SBC DEVELOPMENT CORPORATION INC (EIN 680558032) - 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

2003

Legal Domicile

Principal Officer

DAVID GREENE SR

Phone

3179250335

Tax Period

2023-01-01 to 2023-12-31

SBC DEVELOPMENT CORPORATION INC, founded in 2003, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 11% operating deficit.

Mission

THE PURPOSE OF THE CORPORATION IS TO PROVIDE CHARITABLE, SOCIETAL IMPROVEMENT, HEALTH AWARENESS, RECREATIONAL AND COMMUNITY OUTREACH PROGRAMS, HOUSING REHABILITATION, HOUSING DEVELOPMENT, ACTIVITIES AND SEMINARS.

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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 $123,331

Program Service Revenue $1,017,176

Investment Income $2,782

Other Revenue $0

TOTAL REVENUE $1,143,289

Expense Breakdown

Grants Paid $165,700

Salaries & Benefits $671,987

Fundraising Expenses $0

Program Expenses $983,756

Other Expenses $426,197

TOTAL EXPENSES $1,263,884

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,143,289	$1,527,552	-0.3%
Expenses	$1,263,884	$1,201,603	+0.1%
Net Income	$-120,595	$325,949	-1.4%

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

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

$191,915

Total Directors

$134,725

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID GREENE SR	PRESIDENT	1.00	Officer Director	$0	$63,000	$134,725
ASHLEY HOGUE	TREASURER	40.00	Officer	$57,190	$0	$57,190
JAMES BYERS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
HELEN DULLEN	DIRECTOR	1.00	Director	$0	$0	$0
JOE SANDERS	DIRECTOR	1.00	Director	$0	$0	$0
ERNESTINE WOODSON	SECRETARY	1.00	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	$1,143,289	$1,263,884	$537,254	$-120,595
2022	$1,527,552	$1,201,603	$625,179	$325,949
2021	$1,022,574	$893,684	$332,860	$128,890
2020	$929,261	$893,248	$178,807	$36,013
2019	$1,301,749	$1,244,339	$152,255	$57,410

SBC DEVELOPMENT CORPORATION INC