EAST MARKET STREET DEVELOPMENT CORPORATION (EIN 562039492) - 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

1997

Legal Domicile

Principal Officer

MACARTHUR SIMS

Phone

3362751101

Tax Period

2024-01-01 to 2024-12-31

EAST MARKET STREET DEVELOPMENT CORPORATION, founded in 1997, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 89% from the prior year, signaling strong growth momentum. The organization ran a surplus of $565K, a strong 50% operating margin.

Mission

OFFERS COMPREHENSIVE REVITALIZATION SERVICES IN EAST GREENSBORO, NC THAT CREATE AND SUSTAIN ASSETS THROUGH ECONOMIC, BUSINESS AND COMMUNITY DEVELOPMENT SERVICES AND PROGRAMS THE CORPORATION IS HELPING REBUILD THE BUSINESS COMMUNITY IN EAST GREENSBORO THROUGH TWO OF ITS COMMITTEES, THE BUSINESS DEVELOPMENT COMMITTEE (BDC) AND THE ECONOMIC REVITALIZATION COMMITTEE (ERC)

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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 $861,797

Program Service Revenue $263,202

Investment Income $33

Other Revenue $4,730

TOTAL REVENUE $1,129,762

Expense Breakdown

Grants Paid $0

Salaries & Benefits $226,144

Fundraising Expenses $17,719

Program Expenses $485,922

Other Expenses $338,273

TOTAL EXPENSES $564,417

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,129,762	$598,535	+0.9%
Expenses	$564,417	$478,458	+0.2%
Net Income	$565,345	$120,077	+3.7%

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

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

$100,000

Total Directors

$100,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MACARTHUR SIMS	EXECUTIVE DIRECTOR	40.00	Officer Director	$100,000	$0	$100,000
ANDRENA COLEMAN	CHAIRMAN	0.50	Director	$0	$0	$0
CARL W BROWER JR	VICE CHAIRMAN	0.50	Director	$0	$0	$0
LADANIEL GATLING II	TREASURER	0.25	Director	$0	$0	$0
CHARLENE Y ARMSTRONG	SECRETARY	0.25	Director	$0	$0	$0
SHARON HIGHTOWER	DIRECTOR	0.25	Director	$0	$0	$0
G MARK PRINCE	DIRECTOR	0.25	Director	$0	$0	$0
J BRENT CHRISTENSEN	DIRECTOR	0.25	Director	$0	$0	$0
TIMOTHY MINOR	DIRECTOR	0.25	Director	$0	$0	$0
FRANKIE JONES	DIRECTOR	0.25	Director	$0	$0	$0
GOLDIE WELLS	DIRECTOR	0.25	Director	$0	$0	$0
ERNESTINE SURGEON	DIRECTOR	0.25	Director	$0	$0	$0
RODVEGAS INGRAM	DIRECTOR	0.25	Director	$0	$0	$0
PHANALPHIE RHUE	DIRECTOR	0.25	Director	$0	$0	$0
JAY JUNG	DIRECTOR	0.25	Director	$0	$0	$0
BETTY WATSON	DIRECTOR	0.25	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	$1,129,762	$564,417	$2,636,560	$565,345
2023	$598,535	$478,458	$2,104,445	$120,077
2022	$366,906	$484,635	$2,028,344	$-117,729
2021	$454,528	$458,542	$2,504,446	$-4,014
2020	$390,784	$473,172	$2,326,811	$-82,388
2019	$483,385	$527,739	$2,542,088	$-44,354
2018	$659,766	$453,805	$2,415,938	$205,961

EAST MARKET STREET DEVELOPMENT CORPORATION