MPT FACILITY INC

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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

WILLIE BLALOCK III

Phone

9736210015

Tax Period

2024-07-01 to 2025-06-30

MPT FACILITY INC, founded in 2013, is a community nonprofit in the Community Improvement sector that reported $3.1M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $3.8M exceeded revenue, resulting in a 20% operating deficit.

Mission

MPT FACILITY, INC. ("MPT FACILITY"), A NEW JERSEY NON-PROFIT CORPORATION WAS ESTABLISHED TO ASSIST FRIENDS OF MARION P. THOMAS AND THE MARION P. THOMAS SCHOOL IN THE DEVELOPMENT AND FINANCING OF PUBLIC SCHOOL FACILITIES.

Program Service Accomplishments

Program 1

Expenses: $3,039,333 Revenue: $1,446,839

MPT FACILITY PROVIDED THE MARION P. THOMAS CHARTER SCHOOL WITH A NEW STATE-OF-THE-ART BUILDINGS FOR ITS CHARTER SCHOOL OPERATIONS AT SUSSEX AVE. NEWARK, NJ. THE SCHOOL FACILITIES MEET THE...

MPT FACILITY PROVIDED THE MARION P. THOMAS CHARTER SCHOOL WITH A NEW STATE-OF-THE-ART BUILDINGS FOR ITS CHARTER SCHOOL OPERATIONS AT SUSSEX AVE. NEWARK, NJ. THE SCHOOL FACILITIES MEET THE REQUIREMENTS OF THE CHARTER SCHOOL TO PROVIDE A SUITABLE SCHOOL ENVIRONMENT FOR ITS HIGHSCHOOL STUDENTS. THROUGHOUT 2025, MPT FACILITY MAINTAINED THE BUILDING AND CARRIED OUT NECESSARY INSPECTIONS, REPAIRS AND MET COMPLIANCE WITH BUILDING CODES APPLICABLE TO SCHOOLS.

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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 $1,589,425

Program Service Revenue $1,446,839

Investment Income $95,115

Other Revenue $0

TOTAL REVENUE $3,131,379

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,039,333

Other Expenses $3,758,266

TOTAL EXPENSES $3,758,266

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,131,379	$2,797,364	+0.1%
Expenses	$3,758,266	$3,961,004	-0.1%
Net Income	$-626,887	$-1,163,640	-0.5%

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

$32,927

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV GARVEY INCE	EXEC DIR UNT	20.00	Officer	$0	$1,677	$32,927
WILLIE BLALOCK III	PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD VIESER	1ST VICE PRE	1.00	Officer Director	$0	$0	$0
EDWARD BUTLER	2ND VICE PRE	1.00	Officer Director	$0	$0	$0
BRIAN HANKERSON	TREASURER	1.00	Officer Director	$0	$0	$0
DIANE JOHNSON	MEMBER	1.00	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
2025	$3,131,379	$3,758,266	$28,129,998	$-626,887
2024	No data	No data	No data	No data
2023	$2,652,437	$3,982,944	$28,350,313	$-1,330,507
2021	$1,327,699	$2,010,891	$27,105,188	$-683,192
2020	$2,660,745	$4,029,365	$27,462,174	$-1,368,620
2019	$2,518,217	$4,578,096	$27,628,033	$-2,059,879
2018	$2,376,075	$4,057,640	$28,689,892	$-1,681,565