Madisonville Community Urban Redevelopment Corporation (EIN 510178908) - 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

1975

Legal Domicile

Principal Officer

Naima Clark

Phone

5136046458

Tax Period

2023-01-01 to 2023-12-31

Madisonville Community Urban Redevelopment Corporation, founded in 1975, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $126K in total revenue in fiscal year 2023. Revenue surged 181% from the prior year, signaling strong growth momentum. Expenses of $167K exceeded revenue, resulting in a 33% operating deficit.

Mission

Advancing Madisonville through inclusive comprehensive community development

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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 $93,833

Program Service Revenue $0

Investment Income $0

Other Revenue $32,174

TOTAL REVENUE $126,007

Expense Breakdown

Grants Paid $0

Salaries & Benefits $122

Fundraising Expenses $0

Program Expenses $124,631

Other Expenses $167,114

TOTAL EXPENSES $167,236

Year-over-Year Comparison

	2023	2022	Change
Revenue	$126,007	$44,769	+1.8%
Expenses	$167,236	$198,126	-0.2%
Net Income	$-41,229	$-153,357	-0.7%

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

$22,078

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Cervay	Interim Executive Director	10.00	Officer	$9,866	$0	$9,866
STAR LLC	Contract Accountant	5.00	Officer	$12,212	$0	$12,212
Naima Clarke	President	5.00	Officer Director	$0	$0	$0
Kat Pepmeyer	Secretary	1.00	Officer Director	$0	$0	$0
Sara Sheets	Treasurer	5.00	Officer Director	$0	$0	$0
Jim Whiteside	Member	1.00	Director	$0	$0	$0
Ameen Bakare	Member	1.00	Director	$0	$0	$0
Ken Coggeshall	Member	1.00	Director	$0	$0	$0
Sean Mahaffey	Member (left 9/23)	1.00	Director	$0	$0	$0
Jessica Jeffreys	Member	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	$126,007	$167,236	$1,775,181	$-41,229
2022	$44,769	$198,126	$1,814,670	$-153,357
2021	$170,919	$270,738	$1,941,900	$-99,819
2020	$427,032	$332,950	$2,038,177	$94,082
2019	$426,820	$312,347	$1,985,114	$114,473
2018	$945,053	$384,151	$2,109,080	$560,902

Madisonville Community Urban Redevelopment Corporation