LCIP III INC (EIN 264150878) - 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

2009

Legal Domicile

Principal Officer

GLENN SEAGRAVES

Phone

2156342000

Tax Period

2024-07-01 to 2025-06-30

LCIP III INC, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $204K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $318K exceeded revenue, resulting in a 56% operating deficit.

Mission

HUD HOUSING PROJECT THAT CREATES AFFORDABLE ACCESSIBLE INTEGRATED HOUSING FOR PEOPLE WITH DISABILITIES

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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 $204,367

Investment Income $32

Other Revenue $0

TOTAL REVENUE $204,399

Expense Breakdown

Grants Paid $0

Salaries & Benefits $75,917

Fundraising Expenses $0

Program Expenses $288,674

Other Expenses $242,550

TOTAL EXPENSES $318,467

Year-over-Year Comparison

	2024	2023	Change
Revenue	$204,399	$159,579	+0.3%
Expenses	$318,467	$285,006	+0.1%
Net Income	$-114,068	$-125,427	-0.1%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BIANCA WALIDDIN	EXECUTIVE DIRECTOR	3.00	Director	$0	$0	$0
THOMAS EARLE	PRESIDENT	5.00	Officer Director	$0	$0	$0
NATHOR JENKINS	TREASURER	5.00	Officer Director	$0	$0	$0
LYNN YORGEY	SECRETARY	5.00	Officer Director	$0	$0	$0
LOUIS OLIVO	DIRECTOR	5.00	Director	$0	$0	$0
LILY MCBRIDE	DIRECTOR	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	$204,399	$318,467	$2,704,251	$-114,068
2024	$159,579	$285,006	$2,710,809	$-125,427
2023	$157,312	$291,767	$2,814,918	$-134,455
2022	$148,538	$257,165	$2,749,624	$-108,627
2021	$157,994	$246,059	$2,819,087	$-88,065
2020	$152,546	$245,664	$2,865,384	$-93,118
2019	$163,663	$215,112	$2,928,753	$-51,449
2018	$166,399	$234,080	$2,823,930	$-67,681

LCIP III INC