LAUREL REDEVELOPMENT CORPORATION (EIN 510344804) - 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

1992

Legal Domicile

Principal Officer

BARRY MORRISON

Phone

3028750601

Tax Period

2024-07-01 to 2025-06-30

LAUREL REDEVELOPMENT CORPORATION, founded in 1992, is a micro nonprofit in the Community Improvement sector that reported $66K in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $88K exceeded revenue, resulting in a 33% operating deficit.

Mission

REVITALIZING DOWNTOWN LAUREL, DE

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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 $35,900

Program Service Revenue $0

Investment Income $21,370

Other Revenue $8,515

TOTAL REVENUE $65,785

Expense Breakdown

Grants Paid $3,965

Salaries & Benefits $86,600

Fundraising Expenses $0

Program Expenses $87,566

Other Expenses $-2,999

TOTAL EXPENSES $87,566

Year-over-Year Comparison

	2024	2023	Change
Revenue	$65,785	$100,146	-0.3%
Expenses	$87,566	$83,467	+0.0%
Net Income	$-21,781	$16,679	-2.3%

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

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

$75,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN SHANNON	EXECUTIVE DI	40.00	Director	$75,000	$0	$75,000
EDWARD L FOWLER	DIRECTOR	N/A	Director	$0	$0	$0
ANN LEE	SECRETARY	N/A	Officer Director	$0	$0	$0
EDWARD LEWANDOWSKI	DIRECTOR	N/A	Director	$0	$0	$0
BILL MCGOWAN	DIRECTOR	N/A	Director	$0	$0	$0
BARRY MORRISON	PRESIDENT	10.00	Officer Director	$0	$0	$0
MATT PARKER	DIRECTOR	N/A	Director	$0	$0	$0
H DONOVAN PHILLIPS	VICE-PRESIDE	N/A	Officer Director	$0	$0	$0
MELINDA TINGLE	DIRECTOR	N/A	Director	$0	$0	$0
ARTEZ WEST	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT WHEATLEY	DIRECTOR	N/A	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
2025	$65,785	$87,566	$5,395,274	$-21,781
2024	$100,146	$83,467	$4,742,885	$16,679
2023	$534,965	$288,060	$4,073,949	$246,905
2022	$1,029,394	$156,755	$3,812,772	$872,639
2021	$-229,086	$120,213	$2,954,515	$-349,299
2020	$36,699	$121,384	$3,423,073	$-84,685
2019	$477,224	$267,095	$3,433,235	$210,129

LAUREL REDEVELOPMENT CORPORATION