Advantix Development Corporation (EIN 800757957) - 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

2007

Legal Domicile

Principal Officer

Rick Moore

Phone

8124288500

Tax Period

2023-01-01 to 2023-12-31

Advantix Development Corporation, founded in 2007, is a community nonprofit in the Community Improvement sector that reported $9.3M in total revenue in fiscal year 2023. Revenue surged 79% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.0M, a strong 53% operating margin.

Mission

To own, operate, purchase, sell and manage real estate and affordable housing.

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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 $1,087,684

Program Service Revenue $1,019,300

Investment Income $187,697

Other Revenue $7,009,049

TOTAL REVENUE $9,303,730

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,381,644

Fundraising Expenses $0

Program Expenses $4,351,297

Other Expenses $2,969,653

TOTAL EXPENSES $4,351,297

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,303,730	$5,194,127	+0.8%
Expenses	$4,351,297	$3,393,165	+0.3%
Net Income	$4,952,433	$1,800,962	+1.7%

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

Governance

Voting Members

Independent Members

Employees

118

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

$468,956

Total Directors

$8,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David G Hatfield	Chairman	1.00	Officer Director	$1,400	$0	$1,400
Glenda B Hampton	Commissioner	1.00	Director	$1,300	$0	$1,300
Mildred Thacker	Secretary	1.00	Officer Director	$1,300	$0	$1,300
Richard Engbers	Commissioner	1.00	Director	$1,400	$0	$1,400
Daphne J Robinson	Vice Chairman	1.00	Officer Director	$1,400	$0	$1,400
Sabino Humbane	Commissioner	0.50	Director	$400	$0	$400
Dianna McGuire	Commissioner	1.00	Director	$1,400	$0	$1,400
Rick Moore	Executive Director	30.00	Officer	$0	$38,471	$249,271
Tim Martin	COO	40.00	Officer	$0	$42,825	$215,585
Thomas Gibbs	VP of Construction	40.00	Highest	$117,118	$0	$117,118
Angela Harper-Sperry	Director of Finance	40.00	Highest	$102,717	$8,317	$111,034

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	$9,303,730	$4,351,297	$26,673,336	$4,952,433
2022	$5,194,127	$3,393,165	$26,637,427	$1,800,962
2021	$5,632,837	$4,841,584	$17,664,853	$791,253
2020	$3,872,074	$3,588,363	$16,774,869	$283,711
2019	$4,258,535	$3,540,632	$13,748,727	$717,903
2018	$10,943,357	$2,160,572	$13,975,773	$8,782,785

Advantix Development Corporation