MPOWER DEVELOPMENT CORP (EIN 462668689) - 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

2013

Legal Domicile

Principal Officer

KEVIN NOEL

Phone

2152327272

Tax Period

2024-07-01 to 2025-06-30

MPOWER DEVELOPMENT CORP, founded in 2013, is a small nonprofit in the Religion sector that reported $784K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $218K, a strong 28% operating margin.

Mission

THE CORPORATION'S MISSION IS TO HOLD TITLE TO PROPERTY, COLLECT RENT THEREFROM AND TURN OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO AN ORGANIZATION WHICH ITSELF IS EXEMPT UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

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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 $378,798

Investment Income $405,162

Other Revenue $0

TOTAL REVENUE $783,960

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,077,353

Other Expenses $566,339

TOTAL EXPENSES $566,339

Year-over-Year Comparison

	2024	2023	Change
Revenue	$783,960	$632,519	+0.2%
Expenses	$566,339	$343,888	+0.6%
Net Income	$217,621	$288,631	-0.2%

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

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

$615,797

Total Directors

$615,797

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNA BULLOCK	PRESIDENT	0.50	Officer Director	$0	$0	$125,398
KEVIN NOEL	TREASURER	0.50	Officer Director	$0	$33,305	$264,342
JANET STEARNS	SECRETARY	0.50	Officer Director	$0	$10,345	$226,057
PROPERTY MANAGER	DIRECTOR	10.00	Director	$0	$0	$0
SISTER MARY SCULLION	PRESIDENT	0.50		$0	$63,996	$406,385

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
2025	$783,960	$566,339	$12,984,535	$217,621
2024	$632,519	$343,888	$13,369,348	$288,631
2023	$657,001	$362,618	$13,614,993	$294,383
2022	$930,917	$772,157	$12,617,253	$158,760
2021	$15,455,194	$847,412	$13,067,462	$14,607,782
2020	$893,738	$1,100,982	$13,227,578	$-207,244
2019	$903,138	$1,127,202	$13,717,144	$-224,064

MPOWER DEVELOPMENT CORP