EASTERN MARKET DEVELOPMENT CORPORATION (EIN 821252089) - 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

KATHARINE TRUDEAU

Phone

3138339300

Tax Period

2023-01-01 to 2023-12-31

EASTERN MARKET DEVELOPMENT CORPORATION, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $347K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $306K left a modest 12% surplus.

Mission

THE MISSION OF EASTERN MARKET DEVELOPMENT CORPORATION IS TO DEVELOP BUSINESSES AND OTHER RESOURCES WITHIN THE EASTERN MARKET DISTRICT.

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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 $283,239

Program Service Revenue $0

Investment Income $8

Other Revenue $63,765

TOTAL REVENUE $347,012

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $306,188

Other Expenses $306,188

TOTAL EXPENSES $306,188

Year-over-Year Comparison

	2023	2022	Change
Revenue	$347,012	$268,690	+0.3%
Expenses	$306,188	$532,796	-0.4%
Net Income	$40,824	$-264,106	-1.2%

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

$327,197

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COREY LEON	CHAIR	1.00	Officer Director	$0	$0	$0
SHARLENE BURRIS	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
DON LINDOW	TREASURER	1.00	Officer Director	$0	$0	$0
MAGGIE DESANTIS	SECRETARY	1.00	Officer Director	$0	$0	$0
JOSEPH DENNISON	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE FABER	DIRECTOR	1.00	Director	$0	$0	$0
NANCY GARVIN	DIRECTOR	1.00	Director	$0	$0	$0
DEIRDRE GREEN	DIRECTOR	1.00	Director	$0	$0	$0
PASTOR ROBERT JONES	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE LEWAND-MOORE	DIRECTOR	1.00	Director	$0	$0	$0
KEEGAN MAHONEY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MCCLAREN	DIRECTOR	1.00	Director	$0	$0	$0
CARLOS NEILBOCK	DIRECTOR	1.00	Director	$0	$0	$0
JIM VELLA	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER WALL	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN WARD	DIRECTOR	1.00	Director	$0	$0	$0
KATRINA WATKINS	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN WATSON	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL CARMODY	CHIEF EXECUTIVE OFFICER	1.00	Officer	$0	$2,600	$197,023
DIETRICH KNOER	EXECUTIVE DIRECTOR	39.00	Officer	$0	$0	$130,174

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	$347,012	$306,188	$2,460,581	$40,824
2022	$268,690	$532,796	$2,479,241	$-264,106
2021	$558,080	$454,402	$2,864,604	$103,678
2020	$725,923	$439,988	$3,074,749	$285,935
2019	$1,406,744	$235,935	$2,813,911	$1,170,809
2018	$375,676	$7,671	$1,118,041	$368,005

EASTERN MARKET DEVELOPMENT CORPORATION