0
James B Kleingers	Treasurer	2.00	Officer Director	$0	$0	$0
Rick Pearce	Board Trustee	1.00	Director	$0	$0	$0
Greg Martin	Board Vice-President	1.00	Officer Director	$0	$0	$0
Matt Eisenbraun	Board Trustee	1.00	Director	$0	$0	$0
Mike Stautberg	Board Trustee	1.00	Director	$0	$0	$0
Shelby Quinlivan	Board Trustee	1.00	Director	$0	$0	$0
Dan Nix	Board Trustee	1.00	Director	$0	$0	$0
Tal Moon	Board Trustee	1.00	Director	$0	$0	$0
Traci Barnett	Board Trustee	1.00	Director	$0	$0	$0
Nicole Condrey	Board Trustee	1.00	Director	$0	$0	$0
Joe Mulligan	Board Trustee	1.00	Director	$0	$0	$0
Chris Xeil Lyons	Board Trustee	1.00	Director	$0	$0	$0
Jim Palenick	Board Trustee	1.00	Director	$0	$0	$0
Jim Papakirk	Board Trustee	1.00	Director	$0	$0	$0
Debbie Garitson	Secretary	2.00	Officer	$0	$0	$0
Calista Smith	Executive Director	12.00	Officer	$30,000	$0	$30,000

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
2020	$35,841	$88,520	$799,383	$-52,679