MPB INC (EIN 541346393) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1981

Legal Domicile

Principal Officer

AUBREY L LAYNE

Phone

7574557020

Tax Period

2023-01-01 to 2023-12-31

MPB INC, founded in 1981, is a mid-sized nonprofit in the Community Improvement sector that reported $39.0M in total revenue in fiscal year 2018. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.4M, a strong 24% operating margin.

Mission

MPB IS ORGANIZED SOLELY TO HOLD TITLE TO PROPERTY AND TURNS NET INCOME OVER TO SENTARA ENTERPRISES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $77,787,072

Investment Income $25,137

Other Revenue $643,608

TOTAL REVENUE $78,455,817

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $66,184,526

Other Expenses $66,184,526

TOTAL EXPENSES $66,184,526

Year-over-Year Comparison

	2023	2022	Change
Revenue	$78,455,817	$73,954,140	+0.1%
Expenses	$66,184,526	$69,171,718	0.0%
Net Income	$12,271,291	$4,782,422	+1.6%

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

N/A

Employees

N/A

Volunteers

N/A

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

$5,906,730

Total Directors

$8,682,417

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AUBREY L LAYNE	PRESIDENT & CHAIR	1.00	Officer Director	$0	$28,947	$1,858,759
ROBERT A BROERMANN	DIRECTOR/TREASURER	1.00	Officer Director	$0	$135,907	$2,809,597
MICHAEL V GENTRY	DIRECTOR (THROUGH 5/23)	1.00	Director	$0	$78,055	$2,220,921
MEGAN R PERRY	DIRECTOR (EFFECTIVE 5/23)	1.00	Director	$0	$186,150	$1,793,140
EARL J BARNES II	SECRETARY	1.00	Officer	$0	$143,768	$1,238,374
KURT HOFELICH	FORMER OFFICER	0.00		$0	$170,020	$825,419
LOUIS PATALANO IV	FORMER OFFICER	0.00		$0	$6	$210,875

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	$78,455,817	$66,184,526	$580,605,529	$12,271,291
2022	$73,954,140	$69,171,718	$497,563,189	$4,782,422
2021	$58,868,450	$46,152,471	$396,978,838	$12,715,979
2020	$54,605,592	$43,424,207	$402,926,291	$11,181,385
2019	$43,500,626	$31,902,928	$310,181,919	$11,597,698
2018	$38,953,552	$29,580,883	$277,800,851	$9,372,669

MPB INC