MOUNT VERNON DEVELOPMENT COMPANY INC (EIN 475380096) - 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

2015

Legal Domicile

Principal Officer

KIM ROSE

Phone

7403924940

Tax Period

2019-01-01 to 2019-12-31

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.

Mission

THE PURPOSE OF THE CORPORATION SHALL BE TO SUPPORT CIVIC RENOVATION EFFORTS IN MOUNT VERNON, OHIO, AND IN DOING SO, LESSEN THE BURDENS OF GOVERNMENT, AND TO RECEIVE DONATIONS CONSISTENT WITH THE PURPOSES OF THE CORPORATION.

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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 (2019)

Revenue Breakdown

Contributions & Grants $8,923,459

Program Service Revenue $0

Investment Income $36,573

Other Revenue $6,885

TOTAL REVENUE $8,966,917

Expense Breakdown

Grants Paid $2,091,008

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,145,216

Other Expenses $1,057,939

TOTAL EXPENSES $3,148,947

Year-over-Year Comparison

	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%

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

Total Directors

Key Employees

Highest Compensated

reported

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

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
2019	$8,966,917	$3,148,947	$8,095,610	$5,817,970
2018	$236,305	$197,157	$2,342,217	$39,148

MOUNT VERNON DEVELOPMENT COMPANY INC