PATRIOT COMMUNITY DEVELOPMENT INC (EIN 850608830) - 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

2020

Legal Domicile

Principal Officer

DAN WALLRATH

Phone

7138750265

Tax Period

2023-01-01 to 2023-12-31

PATRIOT COMMUNITY DEVELOPMENT INC, founded in 2020, is a micro nonprofit in the Housing & Shelter sector that reported $85K in total revenue in fiscal year 2023. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $187K exceeded revenue, resulting in a 121% operating deficit.

Mission

THE MISSION OF PATRIOT COMMUNITY DEVELOPMENT IS TO MEET THE EVOLVING HOUSING NEEDS OF VETERANS, FIRST RESPONDERS, AND THEIR FAMILIES THROUGH THE PROVISION OF HOMES, MODIFICATIONS AND AFFORDABLE HOUSING.

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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 $120,000

Program Service Revenue $0

Investment Income $-35,254

Other Revenue $0

TOTAL REVENUE $84,746

Expense Breakdown

Grants Paid $0

Salaries & Benefits $177,690

Fundraising Expenses $0

Program Expenses $128,499

Other Expenses $9,437

TOTAL EXPENSES $187,127

Year-over-Year Comparison

	2023	2022	Change
Revenue	$84,746	$407,009	-0.8%
Expenses	$187,127	$370,515	-0.5%
Net Income	$-102,381	$36,494	-3.8%

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

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

$173,421

Total Directors

$173,421

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ED HORNE	CHAIRMAN	1.00	Director	$0	$0	$0
RUSSELL CARROLL	SECRETARY	10.00	Officer Director	$0	$0	$0
WILLIE WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN WALLRATH	TREASURER	20.00	Officer Director	$173,421	$0	$173,421

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	$84,746	$187,127	$10,635	$-102,381
2022	$407,009	$370,515	$113,016	$36,494

PATRIOT COMMUNITY DEVELOPMENT INC