NATIONAL CHURCH RESIDENCES OF LUBB… - 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

2010

Legal Domicile

Principal Officer

JILL KOLB

Phone

6144512151

Tax Period

2023-04-01 to 2024-03-31

NATIONAL CHURCH RESIDENCES OF LUBBOCK TX, founded in 2010, is a small nonprofit that reported $658K in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $573K left a modest 13% surplus.

Mission

ORIGINATING FROM A CHRISTIAN COMMITMENT OF SERVICE, OUR MISSION IS TO PROVIDE HIGH QUALITY CARE, SERVICES AND RESIDENTIAL COMMUNITIES FOR ALL SENIORS.

Program Service Accomplishments

Program 1

Expenses: $500,784 Revenue: $183,654

THE SOLE PURPOSE IS TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING, THE CHARGES FOR SUCH FACILITIES AND SERVICES TO BE PREDICATED UPON THE PROVISION, MAINTENANCE, AND OPERATION THEREOF ON A NONPROFIT BASIS.

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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 $457,195

Program Service Revenue $174,128

Investment Income $17,353

Other Revenue $9,526

TOTAL REVENUE $658,202

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $500,784

Other Expenses $573,192

TOTAL EXPENSES $573,192

Year-over-Year Comparison

	2023	2022	Change
Revenue	$658,202	$476,750	+0.4%
Expenses	$573,192	$566,063	+0.0%
Net Income	$85,010	$-89,313	-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

N/A

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

$2,534,632

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH R KASBERG	DIRECTOR	0.10	Director	$0	$0	$0
LARRY BELLMAN	DIRECTOR	0.10	Director	$0	$0	$0
ROBERT MALONEY	DIRECTOR	0.10	Director	$0	$0	$0
TINGTING LI	DIRECTOR	0.10	Director	$0	$0	$0
VIRGINIA BARNEY	DIRECTOR (THROUGH 12/31/23)	0.10	Director	$0	$0	$0
SEAN DEFOUR	DIRECTOR	0.10	Director	$0	$0	$0
SANDRA BRUMMITT	DIRECTOR	0.10	Director	$0	$0	$0
GREG COMFORT	DIRECTOR (EFFECTIVE 01/01/24)	0.10	Director	$0	$0	$0
MATTHEW D RULE	PRESIDENT	0.10	Officer	$0	$46,401	$525,229
SONYA BROWN	VICE PRESIDENT	0.10	Officer	$0	$43,456	$432,573
ROBERT WALTER	VICE PRESIDENT	0.10	Officer	$0	$37,100	$553,033
ERIC WALKER	VICE PRESIDENT	0.10	Officer	$0	$38,214	$296,808
JULIE M WOOLLEY	SECRETARY	0.10	Officer	$0	$28,373	$440,716
JILL KOLB	TREASURER	0.10	Officer	$0	$42,450	$286,273

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	$658,202	$573,192	$5,110,257	$85,010
2023	$476,750	$566,063	$5,006,578	$-89,313
2022	$522,378	$608,131	$5,168,075	$-85,753
2021	$564,900	$523,041	$5,205,880	$41,859
2020	$543,043	$638,721	$5,255,470	$-95,678
2019	$550,219	$583,157	$5,228,055	$-32,938

NATIONAL CHURCH RESIDENCES OF LUBBOCK TX