METRO AREA DEVELOPMENT CORPORATION (EIN 731214992) - 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

1984

Legal Domicile

Principal Officer

VERNON BOWEN

Phone

4054245181

Tax Period

2024-10-01 to 2025-09-30

METRO AREA DEVELOPMENT CORPORATION, founded in 1984, is a small nonprofit that reported $211K in total revenue in fiscal year 2024. Expenses of $289K exceeded revenue, resulting in a 37% operating deficit.

Mission

PROVIDE PROCESSING AND PACKAGING SERVICES FOR US SMALL BUSINESS ADMINISTRATION LOANS.

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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 $0

Program Service Revenue $204,809

Investment Income $0

Other Revenue $6,273

TOTAL REVENUE $211,082

Expense Breakdown

Grants Paid $0

Salaries & Benefits $111,762

Fundraising Expenses $0

Program Expenses $270,749

Other Expenses $176,856

TOTAL EXPENSES $288,618

Year-over-Year Comparison

	2024	2023	Change
Revenue	$211,082	$215,107	0.0%
Expenses	$288,618	$249,296	+0.2%
Net Income	$-77,536	$-34,189	+1.3%

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
DONALD B NEVARD	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ALVAH BOYD	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
FORREST BUTCH FREEMAN	TREASURER	1.00	Officer Director	$0	$0	$0
MIKE MEANS	SECRETARY	1.00	Officer Director	$0	$0	$0
STEVE BALABAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JEB COOK	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE ERVIN	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE HART	BOARD MEMBER	1.00	Director	$0	$0	$0
JERRY HOCKER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN KINNAMON	BOARD MEMBER	1.00	Director	$0	$0	$0
LANELL LONG	BOARD MEMBER	1.00	Director	$0	$0	$0
SHAWN NULL	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN STERKEL	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRY STRADAL	BOARD MEMBER	1.00	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
2025	$211,082	$288,618	$19,712	$-77,536
2024	$215,107	$249,296	$42,735	$-34,189
2023	$208,914	$285,334	$30,925	$-76,420
2022	$203,582	$329,993	$84,543	$-126,411
2021	$240,207	$298,087	$168,979	$-57,880
2020	$162,377	$205,365	$270,713	$-42,988

METRO AREA DEVELOPMENT CORPORATION