LAWRENCE COUNTY BUILDING TRADES INC D/B/A RIVERSIDE APARTMENTS (EIN 251207156) - 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

1971

Legal Domicile

Principal Officer

DAVID A FULENA

Phone

7246580520

Tax Period

2023-08-01 to 2024-07-31

LAWRENCE COUNTY BUILDING TRADES INC D/B/A RIVERSIDE APARTMENTS, founded in 1971, is a small nonprofit that reported $593K in total revenue in fiscal year 2023.

Mission

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

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $510,336

Investment Income $643

Other Revenue $81,720

TOTAL REVENUE $592,699

Expense Breakdown

Grants Paid $0

Salaries & Benefits $185,445

Fundraising Expenses $0

Program Expenses $457,608

Other Expenses $400,099

TOTAL EXPENSES $585,544

Year-over-Year Comparison

	2023	2022	Change
Revenue	$592,699	$594,304	0.0%
Expenses	$585,544	$584,502	+0.0%
Net Income	$7,155	$9,802	-0.3%

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

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

$154,684

Total Directors

$72,393

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	$58,067	$14,326	$72,393
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	$82,291	$0	$82,291

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
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