CORNING INDEPENDENT LIVING CENTER INC (EIN 300229364) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Phone

8708924547

Tax Period

2025-01-01 to 2025-12-31

CORNING INDEPENDENT LIVING CENTER INC, founded in 2003, is a micro nonprofit in the Housing & Shelter sector that reported $48K in total revenue in fiscal year 2018. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $56K exceeded revenue, resulting in a 16% operating deficit.

Mission

THE PROJECT WAS FORMED TO CONSTRUCT AND OPERATE THEREON AN APARTMENT COMPLEX OF 6 UNITS LOCATED IN CORNING, ARKANSAS. THE PROJECT IS OPERATED UNDER SECTION 811 OF THE NATIONAL HOUSING ACT AND REGULATED BY THE DEPARTMENT OF HOUSING AND URBAN DEVLOPMENT AS TO RENT CHARGES AND OPERATING METHODS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $26,389

Program Service Revenue $20,591

Investment Income $78

Other Revenue $615

TOTAL REVENUE $47,673

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,046

Fundraising Expenses $0

Program Expenses $43,217

Other Expenses $51,911

TOTAL EXPENSES $57,957

Year-over-Year Comparison

	2025	2024	Change
Revenue	$47,673	$47,713	0.0%
Expenses	$57,957	$50,974	+0.1%
Net Income	$-10,284	$-3,261	+2.2%

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

$128,932

Total Directors

$128,932

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY THOMAS	Executive Dir.	0.50	Officer Director	$0	$0	$73,324
HASSEL PATTERSON	Vice President	4.00	Officer Director	$0	$0	$55,608
DONI MARTIN	Chairman	0.50	Officer Director	$0	$0	$0
DAVID TAYLOR	VICE CHAIRMAN	0.50	Officer Director	$0	$0	$0
JANET LUTER	Secretary/Treas	0.50	Officer Director	$0	$0	$0
FRED MARTIN	MEMBER	0.50	Director	$0	$0	$0
PAIGE CATT	MEMBER	0.50	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	$47,673	$57,957	$265,911	$-10,284
2024	$47,713	$50,974	$269,496	$-3,261
2023	$47,660	$52,172	$281,601	$-4,512
2022	$47,702	$49,185	$271,925	$-1,483
2021	$38,883	$40,403	$280,653	$-1,520
2020	$36,889	$49,120	$264,057	$-12,231
2019	$44,943	$53,405	$277,150	$-8,462
2018	$47,857	$55,534	$282,820	$-7,677

CORNING INDEPENDENT LIVING CENTER INC