Lot 2540 Incorporated

EIN: 452387075 501(c)(3) Philanthropy & Grantmaking

Summerfield, NC

Total Revenue
$378,448
Total Expenses
$374,326
Total Assets
$173,124
Net Assets
$152,269
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
NC
Principal Officer
Martin Roberts
Phone
3363126971
Tax Period
2023-01-01 to 2023-12-31

Lot 2540 Incorporated, founded in 2011, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $378K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

L.O.T. 2540 supports ministries that promote physical and spiritual healing for families in Rockingham County, NC. The core of the ministry is comprised of counseling/prayer services to the community to serve their spiritual needs.The core ministries are supported by a retail space that includes a salvage and recycling store. The store not only offers financial support to L.O.T. 2540 but is also utilized to facilitate vocational training and leadership training for "in transition" individuals. Other ministries, directed toward those who are struggling economically, include a "Free Store" (clothing, furnishings, food items, etc.) and a food pantry supported by food donations and purchases.L.O.T. 2540 continues to mentor and support other opportunities to help clients to become self-supporting.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $179,003
Program Service Revenue $155,388
Investment Income $6
Other Revenue $44,051
TOTAL REVENUE $378,448

Expense Breakdown

Grants Paid $0
Salaries & Benefits $242,831
Fundraising Expenses $0
Program Expenses $355,414
Other Expenses $131,495
TOTAL EXPENSES $374,326

Year-over-Year Comparison

2023 2022 Change
Revenue $378,448 $340,521 +0.1%
Expenses $374,326 $322,039 +0.2%
Net Income $4,122 $18,482 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
16
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
4
$67,287
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Martin Roberts Executive Dir. 40.00
Officer
$67,287 $0 $67,287
Patricia Settle Director 1.00
Director
$0 $0 $0
Craig Barnes Director 1.00
Director
$0 $0 $0
Leanna Lawson Director 1.00
Director
$0 $0 $0
David Gullotti Director 1.00
Director
$0 $0 $0
Stephen Hinton President 1.00
Officer Director
$0 $0 $0
James Roberts Secretary 1.00
Officer Director
$0 $0 $0
Brett Koceja Treasurer 1.00
Officer 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
2024 No data No data No data No data
2023 $378,448 $374,326 $173,124 $4,122
2022 $340,521 $322,039 $166,872 $18,482
2021 $329,665 $298,735 $153,388 $30,930
2020 $285,490 $286,871 $103,836 $-1,381
2019 $237,926 $221,138 $101,718 $16,788
2018 $224,410 $197,606 $85,434 $26,804
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