LP WIND-UP CORPORATION (EIN 020318035) - 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

1975

Legal Domicile

Principal Officer

KENNETH CARGILL

Phone

6033565439

Tax Period

2024-04-01 to 2025-03-31

LP WIND-UP CORPORATION, founded in 1975, is a micro nonprofit that reported $15K in total revenue in fiscal year 2024. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $103K exceeded revenue, resulting in a 586% operating deficit.

Mission

LP WIND-UP CORPORATION, FORMERLY KNOWN AS NORTHERN COMMUNITY INVESTMENT CORPORATION, IS WINDING DOWN OPERATIONS AND WILL BE DISSOLVED ONCE ALL ASSETS ARE TRANSFERRED OR SOLD.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $15,000

TOTAL REVENUE $15,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $82,039

Other Expenses $102,967

TOTAL EXPENSES $102,967

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,000	$722,486	-1.0%
Expenses	$102,967	$1,193,940	-0.9%
Net Income	$-87,967	$-471,454	-0.8%

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

N/A

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
KENNETH CARGILL	CHAIRMAN	1.00	Officer Director	$0	$0	$0
GREGORY EASTMAN	DIRECTOR	1.00	Director	$0	$0	$0
ROENA WHITEHILL	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA STUART	DIRECTOR	1.00	Director	$0	$0	$0
CHAD STEARNS	DIRECTOR	1.00	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
2025	$15,000	$102,967	$652,243	$-87,967
2024	$722,486	$1,193,940	$789,966	$-471,454
2023	$1,941,984	$1,792,000	$16,420,167	$149,984
2022	$1,565,964	$1,500,966	$16,870,997	$64,998
2021	$1,913,259	$1,762,719	$17,304,241	$150,540
2020	$1,513,182	$1,647,586	$17,776,781	$-134,404
2019	$1,788,924	$1,799,969	$18,890,510	$-11,045
2018	$1,617,385	$1,704,736	$19,043,529	$-87,351

LP WIND-UP CORPORATION