THIRD CENTURY DEVELOPMENT CORP (EIN 591908592) - 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

1980

Legal Domicile

Principal Officer

Betty Walker

Tax Period

2021-01-01 to 2021-12-31

THIRD CENTURY DEVELOPMENT CORP, founded in 1980, is a mid-sized nonprofit that reported $15.0M in total revenue in fiscal year 2021. Revenue surged 740% from the prior year, signaling strong growth momentum. The organization ran a surplus of $13.9M, a strong 93% operating margin.

Mission

TO PROVIDE AFFORDABLE HOUSING, IN A CAREGIVING ENVIRONMENT, FOR THE AGED EDERLY, SENIORS, HANDICAPPED, AND DISABLED INDIVIDUALS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,204,641

Investment Income $13,796,760

Other Revenue $0

TOTAL REVENUE $15,001,401

Expense Breakdown

Grants Paid $0

Salaries & Benefits $173,057

Fundraising Expenses $0

Program Expenses $930,448

Other Expenses $881,736

TOTAL EXPENSES $1,054,793

Year-over-Year Comparison

	2021	2020	Change
Revenue	$15,001,401	$1,785,712	+7.4%
Expenses	$1,054,793	$1,651,388	-0.4%
Net Income	$13,946,608	$134,324	+102.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Marshal Davis	Vice President	Officer Director	$0	$0	$0
Crystal Walker	TreasurerSecretary	Officer Director Key Emp	$0	$0	$0
Betty Walker	President	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
2021	$15,001,401	$1,054,793	No data	$13,946,608
2020	$1,785,712	$1,651,388	$1,572,147	$134,324
2019	$1,738,289	$2,089,536	$1,905,090	$-351,247
2018	$1,691,057	$2,246,638	$3,182,496	$-555,581

THIRD CENTURY DEVELOPMENT CORP