ESSEX COMMUNITY DEVELOPMENT CORPORATION

EIN: 521163806 501(c)(3)

ESSEX, MD

Total Revenue
$789,172
Total Expenses
$40,785
Total Assets
$836,188
Net Assets
$836,188
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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
1979
Legal Domicile
MD
Principal Officer
CHRISSY ERB
Tax Period
2024-07-01 to 2024-12-31

ESSEX COMMUNITY DEVELOPMENT CORPORATION, founded in 1979, is a small nonprofit that reported $789K in total revenue in fiscal year 2024. The organization ran a surplus of $748K, a strong 95% operating margin.

Mission

TO BUILD A STRONG, VIBRANT, ECONOMICALLY VIABLE COMMUNITY IN ESSEX, MARYLAND

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $789,172
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $789,172

Expense Breakdown

Grants Paid $21,274
Salaries & Benefits $17,373
Fundraising Expenses $0
Program Expenses $21,274
Other Expenses $2,138
TOTAL EXPENSES $40,785

Year-over-Year Comparison

2024 2023 Change
Revenue $789,172 N/A N/A
Expenses $40,785 N/A N/A
Net Income $748,387 N/A N/A
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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
10

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
0
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CLFFORD O'CONNELL CHAIR 005.00
Director
$0 $0 $0
SAM WEAVER VICE CHAIR 005.00
Director
$0 $0 $0
LISA HARLOW SECRETARY 005.00
Director
$0 $0 $0
NATHAN BARBO TREASURER 005.00
Director
$0 $0 $0
JOHN GONTRUM DIRECTOR 002.00
Director
$0 $0 $0
TONY PEARCE DIRECTOR 002.00
Director
$0 $0 $0
ROBERT ROMADKA DIRECTOR 002.00
Director
$0 $0 $0
KELLY COLEMAN DIRECTOR 002.00
Director
$0 $0 $0
SHARON KIHN DIRECTOR 002.00
Director
$0 $0 $0
CHRISSY ERB DIRECTOR 002.00
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 $789,172 $40,785 $836,188 $748,387
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