GREATER LAKE CITY COMMUNITY DEVELOPMENT CORP INC (EIN 043709254) - 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

2002

Legal Domicile

Phone

3867529785

Tax Period

2025-01-01 to 2025-12-31

GREATER LAKE CITY COMMUNITY DEVELOPMENT CORP INC, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $246K in total revenue in fiscal year 2025. Revenue surged 146% from the prior year, signaling strong growth momentum. The organization ran a surplus of $125K, a strong 51% operating margin.

Mission

The purpose for which this corporation is organized is for educational, scientific and socio-economic, community revitalization and any other such matters not inconsistent withnot for profit.

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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 (2025)

Revenue Breakdown

Contributions & Grants $11,825

Program Service Revenue $228,185

Investment Income $6,458

Other Revenue $0

TOTAL REVENUE $246,468

Expense Breakdown

Grants Paid $4,943

Salaries & Benefits $18,277

Fundraising Expenses $0

Program Expenses $121,387

Other Expenses $98,167

TOTAL EXPENSES $121,387

Year-over-Year Comparison

	2025	2024	Change
Revenue	$246,468	$100,105	+1.5%
Expenses	$121,387	$102,679	+0.2%
Net Income	$125,081	$-2,574	-49.6%

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

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

$10,200

Key Employees

$7,800

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LESTER MCKELLUM	EXECUTIVE DIRECTOR	30.00	Director Highest	$10,200	$0	$10,200
MARY MCKELLUM	ADMINISTRATIVE ASSISTANT	30.00	Key Emp	$7,800	$0	$7,800
TROY WIMBERLEY	PRESIDENT	0.00	Officer	$0	$0	$0
DION BURKE	VP SECRETARY	0.00	Officer	$0	$0	$0
LARRY NELSON	TREASURER	0.00	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	$246,468	$121,387	$872,379	$125,081
2024	$100,105	$102,679	$988,684	$-2,574
2023	$86,034	$83,946	$777,697	$2,088
2022	$189,081	$88,303	$791,458	$100,778
2021	$170,318	$80,487	$698,810	$89,831
2020	$110,163	$80,847	$579,061	$29,316

GREATER LAKE CITY COMMUNITY DEVELOPMENT CORP INC