MOUNT OLIVE DEVELOPMENT CORPORATION (EIN 650548855) - 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

1999

Legal Domicile

Phone

9547679919

Tax Period

2024-01-01 to 2024-12-31

MOUNT OLIVE DEVELOPMENT CORPORATION, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $821K in total revenue in fiscal year 2024. Expenses of $763K left a modest 7% surplus.

Mission

The primary purpose is revitalize low and moderate income communities of Broward County by providing affordable housing, social services and job opportunities

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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 (2024)

Revenue Breakdown

Contributions & Grants $656,186

Program Service Revenue $87,900

Investment Income $0

Other Revenue $76,464

TOTAL REVENUE $820,550

Expense Breakdown

Grants Paid $0

Salaries & Benefits $412,769

Fundraising Expenses $0

Program Expenses $597,706

Other Expenses $350,028

TOTAL EXPENSES $762,797

Year-over-Year Comparison

	2024	2023	Change
Revenue	$820,550	$859,812	0.0%
Expenses	$762,797	$864,297	-0.1%
Net Income	$57,753	$-4,485	-13.9%

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

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
Johnae Mann	Secretary	2.00	Director	$0	$0	$0
Dr Heidi Richards	Board Member	2.00	Director	$0	$0	$0
Shanon Scott	Board Member	2.00	Director	$0	$0	$0
Jacqueline Bennefield	Treasurer	2.00	Officer	$0	$0	$0
Monique Corker	Board Member	2.00	Officer	$0	$0	$0
Linda Brown	Chairperson	2.00	Officer	$0	$0	$0
Candice Odom	Vice Chairperson	2.00	Officer	$0	$0	$0
Rosalind Osgood	Executive Director	40.00	Key Emp	$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	$820,550	$762,797	$1,719,551	$57,753
2023	$859,812	$864,297	$1,721,096	$-4,485
2022	$873,131	$880,045	$1,772,579	$-6,914
2021	$871,125	$892,146	$1,845,367	$-21,021
2020	$855,154	$857,060	$1,935,258	$-1,906
2019	$755,007	$925,680	$1,992,273	$-170,673
2018	$806,656	$898,740	$2,024,544	$-92,084

MOUNT OLIVE DEVELOPMENT CORPORATION