SASCO CREEK DEVELOPMENT CORPORATION (EIN 463843748) - 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

CAROL MARTIN

Phone

2032274672

Tax Period

2023-01-01 to 2023-12-31

SASCO CREEK DEVELOPMENT CORPORATION, founded in 2012, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.5M exceeded revenue, resulting in a 20% operating deficit.

Mission

SEE PAGE 2, PART III FOR A DETAILED DESCRIPTION OF THE CORPORATION'S MISSION.

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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 $962,797

Program Service Revenue $276,666

Investment Income $23,849

Other Revenue $13,452

TOTAL REVENUE $1,276,764

Expense Breakdown

Grants Paid $0

Salaries & Benefits $283,263

Fundraising Expenses $0

Program Expenses $1,128,749

Other Expenses $1,243,753

TOTAL EXPENSES $1,527,016

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,276,764	$1,164,196	+0.1%
Expenses	$1,527,016	$1,440,598	+0.1%
Net Income	$-250,252	$-276,402	-0.1%

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

$165,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID A NEWBERG	PRESIDENT	0.40	Officer Director	$0	$0	$0
KATHRYN KNAPP	TREASURER	0.40	Officer Director	$0	$0	$0
BARBARA BUTLER	DIRECTOR	0.40	Director	$0	$0	$0
CAROL MARTIN	EXECUTIVE DIRECTOR	5.00	Officer	$0	$0	$165,000

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
2024	No data	No data	No data	No data
2023	$1,276,764	$1,527,016	$18,293,211	$-250,252
2022	$1,164,196	$1,440,598	$17,898,311	$-276,402
2021	$1,293,867	$1,249,388	$19,656,489	$44,479
2020	$1,089,797	$1,286,180	$19,476,523	$-196,383
2019	$1,182,140	$1,380,794	$19,113,530	$-198,654
2018	$1,116,718	$1,230,430	$18,802,423	$-113,712

SASCO CREEK DEVELOPMENT CORPORATION