Olive Hill Community Economic

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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

1998

Legal Domicile

Tax Period

2022-01-01 to 2022-12-31

Olive Hill Community Economic, founded in 1998, is a micro nonprofit in the Housing & Shelter sector that reported $43K in total revenue in fiscal year 2022. Revenue fell 80% from the prior year — a significant decline worth monitoring. Expenses of $152K exceeded revenue, resulting in a 253% operating deficit.

Mission

Provide a positive impact on the economic environment of area residents with asset building opportunities to achieve financial stability.

Program Service Accomplishments

Program 1

Expenses: $53,583

Assist residents in home ownership, business ownership and computer skills. Serves residents of Burke, Caldwell, Catawba and McDowell counties in North Carolina

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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 $24,547

Program Service Revenue $18,569

Investment Income $90

Other Revenue $0

TOTAL REVENUE $43,206

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,173

Fundraising Expenses $0

Program Expenses $53,583

Other Expenses $69,285

TOTAL EXPENSES $152,458

Year-over-Year Comparison

	2022	2021	Change
Revenue	$43,206	$214,466	-0.8%
Expenses	$152,458	$142,756	+0.1%
Net Income	$-109,252	$71,710	-2.5%

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

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
Beverly Carlton	Executive Director	30.00	Highest	$46,000	$0	$46,000
Anthony Radcliff	Board	0.00	Director	$0	$0	$0
Crystal LaVerde	Board	0.00	Director	$0	$0	$0
Leslie Kern	Board	0.00	Director	$0	$0	$0
Ebony Johnson	SecretaryTreasurer	0.00	Officer	$0	$0	$0
Winston Hill	Chair	0.00	Officer	$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
2022	$43,206	$152,458	$52,584	$-109,252
2021	$214,466	$142,756	$158,880	$71,710