SOUTH HILL COMMUNITY DEVELOPMENT ASSOCIATION INC (EIN 541069345) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1977

Legal Domicile

Principal Officer

LJ DORNAK

Phone

4344473191

Tax Period

2023-07-01 to 2024-06-30

SOUTH HILL COMMUNITY DEVELOPMENT ASSOCIATION INC, founded in 1977, is a small nonprofit in the Community Improvement sector that reported $602K in total revenue in fiscal year 2018. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $204K, a strong 34% operating margin.

Mission

PROMOTE ECONOMIC DEVELOPMENT WITHIN THE TOWN OF SOUTH HILL, VA BY PROVIDING OPPORTUNITIES FOR EDUCATION, THE ARTS, AND BUSINESS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,800

Investment Income $22,330

Other Revenue $10,000

TOTAL REVENUE $36,130

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $149,935

Other Expenses $161,180

TOTAL EXPENSES $161,180

Year-over-Year Comparison

	2023	2022	Change
Revenue	$36,130	$83,822	-0.6%
Expenses	$161,180	$101,793	+0.6%
Net Income	$-125,050	$-17,971	+6.0%

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

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
LJ DORNAK	PRESIDENT	N/A	Officer Director	$0	$0	$0
HANNAH HAYES	BOARD MEMBER	N/A	Director	$0	$0	$0
JEREMY LYNCH	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
TAMMY MANNING	BOARD MEMBER	N/A	Director	$0	$0	$0
VIN MONTGOMERY	TREASURER	N/A	Officer Director	$0	$0	$0
ROBERT SMITH	BOARD MEMBER	N/A	Director	$0	$0	$0
CARMEN TAYLOR	BOARD MEMBER	N/A	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
2025	No data	No data	No data	No data
2024	$36,130	$161,180	$2,212,180	$-125,050
2023	$83,822	$101,793	$2,333,176	$-17,971
2022	$81,335	$137,488	$2,348,851	$-56,153
2021	$602,194	$4,421,880	$2,405,199	$-3,819,686
2020	$534,178	$380,255	$6,260,326	$153,923
2019	$601,940	$398,309	$6,092,071	$203,631

SOUTH HILL COMMUNITY DEVELOPMENT ASSOCIATION INC