LAURAS HOMES OF NC INC (EIN 201648108) - 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

2004

Legal Domicile

Principal Officer

RITA SCISM

Tax Period

2022-01-01 to 2022-12-31

LAURAS HOMES OF NC INC, founded in 2004, is a small nonprofit that reported $403K in total revenue in fiscal year 2022. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $569K exceeded revenue, resulting in a 41% operating deficit.

Mission

PROVIDE RESIDENTIAL GROUP CARE FOR CHILDREN WHO MAY BE HOMELESS, ABUSED, NEGLECTED OR TROUBLED.

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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 $56,009

Program Service Revenue $330,158

Investment Income $1,096

Other Revenue $16,200

TOTAL REVENUE $403,463

Expense Breakdown

Grants Paid $0

Salaries & Benefits $377,669

Fundraising Expenses $0

Program Expenses $444,274

Other Expenses $191,326

TOTAL EXPENSES $568,995

Year-over-Year Comparison

	2022	2021	Change
Revenue	$403,463	$504,727	-0.2%
Expenses	$568,995	$559,155	+0.0%
Net Income	$-165,532	$-54,428	+2.0%

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

$90,266

Total Directors

$123,444

Key Employees

$33,178

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RITA SCISM	EXECUTIVE DIRECTOR	40.00	Officer Director	$76,031	$4,200	$80,231
JANE FALLS	FUNDRAISING	20.00	Director Key Emp	$22,758	$2,700	$25,458
PEGGY LAIL	SECRETARY	20.00	Officer Director	$8,835	$1,200	$10,035
GLENN WALKER	VICE PRESIDENT	40.00	Director Key Emp	$6,720	$1,000	$7,720
LEIGHANN CLARK	SOCIAL WORKER	40.00	Director Key Emp	$0	$0	$0
AMY BUTTRICK	FUNDRAISING	1.00	Officer Director	$0	$0	$0
DAN BIDDELL	FINANCE MANAGER	1.00	Officer Director	$0	$0	$0
JANE HOKE	PERSONNEL AND GRIEVANCE MEMBE	1.00	Officer Director	$0	$0	$0
RAY HOKE	FINANCE MEMBER	1.00	Officer Director	$0	$0	$0
BOB SMITH	FINANCE MEMBER	1.00	Officer Director	$0	$0	$0
MARGARET MUSSELWHITE	PERSONNEL	3.00	Officer Director	$0	$0	$0
KATHY DAVIS	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHASE ROBINSON	FINANCE CHAIRMAN	3.00	Officer 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	$403,463	$568,995	No data	$-165,532
2021	$504,727	$559,155	$1,121,941	$-54,428
2020	$652,568	$644,592	$1,099,236	$7,976
2019	$667,447	$689,842	$1,091,857	$-22,395
2018	$674,283	$683,718	$1,112,997	$-9,435

LAURAS HOMES OF NC INC