CAPITOL AREA DEVELOPMENTS INC (EIN 581888268) - 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

1984

Legal Domicile

Principal Officer

ELIZABETH EDGERTON

Phone

9198318300

Tax Period

2024-04-01 to 2025-03-31

CAPITOL AREA DEVELOPMENTS INC, founded in 1984, is a community nonprofit in the Housing & Shelter sector that reported $5.8M in total revenue in fiscal year 2024. The organization ran a surplus of $1.2M, a strong 21% operating margin.

Mission

PROVIDES HOUSING TO LOW TO MODERATE INCOME FAMILIES

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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 $747,185

Program Service Revenue $4,664,022

Investment Income $420,420

Other Revenue $0

TOTAL REVENUE $5,831,627

Expense Breakdown

Grants Paid $0

Salaries & Benefits $649,803

Fundraising Expenses $0

Program Expenses $3,633,280

Other Expenses $3,950,438

TOTAL EXPENSES $4,600,241

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,831,627	$5,422,494	+0.1%
Expenses	$4,600,241	$4,255,775	+0.1%
Net Income	$1,231,386	$1,166,719	+0.1%

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

$574,932

Total Directors

$425,890

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SONIA ANDERSON	BOARD CHAIR	1.00	Officer Director	$0	$51,398	$202,966
JOEL WHITLEY	BOARD CHAIR (END 9/2024)	1.00	Officer Director	$0	$0	$0
HILDA HOLDSCLAW	BOARD VICE CHAIR (END 12/2024)	1.00	Officer Director	$0	$0	$0
ELIZABETH EDGERTON	SECRETARY	1.00	Officer Director	$0	$47,085	$222,924
JIM FARRELL	ASSISTANT SECRETARY	1.00	Officer	$0	$36,009	$149,042
TJ BARRINGER	BOARD DIRECTOR	1.00	Director	$0	$0	$0
ARNE MORRIS	BOARD DIRECTOR	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	$5,831,627	$4,600,241	$34,459,533	$1,231,386
2024	$5,422,494	$4,255,775	$31,890,993	$1,166,719
2023	$4,613,273	$3,563,198	$28,256,102	$1,050,075
2022	$4,490,893	$3,302,774	$27,712,082	$1,188,119
2021	$4,473,127	$3,152,218	$27,771,934	$1,320,909
2020	$4,604,663	$3,446,162	$27,544,848	$1,158,501
2019	$4,525,945	$3,330,989	$27,406,617	$1,194,956

CAPITOL AREA DEVELOPMENTS INC