MID-CUMBERLAND AREA DEVELOPMENT CORP (EIN 621548236) - 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

1982

Legal Domicile

Principal Officer

MARK BEELER

Phone

6158628828

Tax Period

2023-10-01 to 2024-09-30

MID-CUMBERLAND AREA DEVELOPMENT CORP, founded in 1982, is a small nonprofit that reported $269K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $358K exceeded revenue, resulting in a 33% operating deficit.

Mission

MADC IS SPECIFICALLY ORGANIZED TO ENGAGE IN AND ENCOURAGE, ASSIST AND PROMOTE INDUSTRIAL AND COMMERCIAL DEVELOPMENT, SMALL BUSINESS DEVELOPMENT AND JOB CREATION IN THE GREATER NASHVILLE REGION IN TENNESSEE.

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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 $0

Program Service Revenue $193,112

Investment Income $75,486

Other Revenue $528

TOTAL REVENUE $269,126

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $294,517

Other Expenses $358,353

TOTAL EXPENSES $358,353

Year-over-Year Comparison

	2023	2022	Change
Revenue	$269,126	$208,250	+0.3%
Expenses	$358,353	$361,420	0.0%
Net Income	$-89,227	$-153,170	-0.4%

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
BRUCE CARTER	IMMEDIATE PAST PRESIDENT	Officer Director	$0	$0	$0
COREY JOHNS	DIRECTOR	Director	$0	$0	$0
JEROME TERRELL	SECRETARY/TREASURER	Officer Director	$0	$0	$0
KEL MCDOWELL	DIRECTOR/VP	Officer Director	$0	$0	$0
LOUIS PARODI	DIRECTOR	Director	$0	$0	$0
MARK BEELER	BOARD PRESIDENT	Officer Director	$0	$0	$0
NORMAN QUIRION	DIRECTOR	Director	$0	$0	$0
PAUL STUMB	DIRECTOR	Director	$0	$0	$0
SAM BANCROFT	DIRECTOR	Director	$0	$0	$0
SCOTT BAGWELL	DIRECTOR	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	$269,126	$358,353	$1,590,771	$-89,227
2023	$208,250	$361,420	$1,670,290	$-153,170
2022	$133,142	$235,959	$1,824,407	$-102,817
2021	$196,351	$252,684	$1,818,041	$-56,333
2020	$251,790	$276,577	$1,974,389	$-24,787
2019	$259,702	$433,193	$2,000,423	$-173,491
2018	$247,450	$352,290	$2,220,151	$-104,840

MID-CUMBERLAND AREA DEVELOPMENT CORP