LARUE DEVELOPMENT CORPORATION (EIN 237284122) - 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

Tax Period

2024-01-01 to 2024-12-31

LARUE DEVELOPMENT CORPORATION is a small nonprofit that reported $141K in total revenue in fiscal year 2024. Expenses of $124K left a modest 12% surplus.

Mission

Provide 36 one and two bedroom apartments to medium and low income senior citizens. Monthly rents are approx $300 for one bedroom and $350 for two bedroom apartments, which include water and sewer. The apartment complex includes laudry facilities and a social hall for tenants recreational activities.

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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 $134,048

Investment Income $0

Other Revenue $7,102

TOTAL REVENUE $141,150

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,458

Fundraising Expenses $0

Program Expenses $119,557

Other Expenses $106,744

TOTAL EXPENSES $124,202

Year-over-Year Comparison

	2024	2023	Change
Revenue	$141,150	$133,473	+0.1%
Expenses	$124,202	$146,449	-0.2%
Net Income	$16,948	$-12,976	-2.3%

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

N/A

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

$3,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAM CLAWSON	BKPR TRUSTEE	10.00	Director	$3,600	$0	$3,600
VICKI LONG	Treasurer	5.00	Director	$0	$0	$0
KELLY PRIMAVERA	Trustee	5.00	Director	$0	$0	$0
MEREDITH FARSON	Trustee	5.00	Director	$0	$0	$0
CHRISTINE ALLISON	Trustee	5.00	Director	$0	$0	$0
DANISE STALLSMITH	President & Tru	5.00	Director	$0	$0	$0
LOUISE SEVERNS	Trustee	5.00	Director	$0	$0	$0
TOM MYERS	V PRES & TRUSTE	5.00	Director	$0	$0	$0
ANITA MAJOR	SECRETARY TRUST	5.00	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	No data	No data	No data	No data
2024	$141,150	$124,202	$180,782	$16,948
2023	$133,438	$146,449	$161,528	$-13,011
2022	$138,074	$138,086	$199,317	$-12
2021	$137,737	$127,167	$216,169	$10,570
2020	$127,702	$120,557	$219,082	$7,145
2019	$123,820	$112,131	$226,340	$11,689
2018	$126,530	$106,256	$227,110	$20,274

LARUE DEVELOPMENT CORPORATION