MORROW DEVELOPMENT CORPORATION (EIN 931170796) - 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

1994

Legal Domicile

Phone

5416768719

Tax Period

2023-07-01 to 2024-06-30

MORROW DEVELOPMENT CORPORATION, founded in 1994, is a small nonprofit in the Community Improvement sector that reported $104K in total revenue in fiscal year 2023. Expenses of $119K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROMOTE ECONOMIC DEVELOPMENT IN RURAL OREGON BY PROVIDING LONG-TERM BORROWINGS AT LOW RATES TO LEND TO ENTITIES WITHIN THOSE COUNTIES. MDC PROVIDES FINANCING ASSISTANCE FOR BUSINESS DEVELOPMENT AND COMMUNITY DEVELOPMENT PROJECTS IN MORROW COUNTY.

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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 $102,638

Investment Income $1,291

Other Revenue $0

TOTAL REVENUE $103,929

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $104,519

Other Expenses $119,272

TOTAL EXPENSES $119,272

Year-over-Year Comparison

	2023	2022	Change
Revenue	$103,929	$106,354	0.0%
Expenses	$119,272	$129,893	-0.1%
Net Income	$-15,343	$-23,539	-0.3%

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
JERRY HEALY	President	1.00	Officer Director	$0	$0	$0
KAREN PETTIGREW	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN MOFFIT	Vice President	0.50	Officer Director	$0	$0	$0
SHANE LAZINKA	BOARD MEMBER	0.50	Director	$0	$0	$0
LISA MITTELSDORF	BOARD MEMBER	0.50	Director	$0	$0	$0
GREG SMITH	BOARD MEMBER	20.00	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	$103,929	$119,272	$4,954,795	$-15,343
2023	$106,354	$129,893	$5,095,121	$-23,539
2022	$102,597	$123,725	$5,243,209	$-21,128
2021	$156,767	$127,818	$5,388,391	$28,949
2020	$203,469	$126,465	$5,479,142	$77,004
2019	$286,125	$131,530	$5,543,814	$154,595
2018	$445,995	$128,661	$5,488,883	$317,334

MORROW DEVELOPMENT CORPORATION