TN DEVELOPMENT CORPORATION (EIN 570979157) - 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

1992

Legal Domicile

Principal Officer

KEVIN K WERNER

Phone

8037343322

Tax Period

2022-07-01 to 2023-06-30

TN DEVELOPMENT CORPORATION, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $1.7M in total revenue in fiscal year 2022. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $2.1M exceeded revenue, resulting in a 20% operating deficit.

Mission

TO ASSIST IN THE DEVELOPMENT OF LOW INCOME HOUSING IN COLUMBIA AND INCREASE THE RESIDENTIAL BASE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $711,745

Program Service Revenue $1,064,237

Investment Income $-50,624

Other Revenue $19,152

TOTAL REVENUE $1,744,510

Expense Breakdown

Grants Paid $9,000

Salaries & Benefits $644,580

Fundraising Expenses $0

Program Expenses $1,892,675

Other Expenses $1,448,393

TOTAL EXPENSES $2,101,973

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,744,510	$1,500,191	+0.2%
Expenses	$2,101,973	$1,579,583	+0.3%
Net Income	$-357,463	$-79,392	+3.5%

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

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
KEVIN K WERNER	CHAIR	5.00	Officer Director	$0	$0	$0
TALESHA STEWART	VICE-CHAIR	5.00	Officer Director	$0	$0	$0
VANZELL HAIRE	MEMBER	1.00	Director	$0	$0	$0
ANGELA ENGLISH	MEMBER	1.00	Director	$0	$0	$0
KATHI SNIPES	MEMBER	1.00	Director	$0	$0	$0
BRITTANI RICHARDS	MEMBER	1.00	Director	$0	$0	$0
JAMES LANPHER	MEMBER	1.00	Director	$0	$0	$0
MILES HANLEY	MEMBER	1.00	Director	$0	$0	$0
JOHNATHAN KIRKWOOD	MEMBER	1.00	Director	$0	$0	$0
KATRINA HART-LORICK	MEMBER	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,744,510	$2,101,973	$6,807,227	$-357,463
2022	$1,500,191	$1,579,583	$5,456,220	$-79,392
2021	$1,527,031	$1,435,296	$4,410,269	$91,735
2020	$113,980	$165,069	$4,456,342	$-51,089
2019	$365,909	$608,506	$4,652,283	$-242,597
2018	$1,271,153	$1,560,841	$5,165,803	$-289,688

TN DEVELOPMENT CORPORATION