MMRC REGIONAL INDUSTRIAL DEVELOPMENT (EIN 611322607) - 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

1998

Legal Domicile

Principal Officer

MIKE HELTON

Tax Period

2023-07-01 to 2024-06-30

MMRC REGIONAL INDUSTRIAL DEVELOPMENT, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $119K in total revenue in fiscal year 2023. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $418K exceeded revenue, resulting in a 250% operating deficit.

Mission

ACT AS AN INDEPENDENT AGENCY AND INSTRUMENTALITY AND CONSTITUTED AUTHORITY OF COUNTIES OF MENIFEE, MORGAN, ROWAN AND CRATER IN THE ACQUISITION FINANCING AND DEVELOPMENT OF THE REGIONAL INDUSTRIAL PARK

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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 $118,066

Program Service Revenue $0

Investment Income $1,383

Other Revenue $0

TOTAL REVENUE $119,449

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $388,730

Other Expenses $417,741

TOTAL EXPENSES $417,741

Year-over-Year Comparison

	2023	2022	Change
Revenue	$119,449	$372,703	-0.7%
Expenses	$417,741	$513,054	-0.2%
Net Income	$-298,292	$-140,351	+1.1%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRENT HAMILTON	DIRECTOR	N/A	Director	$0	$0	$0
JACK HOWARD	DIRECTOR	N/A	Director	$0	$0	$0
JASON SLOAN	DIRECTOR	N/A	Officer Director	$0	$0	$0
SID STEWART	DIRECTOR	N/A	Director	$0	$0	$0
MIKE HELTON	PRESIDENT	N/A	Officer	$0	$0	$0
DEBBIE LITTLE	VICE PRESIDE	N/A	Officer	$0	$0	$0
RUSS WARD	SECRETARY	N/A	Officer	$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	$119,449	$417,741	$3,100,308	$-298,292
2022	$476,349	$499,217	$9,870,893	$-22,868
2021	$880,552	$556,134	$10,091,101	$324,418
2020	$501,659	$459,682	$10,176,371	$41,977
2019	$40,401	$5,228,810	$5,278,156	$-5,188,409

MMRC REGIONAL INDUSTRIAL DEVELOPMENT