MEMORIAL DRIVE NMTC HOLDINGS INC (EIN 821136144) - 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

2017

Legal Domicile

Principal Officer

PETER COREY

Phone

8027485101

Tax Period

2022-07-01 to 2023-06-30

MEMORIAL DRIVE NMTC HOLDINGS INC, founded in 2017, is a small nonprofit that reported $514K in total revenue in fiscal year 2022. Expenses of $839K exceeded revenue, resulting in a 63% operating deficit.

Mission

TO FOSTER, ENCOURAGE AND ASSIST BOTH THE PHYSICAL LOCATION OF BUSINESS ENTERPRISES WITHIN THE STATE OF VERMONT AND THE INDUSTRIAL AND ECONOMIC DEVELOPMENT OF CALEDONIA COUNTY, AND THE SUPPORT OF RELATED ACTIVITIES CONSISTENT WITH THE GOALS OF THE ORGANIZATION

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $514,027

Investment Income $393

Other Revenue $0

TOTAL REVENUE $514,420

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $816,755

Other Expenses $839,255

TOTAL EXPENSES $839,255

Year-over-Year Comparison

	2022	2021	Change
Revenue	$514,420	$514,538	0.0%
Expenses	$839,255	$844,419	0.0%
Net Income	$-324,835	$-329,881	0.0%

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
PETER COREY	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID SNEDEKER	TREASURER	0.25	Officer Director	$0	$0	$0
BRENDAN HUGHES	SECRETARY	0.25	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
2023	$514,420	$839,255	$9,436,345	$-324,835
2022	$514,538	$844,419	$9,746,020	$-329,881
2021	$528,880	$860,900	$10,060,740	$-332,020
2020	$529,703	$894,419	$10,377,601	$-364,716
2019	$530,011	$894,169	$10,734,907	$-364,158

MEMORIAL DRIVE NMTC HOLDINGS INC