MOBILE AREA LODGING CORPORATION (EIN 823457106) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

KENT BLACKINTON

Phone

2514713267

Tax Period

2023-10-01 to 2024-09-30

MOBILE AREA LODGING CORPORATION, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $884K in total revenue in fiscal year 2020. Revenue surged 86284% from the prior year, signaling strong growth momentum. The organization ran a surplus of $464K, a strong 52% operating margin.

Mission

THE PURPOSE OF THE CORPORATION IS TO PROMOTE COMMON INTERESTS OF AND IMPROVE THE BUSINESS CONDITIONS FOR MOBILE LODGING BUSINESSES BY SERVING AS THE DISTRICT MANAGEMENT CORPORATION FOR THE MOBILE TOURISM IMPROVEMENT DISTRICT AND OTHER PROGRAMS AND INITIATIVES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,164,479

Investment Income $20,584

Other Revenue $0

TOTAL REVENUE $1,185,063

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,157,099

Other Expenses $1,211,336

TOTAL EXPENSES $1,211,336

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,185,063	$1,110,611	+0.1%
Expenses	$1,211,336	$1,086,458	+0.1%
Net Income	$-26,273	$24,153	-2.1%

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
KENT BLACKINTON	CHAIR / PRES	0.50	Officer Director	$0	$0	$0
DAVID CLARK	NON-VOTING D	0.25	Director	$0	$0	$0
RAJ DESAI	DIRECTOR	0.25	Director	$0	$0	$0
MARGO GILBERT	VICE-CHAIR	0.50	Officer Director	$0	$0	$0
JUDI GULLEDGE	DIRECTOR	0.25	Director	$0	$0	$0
DUNCAN MILLAR	SECRETARY	0.50	Officer Director	$0	$0	$0
HUNTER OMAINSKY	DIRECTOR	0.25	Director	$0	$0	$0
KEN PATEL	DIRECTOR	0.25	Director	$0	$0	$0
PINAL PATEL	TREASURER	0.50	Officer Director	$0	$0	$0
CORY PENN	NON-VOTING D	0.25	Director	$0	$0	$0
AARON WATZ	DIRECTOR	0.25	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
2024	$1,185,063	$1,211,336	$1,002,205	$-26,273
2023	$1,110,611	$1,086,458	$1,028,478	$24,153
2022	$1,418,243	$877,972	$1,004,326	$540,271
2021	$883,704	$420,125	$464,055	$463,579

MOBILE AREA LODGING CORPORATION