FRAMEWORKS COMMUNITY DEVELOPMENT CORPORATION INC (EIN 562492634) - 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

2004

Legal Domicile

Principal Officer

JOYCE MCDONALD

Phone

5123851500

Tax Period

2024-01-01 to 2024-12-31

FRAMEWORKS COMMUNITY DEVELOPMENT CORPORATION INC, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $273K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $579K exceeded revenue, resulting in a 112% operating deficit.

Mission

PROVIDE HOME BUYER EDUCATION AND COUNSELING, FORECLOSURE PREVENTION COUNSELING, FINANCIAL LITERACY EDUCATION TO LOW INCOME INDIVIDUALS, AND FACILITATE AFFORDABLE HOUSING INCLUDING HOME OWNERSHIP AND RENTAL.

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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 $83,509

Program Service Revenue $189,381

Investment Income $0

Other Revenue $0

TOTAL REVENUE $272,890

Expense Breakdown

Grants Paid $0

Salaries & Benefits $206,318

Fundraising Expenses $9,832

Program Expenses $499,558

Other Expenses $372,952

TOTAL EXPENSES $579,270

Year-over-Year Comparison

	2024	2023	Change
Revenue	$272,890	$321,714	-0.2%
Expenses	$579,270	$537,641	+0.1%
Net Income	$-306,380	$-215,927	+0.4%

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

$125,634

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOANN DEPENNING	CHAIR	0.50	Officer Director	$0	$0	$0
ROGER DAVIS	TREASURER	0.50	Officer Director	$0	$0	$0
REYNALDO VASQUEZ	SECRETARY	0.50	Officer Director	$0	$0	$0
EDIE PHILLIPS	VICE-CHAIR	0.50	Officer Director	$0	$0	$0
SHALANDA SMITH	BOARD MEMBER	0.50	Director	$0	$0	$0
JOYCE MCDONALD	EXECUTIVE DIRECTOR	50.00	Officer	$125,634	$0	$125,634

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	$272,890	$579,270	$1,748,361	$-306,380
2023	$321,714	$537,641	$2,079,372	$-215,927
2022	$326,212	$517,207	$2,341,196	$-190,995
2021	$598,187	$583,029	$2,576,513	$15,158
2020	$807,770	$539,968	$2,322,445	$267,802
2019	$612,944	$584,392	$1,973,794	$28,552
2018	$541,906	$653,383	$2,133,936	$-111,477
2017	$411,541	$687,155	$2,260,930	$-275,614

FRAMEWORKS COMMUNITY DEVELOPMENT CORPORATION INC