Med Center Development Corporation

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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

2014

Legal Domicile

Phone

4023971700

Tax Period

2022-07-01 to 2023-06-20

Med Center Development Corporation, founded in 2014, is a small nonprofit that reported $119K in total revenue in fiscal year 2022. Revenue surged 1135% from the prior year, signaling strong growth momentum.

Mission

The Med Center Development Corporation (MCDC) shall develop campus property essential to sustain and maintain a healthy future for the campus's character, heritage, and quality of life - all while accommodating development of facilities needed to uphold our academic mission, extraordinary patient care, innovative research, and creation of a livable community that is truly world class in urban development. We will redefine community standards by providing an exceptional residential, retail, and commercial experience for our midtown community, and indeed, to the benefit of all Nebraskans as our programs grow on the campus, in the community, and around the world.

Program Service Accomplishments

Program 1

Expenses: $118,000 Revenue: $0

The Med Center Development Corporation (MCDC) provides support and assistance for the development of properties owned by the University of Nebraska and enhancement of the Mid-Town Omaha, NE area near...

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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 $119,009

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $119,009

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $118,000

Other Expenses $119,009

TOTAL EXPENSES $119,009

Year-over-Year Comparison

	2022	2021	Change
Revenue	$119,009	$9,634	+11.4%
Expenses	$119,009	$9,634	+11.4%
Net Income	$0	$0	N/A

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

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

$1,766,897

Total Directors

$1,437,340

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TREASURER	1.5	Officer Director	$0	$46,786	$411,806
N/A	VICE CHAIRMAN	0.5	Officer Director	$0	$0	$0
N/A	CHAIRMAN (THRU 03/2023)	0.5	Officer Director	$0	$43,173	$1,025,534
N/A	DIRECTOR	1.5	Director	$0	$0	$0
N/A	DIRECTOR	0.5	Director	$0	$0	$0
N/A	DIRECTOR	0.5	Director	$0	$0	$0
N/A	DIRECTOR	0.5	Director	$0	$0	$0
N/A	EXECUTIVE DIRECTOR	0.5	Officer	$0	$0	$0
N/A	SECRETARY	0.5	Officer	$0	$48,292	$329,557

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	$119,009	$119,009	No data	No data
2022	$9,634	$9,634	No data	No data
2021	$74,097	$74,097	No data	No data
2020	$192,157	$192,157	No data	No data
2019	$233,693	$233,693	No data	No data