MIDLAND COMMUNITY DEVELOPMENT CORP (EIN 752280264) - 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

1989

Legal Domicile

Principal Officer

JERRY MORALES

Phone

4326822520

Tax Period

2023-01-01 to 2023-12-31

MIDLAND COMMUNITY DEVELOPMENT CORP, founded in 1989, is a small nonprofit in the Human Services sector that reported $682K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $214K, a strong 31% operating margin.

Mission

THE ORGANIZATION ASSISTS QUALIFIED FIRST TIME HOMEBUYERS WITH CREDIT REPORT REVIEW, COUNSELING, AND DOWN PAYMENT ASSISTANCE TO BE "MORTGAGE READY" IN THE PUCHASE OF THEIR FIRST HOME. IN PARTNERSHIP WITH THE CITY OF MIDLAND, THE ORGANIZATION REVITALIZES "TARGET AREAS" DESIGNATED AS DISTRESSED BY DEVELOPING HOME COMMUNITIES FOR THESE QUALIFIED LOW INCOME FAMILIES.

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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 $223,150

Program Service Revenue $342,786

Investment Income $-58,168

Other Revenue $174,420

TOTAL REVENUE $682,188

Expense Breakdown

Grants Paid $0

Salaries & Benefits $252,624

Fundraising Expenses $10,104

Program Expenses $356,341

Other Expenses $215,873

TOTAL EXPENSES $468,497

Year-over-Year Comparison

	2023	2022	Change
Revenue	$682,188	$884,825	-0.2%
Expenses	$468,497	$481,554	0.0%
Net Income	$213,691	$403,271	-0.5%

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

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

$159,302

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD BULLOCK	CHAIRMAN	0.19	Officer Director	$0	$0	$0
ERIC WESPHAL	TREASURER	0.19	Officer Director	$0	$0	$0
GILBERT ABILA	MEMBER	0.15	Director	$0	$0	$0
MARCEL CAMPOS	MEMBER	0.11	Director	$0	$0	$0
BRENDA E CORDERO	MEMBER	0.17	Director	$0	$0	$0
CHRISTOPHER EDGMOND	MEMBER	0.16	Director	$0	$0	$0
SANDRA JAVELLY	MEMBER	0.09	Director	$0	$0	$0
JERRY MORALES	MEMBER	0.08	Director	$0	$0	$0
AUSTIN NELSON	MEMBER	0.18	Director	$0	$0	$0
IRMA QUIROZ	MEMBER	0.15	Director	$0	$0	$0
LUIS SANCHEZ	MEMBER	0.09	Director	$0	$0	$0
JAIME GANDARA	ACCOUNTANT	40.00	Officer	$66,208	$12,801	$79,009
SANDRA TORRES	EX DIR - JUL	40.00	Officer	$66,752	$13,541	$80,293

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
2023	$784,854	$466,489	$4,463,682	$318,365
2023	$682,188	$468,497	$4,549,039	$213,691
2022	$884,825	$481,554	$4,190,846	$403,271
2021	$2,295,541	$467,624	$4,099,688	$1,827,917
2020	$793,686	$449,966	$2,332,525	$343,720
2019	$538,422	$976,319	$2,425,221	$-437,897
2018	$1,255,556	$1,166,520	$2,565,989	$89,036

MIDLAND COMMUNITY DEVELOPMENT CORP