EAST ARDMORE REVITALIZATION INC

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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

2022

Legal Domicile

Principal Officer

TERRICK WASHINGTON

Tax Period

2024-01-01 to 2024-12-31

EAST ARDMORE REVITALIZATION INC, founded in 2022, is a small nonprofit in the Community Improvement sector that reported $104K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $122K exceeded revenue, resulting in a 17% operating deficit.

Mission

TAXPAYER'S MISSION IS TO REVITALIZE THE EAST SIDE OF ARDMORE, OK THROUGH CONSTRUCTION AND REPAIR OF BUILDINGS, HOMES, PARKS, AND BRING NEW BUSINESSES INTO THE AREA FOR JOBS.

Program Service Accomplishments

Program 1

Expenses: $62,599

THE PROGRAM CONSISTS OF REVITALIZING THE EAST PART OF THE CITY OF ARDMORE. THIS IS BEING ACHIEVED WITH RESTORATION OF BUILDINGS, HOMES, PARKS, AND OTHER AMENITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $103,677

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $103,677

Expense Breakdown

Grants Paid $0

Salaries & Benefits $53,825

Fundraising Expenses $5,195

Program Expenses $62,599

Other Expenses $67,794

TOTAL EXPENSES $121,619

Year-over-Year Comparison

	2024	2023	Change
Revenue	$103,677	$79,231	+0.3%
Expenses	$121,619	$46,266	+1.6%
Net Income	$-17,942	$32,965	-1.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN CREDLE	DIRECTOR	N/A	Director	$0	$0	$0
MARY FINLEY	VICE PRESIDE	N/A	Director	$0	$0	$0
ERIC HOWARD	DIRECTOR	N/A	Director	$0	$0	$0
CAROLYN POTTS-SHELTON	DIRECTOR	N/A	Director	$0	$0	$0
NANCY SJULIN	DIRECTOR	N/A	Director	$0	$0	$0
LAURA AKERS	SECRETARY	N/A	Officer	$0	$0	$0
JAMIA CODY	TREASURER	N/A	Officer	$0	$0	$0
TERRICK WASHINGTON	PRESIDENT	N/A	Officer	$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
2025	No data	No data	No data	No data
2024	$103,677	$121,619	$15,949	$-17,942
2023	$79,231	$46,266	$33,720	$32,965