SMC Development Inc (EIN 843832298) - 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

2019

Legal Domicile

Principal Officer

Alan Lovelace

Phone

4057153959

Tax Period

2023-01-01 to 2023-12-31

SMC Development Inc, founded in 2019, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $910K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $2.4M exceeded revenue, resulting in a 161% operating deficit.

Mission

The corporation is organized to own, hold, and manage real and personal property as part of the chasitable purposes of Stillwater Medical Center Authority.

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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 $1,150,000

Investment Income $-239,644

Other Revenue $0

TOTAL REVENUE $910,356

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,374,914

Other Expenses $2,374,929

TOTAL EXPENSES $2,374,929

Year-over-Year Comparison

	2023	2022	Change
Revenue	$910,356	$1,128,608	-0.2%
Expenses	$2,374,929	$2,015,589	+0.2%
Net Income	$-1,464,573	$-886,981	+0.7%

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
Alan Lovelace	President	0.25	Officer Director	$0	$0	$0
Kevin Fowler	Vice-President	0.25	Officer Director	$0	$0	$0
Steven Taylor	Secretary	0.25	Officer Director	$0	$0	$0
Kari Easson	Treasurer	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
2024	No data	No data	No data	No data
2023	$910,356	$2,374,929	$47,420,754	$-1,464,573
2022	$1,128,608	$2,015,589	$48,972,827	$-886,981
2021	$755,645	$1,605,407	$44,419,926	$-849,762
2020	$16,388,327	$1,833,968	$47,296,065	$14,554,359
2019	$178,162	$8,000	$29,772,816	$170,162

SMC Development Inc