LAWRENCE COUNTY BUILDING TRADES IN… - Form 990 Financial Data

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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

1971

Legal Domicile

Principal Officer

DAVID A FULENA

Phone

7246580520

Tax Period

2024-08-01 to 2025-07-31

LAWRENCE COUNTY BUILDING TRADES INC D/B/A RIVERSIDE APARTMENTS, founded in 1971, is a small nonprofit that reported $633K in total revenue in fiscal year 2024. Expenses of $751K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO PROVIDE HOUSING FOR THE ELDERLY AS A SOCIAL WELFARE ORGANIZATION.

Program Service Accomplishments

Program 1

Expenses: $625,643 Revenue: $628,708

HOUSING FOR THE ELDERLY - APPROXIMATELY 128 TENANT APARTMENTS

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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 $501,466

Investment Income $4,538

Other Revenue $127,242

TOTAL REVENUE $633,246

Expense Breakdown

Grants Paid $0

Salaries & Benefits $191,832

Fundraising Expenses $0

Program Expenses $625,643

Other Expenses $559,370

TOTAL EXPENSES $751,202

Year-over-Year Comparison

	2024	2023	Change
Revenue	$633,246	$592,699	+0.1%
Expenses	$751,202	$585,544	+0.3%
Net Income	$-117,956	$7,155	-17.5%

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

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

$159,439

Total Directors

$73,144

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK E TELESZ JR	CHAIRMAN	1.00	Officer Director	$0	$0	$0
AL ZEHETNER	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
DOUG MANGINO	TREASURER	40.00	Officer Director	$60,036	$13,108	$73,144
ANTHONY VERCALLI	SECRETARY	1.00	Officer Director	$0	$0	$0
EDWARD SMOLNIK	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS BUCK	BOARD MEMBER	1.00	Director	$0	$0	$0
BRAD PETERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG ZEITLER	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID A FULENA	EXECUTIVE DIRECTOR	40.00	Officer	$86,295	$0	$86,295

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	$633,246	$751,202	$921,378	$-117,956
2024	$592,699	$585,544	$937,711	$7,155
2023	$594,304	$584,502	$1,001,395	$9,802
2022	$561,163	$560,540	$1,037,942	$623
2021	$547,090	$552,670	$1,095,701	$-5,580
2020	$558,882	$560,037	$1,151,728	$-1,155

LAWRENCE COUNTY BUILDING TRADES INC D/B/A RIVERSIDE APARTMENTS