Miles Foundation Service Corporation (EIN 630795898) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1981

Legal Domicile

Principal Officer

Rev Dr Clarence K Heath

Phone

2568376000

Tax Period

2024-01-01 to 2024-12-31

Miles Foundation Service Corporation, founded in 1981, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2018.

Mission

The Organization operates a housing complex for low income/elderly tenants. All activities are regulated by the U.S. Department of Housing and Urban Development HUD.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,600,811

Investment Income $1,114

Other Revenue $8,610

TOTAL REVENUE $1,610,535

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,296

Program Expenses $1,351,903

Other Expenses $1,689,902

TOTAL EXPENSES $1,689,902

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,610,535	$1,582,377	+0.0%
Expenses	$1,689,902	$1,504,633	+0.1%
Net Income	$-79,367	$77,744	-2.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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
Rev Dr Clarence Kelby Heath	Board Chair	001.00	Officer Director	$0	$0	$0
Dr Bobbie Knight	Vice Chair	001.00	Officer Director	$0	$0	$0
Rev Dr Faith A Allen	Secretary	001.00	Officer Director	$0	$0	$0
Rev Dr Tyrone T Davis	Treasurer	001.00	Officer Director	$0	$0	$0
Mrs Johnnie Williams	Board Member	001.00	Director	$0	$0	$0
Mrs Lillie Jones	Board Member	001.00	Director	$0	$0	$0
Rev Janice L Williams	Board Member	001.00	Director	$0	$0	$0
Mr Melvin D Moton	Board Member	001.00	Director	$0	$0	$0
Dr Lilly A Rainey	Board Member	001.00	Director	$0	$0	$0
Mrs Sabrina Mayes	Board Member	001.00	Director	$0	$0	$0
Ms Deirdre Pierce	Board Member	001.00	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
2024	$1,610,535	$1,689,902	$2,728,980	$-79,367
2023	$1,582,377	$1,504,633	$2,776,655	$77,744
2022	$1,492,358	$1,384,732	$2,744,714	$107,626
2021	$1,432,625	$1,290,452	$2,803,571	$142,173
2020	$1,395,690	$1,314,185	$2,709,624	$81,505
2019	$1,373,411	$1,356,691	$2,563,501	$16,720
2018	$1,338,810	$1,353,101	$2,620,964	$-14,291

Miles Foundation Service Corporation