METROPLEX ECONOMIC DEVELOPMENT CORP (EIN 752768840) - 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

1998

Legal Domicile

Principal Officer

FRANK DYER

Phone

2143336468

Tax Period

2024-01-01 to 2024-12-31

METROPLEX ECONOMIC DEVELOPMENT CORP, founded in 1998, is a community nonprofit in the Community Improvement sector that reported $4.8M in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $5.4M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO ALLEVIATE POVERTY AND ITS EFFECTS ON THE LOCAL COMMUNITY AND TO PROVIDE EDUCATION. THE ORGANIZATION OPERATES AS A LOCAL ECONOMIC DEVELOPMENT CORPORATION, PROVIDING FUNDING TO LOCAL BUSINESSES, JOB TRAINING & EDUCATION, BUSINESS COUNSELING, COMMUNITY SERVICES, AND SIMILAR ACTIVITIES TO RELIEVE POVERTY IN ECONOMICALLY DEPRESSED AREAS.

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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 $4,494,984

Program Service Revenue $55,255

Investment Income $54,974

Other Revenue $179,535

TOTAL REVENUE $4,784,748

Expense Breakdown

Grants Paid $822,752

Salaries & Benefits $180,562

Fundraising Expenses $30,000

Program Expenses $5,229,140

Other Expenses $4,415,558

TOTAL EXPENSES $5,418,872

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,784,748	$3,285,083	+0.5%
Expenses	$5,418,872	$3,404,535	+0.6%
Net Income	$-634,124	$-119,452	+4.3%

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

125

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
DARWIN BRUCE	SECRETARY	1.00	Officer Director	$0	$0	$0
FRANK DYER	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK JONES	VICE PRESIDENT	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	$4,784,748	$5,418,872	$1,743,832	$-634,124
2023	$3,285,083	$3,404,535	$4,610,019	$-119,452
2022	$850,303	$1,292,644	$2,466,015	$-442,341
2021	$1,796,959	$1,144,477	$2,916,286	$652,482
2020	$1,451,830	$1,201,690	$2,324,966	$250,140
2019	$1,477,180	$1,512,447	$1,972,569	$-35,267
2018	$2,540,061	$1,745,585	$2,006,669	$794,476

METROPLEX ECONOMIC DEVELOPMENT CORP