BLACK ROCK AREA DEVELOPMENT INC (EIN 581736417) - 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

1987

Legal Domicile

Phone

8708924547

Tax Period

2025-01-01 to 2025-12-31

BLACK ROCK AREA DEVELOPMENT INC, founded in 1987, is a small nonprofit in the Housing & Shelter sector that reported $104K in total revenue in fiscal year 2018. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $19K, a strong 18% operating margin.

Mission

To provide elderly persons and handicapped persons with housing facilities and services specially designed to meet their physical, social and physchological needs, and to promote their health, security, happiness and usefulness in longer living, the charges for such facilities and services to be predicated upon the provision, maintenance and opeartiong thereof on a nonprofit basis.

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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 (2025)

Revenue Breakdown

Contributions & Grants $93,663

Program Service Revenue $37,155

Investment Income $722

Other Revenue $1,299

TOTAL REVENUE $132,839

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,245

Fundraising Expenses $0

Program Expenses $72,555

Other Expenses $79,091

TOTAL EXPENSES $97,336

Year-over-Year Comparison

	2025	2024	Change
Revenue	$132,839	$128,844	+0.0%
Expenses	$97,336	$105,375	-0.1%
Net Income	$35,503	$23,469	+0.5%

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

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

$128,932

Total Directors

$128,932

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY THOMAS	Executive Dir.	0.50	Officer Director	$0	$0	$73,324
Hassel Patterson	Vice President	4.00	Officer Director	$0	$0	$55,608
Fred Martin	President	0.50	Officer Director	$0	$0	$0
Amanda Trevillion	Secretary	0.50	Officer 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	$132,839	$97,336	$330,733	$35,503
2024	$128,844	$105,375	$299,752	$23,469
2023	$98,869	$86,735	$269,436	$12,134
2022	$120,767	$88,215	$280,527	$32,552
2021	$99,783	$82,522	$259,985	$17,261
2020	$80,896	$84,069	$241,536	$-3,173
2019	$102,482	$92,754	$257,652	$9,728
2018	$103,815	$84,892	$252,466	$18,923

BLACK ROCK AREA DEVELOPMENT INC