MID EAST DEVELOPMENT CORPORATION (EIN 561701175) - 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

1991

Legal Domicile

Principal Officer

SHERRI BUNCH

Phone

2529741853

Tax Period

2024-07-01 to 2025-06-30

MID EAST DEVELOPMENT CORPORATION, founded in 1991, is a small nonprofit in the Housing & Shelter sector that reported $348K in total revenue in fiscal year 2024.

Mission

FACILITATE AFFORDABLE HOUSING FOR THE ELDERLY.

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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 $110,342

Program Service Revenue $237,568

Investment Income $405

Other Revenue $0

TOTAL REVENUE $348,315

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $271,624

Other Expenses $354,463

TOTAL EXPENSES $354,463

Year-over-Year Comparison

	2024	2023	Change
Revenue	$348,315	$335,231	+0.0%
Expenses	$354,463	$331,861	+0.1%
Net Income	$-6,148	$3,370	-2.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRYANT BUCK	EXECUTIVE DIRECTOR	1.00	Officer	$0	$0	$0
ANNETTE EUBANKS	SECRETARY	1.00	Officer	$0	$0	$0
SHERRI BUNCH	FINANCE OFFICER	1.00	Officer	$0	$0	$0
ED BOOTH	COMMISSIONER	1.00	Officer	$0	$0	$0
DINA HARRELL	1ST VICE CHAIR	1.00	Officer	$0	$0	$0
GLORIA BRYANT	CHAIR	1.00	Officer	$0	$0	$0
CHARLOTTE GRIFFIN	EX OFFICIO	1.00	Officer	$0	$0	$0
ALICE LANGLEY	SECRETARY	1.00	Officer	$0	$0	$0
RONALD WESSON	2ND VICE CHAIR	1.00	Officer	$0	$0	$0
DEMPSEY BOND	COMMISSIONER	1.00	Officer	$0	$0	$0
RACHEL CRADDOCK	TREASURER	1.00	Officer	$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	$348,315	$354,463	$1,094,527	$-6,148
2024	$335,231	$331,861	$1,122,368	$3,370
2023	$326,579	$335,825	$1,154,111	$-9,246
2022	$315,512	$338,494	$1,189,639	$-22,982
2021	$316,877	$320,783	$1,246,257	$-3,906

MID EAST DEVELOPMENT CORPORATION