NATIONAL CHURCH RESIDENCES OF LAKE COUNTY FL INC (EIN 311134099) - 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

1985

Legal Domicile

Principal Officer

JILL KOLB

Phone

6144512151

Tax Period

2022-08-01 to 2023-07-31

NATIONAL CHURCH RESIDENCES OF LAKE COUNTY FL INC, founded in 1985, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2022. Revenue surged 328% from the prior year, signaling strong growth momentum. Expenses of $2.2M left a modest 11% surplus.

Mission

PROVIDE HOUSING FOR LOW AND MODERATE INCOME PERSONS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $345,361

Program Service Revenue $87,317

Investment Income $2,041,806

Other Revenue $11,256

TOTAL REVENUE $2,485,740

Expense Breakdown

Grants Paid $1,798,130

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,196,917

Other Expenses $405,465

TOTAL EXPENSES $2,203,595

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,485,740	$580,350	+3.3%
Expenses	$2,203,595	$534,476	+3.1%
Net Income	$282,145	$45,874	+5.2%

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

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

$2,645,279

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J LYNN ANDERSON	DIRECTOR	0.10	Director	$0	$0	$0
JAMES MOATS	DIRECTOR	0.10	Director	$0	$0	$0
VIRGINIA BARNEY	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
STEVE T BODKIN	PRESIDENT - FORMER	0.10	Officer	$0	$48,992	$526,312
MATTHEW D RULE	PRESIDENT - CURRENT	0.10	Officer	$0	$44,397	$481,634
SONYA BROWN	VICE PRESIDENT	0.10	Officer	$0	$39,557	$345,248
JULIE M WOOLLEY	SECRETARY	0.10	Officer	$0	$22,702	$291,182
JILL KOLB	TREASURER	0.10	Officer	$0	$38,735	$248,414
ERIC WALKER	VICE PRESIDENT	0.10	Officer	$0	$33,197	$261,489
ROBERT S WALTER	VICE PRESIDENT	0.10	Officer	$0	$27,928	$491,000

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
2023	$2,485,740	$2,203,595	No data	$282,145
2022	$580,350	$534,476	$1,740,364	$45,874
2021	$610,926	$448,405	$1,686,695	$162,521
2020	$579,160	$521,175	$1,703,919	$57,985
2019	$576,330	$469,821	$1,588,532	$106,509

NATIONAL CHURCH RESIDENCES OF LAKE COUNTY FL INC