Margate Terrace Development Corporation (EIN 815019694) - 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

2016

Legal Domicile

Principal Officer

DANIEL CAMPBELL

Phone

6098227747

Tax Period

2024-07-01 to 2025-06-30

Margate Terrace Development Corporation, founded in 2016, is a micro nonprofit in the Housing & Shelter sector that reported $46K in total revenue in fiscal year 2024. Revenue surged 149% from the prior year, signaling strong growth momentum. The organization ran a surplus of $24K, a strong 53% operating margin.

Mission

Serve as developer and provide support for Margate Terrace Corporation, a NJ nonprofit corporation.

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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 $0

Investment Income $46,159

Other Revenue $0

TOTAL REVENUE $46,159

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $21,874

TOTAL EXPENSES $21,874

Year-over-Year Comparison

	2024	2023	Change
Revenue	$46,159	$18,508	+1.5%
Expenses	$21,874	$18,222	+0.2%
Net Income	$24,285	$286	+83.9%

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

N/A

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
Daniel Campbell	Trustee/President	2.00	Officer Director	$0	$0	$0
Jennifer Wagner	Trustee/Vice President	1.50	Officer Director	$0	$0	$0
Jennifer Seligsohn	Trustee/Secretary	1.50	Officer Director	$0	$0	$0
Chuck LaBarre	Trustee/Treasurer	1.50	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
2025	$46,159	$21,874	$996,508	$24,285
2024	$18,508	$18,222	$932,626	$286
2023	$32,754	$15,035	$866,662	$17,719
2022	$57,691	$18,638	$829,299	$39,053
2021	$41,150	$19,065	$963,651	$22,085
2020	$92,546	$10,848	$835,680	$81,698
2019	$18,751	$15,021	$822,717	$3,730
2018	$36,693	$220,377	$801,129	$-183,684

Margate Terrace Development Corporation