Lucy Corr Foundation (EIN 542010957) - 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

2000

Legal Domicile

Principal Officer

Sarah Snead

Phone

8047481511

Tax Period

2022-01-01 to 2022-12-31

Lucy Corr Foundation, founded in 2000, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $271K in total revenue in fiscal year 2020. Revenue surged 65% from the prior year, signaling strong growth momentum.

Mission

The Lucy Corr Foundation generates support for services and programs that enrich the lives of Lucy Corr Village residents, participants, and their families and helps to meet the emerging needs of seniors in the community.

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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 (2022)

Revenue Breakdown

Contributions & Grants $363,613

Program Service Revenue $8,890

Investment Income $-875

Other Revenue $0

TOTAL REVENUE $371,628

Expense Breakdown

Grants Paid $0

Salaries & Benefits $139,927

Fundraising Expenses $62,467

Program Expenses $145,483

Other Expenses $87,381

TOTAL EXPENSES $227,308

Year-over-Year Comparison

	2022	2021	Change
Revenue	$371,628	$191,169	+0.9%
Expenses	$227,308	$227,041	+0.0%
Net Income	$144,320	$-35,872	-5.0%

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

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

$27,841

Total Directors

$27,841

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tammy Shackelford	Prior Ex. Dir.	40.00	Officer Director	$27,841	$0	$27,841
Tracey Gendron	Director	1.00	Director	$0	$0	$0
Hobart Harvey	HCC Rep	1.00	Director	$0	$0	$0
Derrick Kendall	Ex Officio	1.00	Director	$0	$0	$0
Brett Landi	Prior Treas	1.00	Officer Director	$0	$0	$0
Pam Parsons PhD	Vice Chair	1.00	Officer Director	$0	$0	$0
James Revere DDS	Director	1.00	Director	$0	$0	$0
Cathy Saunders	Director	1.00	Director	$0	$0	$0
David Saunders	Director	1.00	Director	$0	$0	$0
Sarah Snead	Chair	1.00	Officer Director	$0	$0	$0
Shirley Dean Tanner	Director	1.00	Director	$0	$0	$0
Cherie Tew	Director	1.00	Director	$0	$0	$0
Elizabeth Vaughan	Secretary	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
2022	$371,628	$227,308	$345,048	$144,320
2021	$191,169	$227,041	$275,946	$-35,872
2020	$271,260	$266,422	$313,377	$4,838

Lucy Corr Foundation