Laburnum Properties (EIN 521260700) - 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

1982

Legal Domicile

Phone

5139524999

Tax Period

2024-01-01 to 2024-12-31

Laburnum Properties, founded in 1982, is a small nonprofit that reported $276K in total revenue in fiscal year 2024. Revenue fell 76% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $89K, a strong 32% operating margin.

Mission

TITLE HOLDING COMPANY - PRIMARILY SUPPORTING BON SECOURS - MEMORIAL REGIONAL MEDICAL CENTER LLC.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $257,803

Other Revenue $17,970

TOTAL REVENUE $275,773

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $186,384

TOTAL EXPENSES $186,384

Year-over-Year Comparison

	2024	2023	Change
Revenue	$275,773	$1,146,793	-0.8%
Expenses	$186,384	$148,540	+0.3%
Net Income	$89,389	$998,253	-0.9%

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

N/A

Employees

N/A

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

$2,427,843

Total Directors

$3,167,698

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Lutes	President/CEO - Richmond	0.5	Officer Director	$0	$320,047	$1,433,183
Rhodes Ritenour	Secretary; VP External & Regulatory Affairs	0.5	Officer Director	$0	$39,193	$356,967
WILLIAM KUSNIERZ	Treasurer/CFO - Richmond	0.5	Officer Director	$0	$52,844	$637,693
Brian Yanofchick	Board Member, Chief Sponsorship Officer	0.5	Director	$0	$23,245	$739,855
Paul Smith	Former Interim President - Richmond	0.0		$0	$989	$482,020

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	$275,773	$186,384	$8,217,724	$89,389
2023	$1,146,793	$148,540	$7,527,166	$998,253
2022	$179,978	$210,000	$6,960,943	$-30,022
2021	$339,090	$128,737	$7,873,298	$210,353
2020	$948,711	$76,370	$7,494,863	$872,341
2019	$905,023	$278,434	$6,436,202	$626,589
2018	$251,967	$2,283,418	$6,633,341	$-2,031,451

Laburnum Properties