MOUNT VERNON, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MOUNT VERNON DEVELOPMENT COMPANY INC, founded in 2015, is a community nonprofit that reported $9.0M in total revenue in fiscal year 2019. Revenue surged 3695% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.8M, a strong 65% operating margin.
TO SUPPORT CIVIC RENOVATION EFFORTS IN MOUNT VERNON, OHIO, AND IN DOING SO, LESSEN THE BURDENS OF GOVERNMENT, AND TO RECEIVE DONATIONS AND MAKE GRANTS AND GIFTS CONSISTENT WITH THE PURPOSES OF THE CORPORATION.
THE MOUNT VERNON DEVELOPMENT COMPANY HAS BEEN ACTIVE IN THE ACQUISITION OF PROPERTIES IN DOWNTOWN MOUNT VERNON THAT WERE IN A STATE OF DISREPAIR. SOME UPGRADES TO THOSE PROPERTIES HAVE BEEN COMPLETED...
THE MOUNT VERNON DEVELOPMENT COMPANY HAS BEEN ACTIVE IN THE ACQUISITION OF PROPERTIES IN DOWNTOWN MOUNT VERNON THAT WERE IN A STATE OF DISREPAIR. SOME UPGRADES TO THOSE PROPERTIES HAVE BEEN COMPLETED AND OTHERS ARE PRESENTLY UNDERWAY. IN ADDITION, THE MOUNT VERNON DEVELOPMENT COMPANY ACQUIRED DILAPIDATED PROPERTIES AND CONSTRUCTED FOUR PARKING AREAS ADJACENT TO DOWNTOWN ON THOSE PROPERTIES. HAVING PARKING AVAILABLE IS CRITICAL TO THE LONG-TERM VIABILITY OF DOWNTOWN MOUNT VERNON. THESE LOTS ARE AVAILABLE TO THE PUBLIC AND WILL ALSO BE UTILIZED BY THE FOLLOWING ORGANIZATIONS WHICH RECENTLY RENOVATED PROPERTIES IN DOWNTOWN MOUNT VERNON: KNOX COMMUNITY HOSPITAL, MOUNT VERNON NAZARENE UNIVERSITY, AND KENYON COLLEGE. HAVING EMPLOYEES AND STUDENTS LOCATED IN DOWNTOWN MOUNT VERNON BRINGS CONSUMERS TO A FORMERLY INACTIVE DOWNTOWN. THE WORK AND INVESTMENTS OF THE MOUNT VERNON DEVELOPMENT COMPANY HAVE RESULTED IN A SIGNIFICANT ECONOMIC IMPACT TO THE CITY OF MOUNT VERNON AND ITS REGROWTH.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2019 | 2018 | Change | |
|---|---|---|---|
| Revenue | $8,966,917 | $236,305 | +36.9% |
| Expenses | $3,148,947 | $197,157 | +15.0% |
| Net Income | $5,817,970 | $39,148 | +147.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KIM ROSE | PRESIDENT | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| JODI PURSEL | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KURT SCHISLER | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARK R RAMSER | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JENNIFER ODENWELLER | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2019 | $8,966,917 | $3,148,947 | $8,095,610 | $5,817,970 |
| 2018 | $236,305 | $197,157 | $2,342,217 | $39,148 |
Compare MOUNT VERNON DEVELOPMENT COMPANY INC with other nonprofits in Ohio and across the country.