FRAYSER COMMUNITY DEVELOPMENT CORPORATION (EIN 582158058) - 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

2000

Legal Domicile

Principal Officer

DARRELL K SCOTT

Phone

9013549403

Tax Period

2023-01-01 to 2023-12-31

FRAYSER COMMUNITY DEVELOPMENT CORPORATION, founded in 2000, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $1.9M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO ACQUIRE AND REHABILITATE AFFORDABLE HOUSING FOR INCOME ELIGIBLE INDIVIDUALS IN THE FRAYSER COMMUNITY IN MEMPHIS, TENNESSEE. THE AREA IS CHARACTERIZED BY HIGH UNEMPLOYMENT, DETERIORATING HOUSING, CRIME AND POVERTY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $612,562

Program Service Revenue $1,023,352

Investment Income $-27,907

Other Revenue $0

TOTAL REVENUE $1,608,007

Expense Breakdown

Grants Paid $0

Salaries & Benefits $398,703

Fundraising Expenses $0

Program Expenses $1,638,989

Other Expenses $1,468,875

TOTAL EXPENSES $1,867,578

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,608,007	$1,364,611	+0.2%
Expenses	$1,867,578	$1,758,902	+0.1%
Net Income	$-259,571	$-394,291	-0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORA FOWLER	DIRECTOR	1.00	Director	$0	$0	$0
SHERMAN GREER	DIRECTOR	1.00	Director	$0	$0	$0
JOHNNIE HATTEN	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
PEGGY JEFFERSON	DIRECTOR	1.00	Director	$0	$0	$0
SHARON COLE	DIRECTOR	1.00	Director	$0	$0	$0
REGINA DOWEL	DIRECTOR	1.00	Director	$0	$0	$0
DARRELL SCOTT	EXECUTIVE DIRECTOR	1.00	Officer Director	$0	$0	$0
SHELLY RICE	DIRECTOR	1.00	Director	$0	$0	$0
VERNON WOODS	DIRECTOR	1.00	Director	$0	$0	$0
YVONNE SPENCER	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA BURNETT	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$1,608,007	$1,867,578	$6,208,025	$-259,571
2022	$1,364,611	$1,758,902	$6,541,771	$-394,291
2021	$554,799	$1,878,828	$7,724,171	$-1,324,029
2020	$2,907,074	$1,823,903	$9,618,379	$1,083,171
2020	$2,827,905	$1,823,903	$9,553,923	$1,004,002
2019	$2,129,634	$1,608,542	$8,365,220	$521,092
2018	$1,797,703	$1,532,650	$7,814,123	$265,053

FRAYSER COMMUNITY DEVELOPMENT CORPORATION