SPANISH LAKE COMMUNITY DEVELOPMENT CORPORATION (EIN 464952594) - 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

2013

Legal Domicile

Principal Officer

TYRONE TURNER

Phone

3147339020

Tax Period

2021-01-01 to 2021-12-31

SPANISH LAKE COMMUNITY DEVELOPMENT CORPORATION, founded in 2013, is a small nonprofit in the Housing & Shelter sector that reported $170K in total revenue in fiscal year 2021. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $190K exceeded revenue, resulting in a 12% operating deficit.

Mission

MAKE SPANISH LAKE A MORE DESIRABLE, ATTRACTIVE AND QUALITY PLACE TO LIVE FOR EXISTING AND FUTUTRE RESIDENTS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $164,017

Program Service Revenue $0

Investment Income $3

Other Revenue $6,144

TOTAL REVENUE $170,164

Expense Breakdown

Grants Paid $0

Salaries & Benefits $91,096

Fundraising Expenses $10,988

Program Expenses $94,834

Other Expenses $98,902

TOTAL EXPENSES $189,998

Year-over-Year Comparison

	2021	2020	Change
Revenue	$170,164	$150,301	+0.1%
Expenses	$189,998	$81,964	+1.3%
Net Income	$-19,834	$68,337	-1.3%

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
MARY GRELLE	BOARD MEMBER	002.00	Director	$0	$0	$0
DANA BALLINGER	SECRETRY	002.00	Officer Director	$0	$0	$0
TONYA LLOYD	TREASURER	002.00	Officer Director	$0	$0	$0
GWENDOLYN REED	BOARD MEMBER	002.00	Director	$0	$0	$0
CHRIS PEOPLES	BOARD MEMBER	002.00	Director	$0	$0	$0
LOTTIE WADE	VICE CHAIR	002.00	Officer Director	$0	$0	$0
DONALD WOJTKOWSKI	BOARD MEMBER	002.00	Director	$0	$0	$0
TOMMIE PIERSON JR	BOARD MEMEBER	002.00	Director	$0	$0	$0
LARRY CONANT	BOARD MEMBER	002.00	Director	$0	$0	$0
SHARON GLADNEY	BOARD MEMBER	002.00	Director	$0	$0	$0
JANETT LEWIS	CHAIRMAN	002.00	Officer Director	$0	$0	$0
SHARON MITCHELLE	BOARD MEMBER	002.00	Director	$0	$0	$0
TYRONE TURNER	BOARD MEMBER	002.00	Director	$0	$0	$0
JON SCHICK	BOARD MEMBER	002.00	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
2021	$170,164	$189,998	$51,320	$-19,834
2020	$150,301	$81,964	$257,650	$68,337
2019	$53,120	$99,871	$45,674	$-46,751
2018	$53,570	$75,863	$203,260	$-22,293

SPANISH LAKE COMMUNITY DEVELOPMENT CORPORATION