First National Development Corporation

EIN: 731134929

McAlester, OK

Total Revenue
$491,174
Total Expenses
$402,638
Total Assets
$8,796,542
Net Assets
$5,741,101
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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
1981
Legal Domicile
OK
Phone
9184260211
Tax Period
2023-01-01 to 2023-12-31

First National Development Corporation, founded in 1981, is a small nonprofit that reported $491K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $89K, a strong 18% operating margin.

Mission

STIMULATING DEVELOPMENT AND REDEVELOPMENT OF PROPERTIES IN THE MCALESTER AREA, PROVIDING JOBS & OTHER ECONOMIC OPPORTUNITIES & MEETING COMMUNITY NEEDS FOR GROWTH AND DEVELOPMENT.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $491,174
Investment Income $0
Other Revenue $0
TOTAL REVENUE $491,174

Expense Breakdown

Grants Paid $30,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $372,638
TOTAL EXPENSES $402,638

Year-over-Year Comparison

2023 2022 Change
Revenue $491,174 $624,390 -0.2%
Expenses $402,638 $292,933 +0.4%
Net Income $88,536 $331,457 -0.7%
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
3

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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A PRESIDENT 0.3
Officer Director
$0 $0 $0
N/A DIRECTOR 0.3
Director
$0 $0 $0
N/A DIRECTOR 0.3
Director
$0 $0 $0
N/A SECRETARY/TREASURER 0.3
Officer
$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 $491,174 $402,638 $8,796,542 $88,536
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