GREENWOOD COMMUNITY DEVELOPMENT CO… - Form 990 Financial Data

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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

2014

Legal Domicile

Principal Officer

Michelle Straumins

Phone

3178880494

Tax Period

2024-01-01 to 2024-12-31

GREENWOOD COMMUNITY DEVELOPMENT CORPORATION, founded in 2014, is a micro nonprofit in the Community Improvement sector that reported $91K in total revenue in fiscal year 2024. Revenue fell 48% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $60K, a strong 66% operating margin.

Mission

TO SUPPORT AND ASSIST WITH ECONOMIC AND REDEVELOPMENT ACTIVITIES AND PROJECTS DESIGNED TO STIMULATE CAPITAL INVESTMENTS, REVITALIZATION AND IMPROVEMENT OF PUBLIC AND OTHER SPACES WITHIN THE CITY. IMPROVING THE SOCIAL, CULTURAL, AND ECONOMIC CONDITIONS OF OUR RESIDENTS THROUGH THESE ACTIVITIES AND PROJECTS.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

GROW PROGRAM - DISTRIBUTION OF GRANT MONIES TO LOCAL BUSINESSES WITHIN THE CITY OF GREENWOOD FOR REVITALIZATION OF PROPERTY.

Program 2

Expenses: $31,178 Revenue: $91,162

MAINTENANCE, IMPROVEMENT, UTILITIES AND REPAIR OF CITY OF GREENWOOD RENTAL PROPERTIES. CURRENT RENTERS - BRANCH OF UNITED STATES POSTAL OFFICE AND LEASED OFFICE SPACE IN THE CITY OF GREENWOOD...

MAINTENANCE, IMPROVEMENT, UTILITIES AND REPAIR OF CITY OF GREENWOOD RENTAL PROPERTIES. CURRENT RENTERS - BRANCH OF UNITED STATES POSTAL OFFICE AND LEASED OFFICE SPACE IN THE CITY OF GREENWOOD ADMINISTRATIVE BUILDING

Program 3

Expenses: $0 Revenue: $0

REVITALIZATION OF GREENWOOD - REVITALIZING GREENWOOD TO PROMOTE ECONOMIC DEVELOPMENT AND REDEVELOPMENT WITHIN 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $91,162

TOTAL REVENUE $91,162

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $31,178

Other Expenses $31,178

TOTAL EXPENSES $31,178

Year-over-Year Comparison

	2024	2023	Change
Revenue	$91,162	$175,020	-0.5%
Expenses	$31,178	$127,758	-0.8%
Net Income	$59,984	$47,262	+0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
MICHELLE STRAUMINS	DIRECTOR	Officer	$0	$0	$0
LEANNE LOLLAR	OFFICER	Officer	$0	$0	$0
PAUL ST PIERRE	OFFICER	Officer	$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
2024	$91,162	$31,178	$359,291	$59,984
2023	$175,020	$127,758	$299,307	$47,262
2022	$351,327	$104,017	$252,045	$247,310
2021	$226,047	$226,047	$4,735	No data
2020	$261,381	$308,634	$4,735	$-47,253

GREENWOOD COMMUNITY DEVELOPMENT CORPORATION