MT CARMEL REDEVELOPMENT CORPORATION INC (EIN 481160735) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

DEANNA BEACON

Phone

9136214111

Tax Period

2023-01-01 to 2023-12-31

MT CARMEL REDEVELOPMENT CORPORATION INC, founded in 1994, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $174K, a strong 15% operating margin.

Mission

IMPROVE NORTHEAST WYANDOTTE COUNTY THROUGH COMMUNITY REVITALIZATION AND ECONOMIC DEVELOPMENT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,099,627

Program Service Revenue $44,615

Investment Income $0

Other Revenue $93

TOTAL REVENUE $1,144,335

Expense Breakdown

Grants Paid $241,960

Salaries & Benefits $496,376

Fundraising Expenses $43,668

Program Expenses $672,756

Other Expenses $198,414

TOTAL EXPENSES $970,250

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,144,335	$1,057,551	+0.1%
Expenses	$970,250	$925,697	+0.0%
Net Income	$174,085	$131,854	+0.3%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

144

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

$144,082

Total Directors

$144,082

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAMELA S SMART	EXECUTIVE DIRECTOR	45.00	Officer Director	$81,487	$2,445	$83,932
BRANDON THOMAS	FINANCIAL ACCOUNTS MANAGER	40.00	Officer Director	$60,150	$0	$60,150
DEANNA BEASON	PRESIDENT	1.00	Officer Director	$0	$0	$0
GEORGE GUILBEAUX	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES WHITE	SECRETARY	1.00	Officer Director	$0	$0	$0
MARIA PORTA	TREASURER	1.00	Officer Director	$0	$0	$0
EVELIAN T CORNISH	BOARD MEMBER (TERM START 8/1/23)	1.00	Director	$0	$0	$0
JASON SIMS	BOARD MEMBER (TERM START 8/1/23)	1.00	Director	$0	$0	$0
SHEILA JONES - STARKS	BOARD MEMBER	1.00	Director	$0	$0	$0
DR JAYSON STRICKLAND	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICE E TOWNSEND	BOARD MEMBER (TERM START 8/1/23)	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
2024	No data	No data	No data	No data
2023	$1,144,335	$970,250	$2,487,504	$174,085
2022	$1,057,551	$925,697	$2,110,738	$131,854
2021	$963,203	$699,679	$2,000,628	$263,524
2020	$630,623	$535,642	$1,486,099	$94,981
2019	$484,313	$405,386	$1,331,160	$78,927
2018	$453,467	$388,809	$1,363,314	$64,658

MT CARMEL REDEVELOPMENT CORPORATION INC