THE MET DEVELOPMENT INC (EIN 832503851) - 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

2018

Legal Domicile

Principal Officer

KEVIN SMITH

Phone

8592310054

Tax Period

2023-01-01 to 2023-12-31

THE MET DEVELOPMENT INC, founded in 2018, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2023. Expenses of $1.3M left a modest 6% surplus.

Mission

TO ENGAGE IN ECONOMIC DEVELOPMENT BY REVITALIZING A SEVERELY ECONOMICALLY DISTRESSED COMMUNITY.

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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 $0

Program Service Revenue $1,394,642

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,394,642

Expense Breakdown

Grants Paid $113,844

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,295,881

Other Expenses $1,203,524

TOTAL EXPENSES $1,317,368

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,394,642	$1,394,642	N/A
Expenses	$1,317,368	$1,292,987	+0.0%
Net Income	$77,274	$101,655	-0.2%

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

$332,679

Total Directors

$332,679

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN SMITH	PRESIDENT	1.00	Officer Director	$0	$88,062	$332,679
WILLIAM MOODY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WATZ	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$1,394,642	$1,317,368	$26,052,552	$77,274
2022	$1,394,642	$1,292,987	$26,000,068	$101,655
2021	$1,656,816	$1,259,354	$25,897,702	$397,462
2020	$26,885	$410,566	$25,268,317	$-383,681
2019	$4,953,558	$33,280	$17,271,571	$4,920,278

THE MET DEVELOPMENT INC