NEWARK DEVELOPMENT PARTNERS (EIN 461551173) - 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

2012

Legal Domicile

Principal Officer

NOBLE B SNOW III

Phone

7403499340

Tax Period

2023-01-01 to 2023-12-31

NEWARK DEVELOPMENT PARTNERS, founded in 2012, is a community nonprofit in the Community Improvement sector that reported $3.3M in total revenue in fiscal year 2023. Revenue surged 281% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 64% operating margin.

Mission

TO LESSEN THE BURDENS OF CITY GOVERNMENT AND TO ALLEVIATE POVERTY IN THE LOCAL AREA BY INCENTIVIZING INVESTMENTS IN THE CITY OF NEWARK, OHIO, IN ORDER TO PROMOTE AND SUSTAIN ECONOMIC DEVELOPMENT, CREATE JOBS AND FURTHER IMPROVE THE BUSINESS, INDUSTRIAL AND RESIDENTIAL LIVING AREAS OF THE CITY.

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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 $2,425,498

Program Service Revenue $690,611

Investment Income $1,886

Other Revenue $182,751

TOTAL REVENUE $3,300,746

Expense Breakdown

Grants Paid $0

Salaries & Benefits $225,046

Fundraising Expenses $0

Program Expenses $1,159,316

Other Expenses $968,597

TOTAL EXPENSES $1,193,643

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,300,746	$866,644	+2.8%
Expenses	$1,193,643	$715,760	+0.7%
Net Income	$2,107,103	$150,884	+13.0%

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

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

$167,569

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL DELAWDER	CHAIRMAN	10.00	Officer Director	$0	$0	$0
BRIAN MOREHEAD	DIRECTOR	1.00	Director	$0	$0	$0
DAVID RHODES	DIRECTOR	1.00	Director	$0	$0	$0
NOBLE SNOW	TREASURER	5.00	Officer Director	$0	$0	$0
MARY ALBRIGHT	VICE CHAIRMAN	5.00	Officer Director	$0	$0	$0
STEVE LAYMAN	SECRETARY	5.00	Officer Director	$0	$0	$0
JENNIFER MCCDONALD	DIRECTOR	1.00	Director	$0	$0	$0
VERONICA PATTON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN UIBLE	DIRECTOR	1.00	Director	$0	$0	$0
FRED ERNEST	EXECUTIVE DIRECTOR	40.00	Officer	$162,688	$4,881	$167,569

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	$3,300,746	$1,193,643	$14,486,412	$2,107,103
2022	$866,644	$715,760	$12,379,098	$150,884
2021	$7,291,964	$302,733	$11,575,010	$6,989,231
2020	$2,811,099	$333,037	$4,549,931	$2,478,062
2018	$585,325	$261,539	$1,917,046	$323,786

NEWARK DEVELOPMENT PARTNERS