SOUTHERN PINES LAND & HOUSING TRUST

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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

FENTON WILKINSON

Phone

9103159252

Tax Period

2023-01-01 to 2023-12-31

SOUTHERN PINES LAND & HOUSING TRUST, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $555K in total revenue in fiscal year 2023. Revenue surged 126% from the prior year, signaling strong growth momentum. The organization ran a surplus of $183K, a strong 33% operating margin.

Mission

THE MISSION IS TO PRESERVE AND ENHANCE THE WEST SOUTHERN PINES COMMUNITYS SOCIAL AND ECONOMIC CONDITIONS THROUGH PROPERTY OWNERSHIP, EDUCATION, AND OPPORTUNITY.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

FORMERLY THE PLAYGROUND OF THE CAMPUS OF THE SOUTHERN PINES PRIMARY SCHOOL, BLANCHIE CARTER PARK HAS BEEN ADDED TO THE TOWNS LIST OF PUBLIC PARKS. IN ORDER TO OPEN THE PARK TO THE PUBLIC, SPLHT HAD TO REPLACE THE AGING PLAYGROUND EQUIPMENT THAT WAS DEEMED UNSAFE FOR CHILDREN. IN 2023, ENOUTH FUNDS WERE RAISED AT OUR ANNUAL FUNDRAISER TO PURCHASE NEW EQUIPMENT FOR THE PLAYGROUND. WE INSTALLED THE EQUIPMENT LATE 2023, AND OFFICIALLY OPENED TO THE PUBLIC IN JULY 2024. THE EQUIPMENT WAS CAPITALIZED.

Program 2

Expenses: $496 Revenue: $0

EDUCATIONAL PROGRAMS - THESE PROGRAMS WILL BRING INFORMATION TO THE WEST SOUTHERN PINES COMMUNITY THAT WILL ENHANCE THEIR LIVES FINANCIALLY, HISTORICALLY AND CULTURALLY. IN 2023, SPLHT BROUGHT A...

EDUCATIONAL PROGRAMS - THESE PROGRAMS WILL BRING INFORMATION TO THE WEST SOUTHERN PINES COMMUNITY THAT WILL ENHANCE THEIR LIVES FINANCIALLY, HISTORICALLY AND CULTURALLY. IN 2023, SPLHT BROUGHT A TRAVELING HISTORICAL EXHIBIT TO THE WSP CENTER CAMPUS.

Program 3

Expenses: $26,757 Revenue: $0

MUSEUM & CULTURAL PROGRAMS - SPLHT WILL OPEN THE FIRST, PROFESSIONALLY DEVELOPED AFRICAN AMERICAN MUSEUM IN MOORE COUNTY. IN 2023, SPLHT HIRED A CURATOR TO CREATE A PERMANENT EXHIBIT FOR THE MUSEUM...

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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 $545,950

Program Service Revenue $0

Investment Income $3,643

Other Revenue $5,725

TOTAL REVENUE $555,318

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,000

Fundraising Expenses $123,540

Program Expenses $27,253

Other Expenses $316,917

TOTAL EXPENSES $371,917

Year-over-Year Comparison

	2023	2022	Change
Revenue	$555,318	$245,466	+1.3%
Expenses	$371,917	$163,674	+1.3%
Net Income	$183,401	$81,792	+1.2%

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

Total Directors

$13,300

Key Employees

$55,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VINCENT GORDON	BOARD CHAIR	15.00	Officer Director	$0	$0	$0
ASYA WALDEN	SECRETARY	4.00	Officer Director	$0	$0	$0
RENEE MOODY	BOARD MEMBER	4.00	Director	$0	$0	$0
NORA BOWMAN	BOARD MEMBER	0.00	Director	$13,300	$0	$13,300
ARIADNE DEGARR	BOARD MEMBER	0.00	Director	$0	$0	$0
OLIVER HINES	BOARD MEMBER	0.00	Director	$0	$0	$0
SHERILLA HORTON	BOARD MEMBER	0.00	Director	$0	$0	$0
LATOYA KYLE	BOARD MEMBER	0.00	Director	$0	$0	$0
MARY ROCCA	TREASURER	4.00	Officer Director	$0	$0	$0
BILL ROSS	VICE CHAIR	4.00	Officer Director	$0	$0	$0
TANGELA UPCHURCH	BOARD MEMBER	0.00	Director	$0	$0	$0
EUGENE MASON	BOARD MEMBER	0.00	Director	$0	$0	$0
ELISE ZAWATTERRI	BOARD MEMBER	0.00	Director	$0	$0	$0
SANDRA DALES	EXECUTIVE DIRECTOR	40.00	Key Emp	$55,000	$0	$55,000

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
2024	No data	No data	No data	No data
2023	$555,318	$371,917	$1,008,724	$183,401
2022	$245,466	$163,674	$825,323	$81,792
2021	$732,684	$85,152	$743,531	$647,532