Bessemer Non-Profit Development Corporation (EIN 630866917) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1981

Legal Domicile

Principal Officer

Cortney Coleman

Phone

2054814420

Tax Period

2023-01-01 to 2023-12-31

BESSEMER NON-PROFIT DEVELOPMENT CORPORAT ION, founded in 1981, is a small nonprofit that reported $860K in total revenue in fiscal year 2018. Revenue decreased 14% compared to the prior year. Expenses of $1.0M exceeded revenue, resulting in a 19% operating deficit.

Mission

The Bessemer Non-Profit Development Corporation is a not-for-profit in Alabama that provides low-income rental housing for tenants.

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Trantor Score

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

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $700,130

Program Service Revenue $409,285

Investment Income $50

Other Revenue $12,483

TOTAL REVENUE $1,121,948

Expense Breakdown

Grants Paid $0

Salaries & Benefits $338,753

Fundraising Expenses $0

Program Expenses $929,192

Other Expenses $923,531

TOTAL EXPENSES $1,262,284

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,121,948	$1,114,247	+0.0%
Expenses	$1,262,284	$1,297,833	0.0%
Net Income	$-140,336	$-183,586	-0.2%

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

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
Sadie Harris	President	2.00	Officer Director	$0	$0	$0
Terry Dawson	Vice President	2.00	Officer Director	$0	$0	$0
Courtney Coleman	Treasurer / Secretary	2.00	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	$1,121,948	$1,262,284	$2,558,294	$-140,336
2022	$1,114,247	$1,297,833	$2,510,065	$-183,586
2021	$1,086,684	$1,240,784	$2,871,332	$-154,100
2021	$1,086,684	$1,240,784	$2,871,332	$-154,100
2020	$998,551	$1,096,778	$2,445,068	$-98,227
2019	$817,001	$1,166,954	$2,457,621	$-349,953
2018	$859,843	$1,026,003	$2,888,460	$-166,160

Bessemer Non-Profit Development Corporation