VISIONS ECONOMIC DEVELOPMENT INC (EIN 870753394) - 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

2014

Legal Domicile

Principal Officer

GARVEY INCE

Phone

2015721985

Tax Period

2022-01-01 to 2022-12-31

VISIONS ECONOMIC DEVELOPMENT INC, founded in 2014, is a micro nonprofit in the Community Improvement sector that reported $59K in total revenue in fiscal year 2022. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $23K, a strong 39% operating margin.

Mission

Vision Economic Development, Inc. is not for profit real estate holding business that is organized to develop and manage properties in the Newark and surrounding communities.Vision will assist in community advancemen

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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 $0

Program Service Revenue $58,532

Investment Income $0

Other Revenue $0

TOTAL REVENUE $58,532

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $35,582

TOTAL EXPENSES $35,582

Year-over-Year Comparison

	2022	2021	Change
Revenue	$58,532	$63,932	-0.1%
Expenses	$35,582	$63,932	-0.4%
Net Income	$22,950	N/A	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

N/A

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
Garvey Ince	Chairman	005.00	Officer Director	$0	$0	$0
Carl Peterman	Secretary	001.00	Director	$0	$0	$0
Sam Snead	Board member	001.00	Director	$0	$0	$0
Carolyn Whigham	Treasurer	001.00	Director	$0	$0	$0
Brian Talmadge	Board Member	001.00	Director	$0	$0	$0
William Parrish	Board Member	001.00	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
2022	$58,532	$35,582	$22,950	$22,950

VISIONS ECONOMIC DEVELOPMENT INC