LUMBEE REGIONAL DEVELOPMENT ASSOCI… - Form 990 Financial Data

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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

1968

Legal Domicile

Principal Officer

JAMES HARDIN

Phone

9105218602

Tax Period

2022-07-01 to 2023-06-30

LUMBEE REGIONAL DEVELOPMENT ASSOCIATION INC, founded in 1968, is a community nonprofit in the Human Services sector that reported $1.9M in total revenue in fiscal year 2022. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $2.1M exceeded revenue, resulting in a 10% operating deficit.

Mission

LRDA'S MISSION IS TO CONTINUOUSLY ASSESS THE NEEDS OF INDIAN PEOPLE AND OTEHRS IN OUR SERVICE AREA, WORK TO IMPROVE THE QUALITY OF LIFE, DEVELOP AND/OR OBTAIN REOURCES TO FILL THE GAP IN THE ONGOING PROVISION OF SOCIAL, HEALTH, ECONOMIC, HOUSING, EDUCATION, JOB DEVELOPMENT, AND TRAINING SERVICES TO MEET THE NEEDS OF OUR CLIENT POPULATION.

Program Service Accomplishments

Program 1

Expenses: $1,429,041 Revenue: $1,385,074

PROVIDE HEALTH AND EDUCATION SERVICES, HOUSING, ON-THE-JOB TRAINING, AND OTHER SERVICES AND PROGRAMS DESIGNED TO IMPROVE THE QUALITY OF LIFE OF MEMBERS OF THE COMMUNITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,385,674

Program Service Revenue $534,723

Investment Income $0

Other Revenue $25,604

TOTAL REVENUE $1,946,001

Expense Breakdown

Grants Paid $0

Salaries & Benefits $934,001

Fundraising Expenses $0

Program Expenses $1,429,041

Other Expenses $1,210,483

TOTAL EXPENSES $2,144,484

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,946,001	$1,629,392	+0.2%
Expenses	$2,144,484	$1,774,152	+0.2%
Net Income	$-198,483	$-144,760	+0.4%

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

$180,000

Total Directors

$90,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HORACE HUNT	CHAIRMAN	4.00	Officer Director	$0	$0	$0
EARL CUMMINGS	TREASURER	4.00	Officer Director	$0	$0	$0
PEGGY HUNT	DIRECTOR	4.00	Director	$0	$0	$0
LARRY JACOBS	DIRECTOR	4.00	Director	$0	$0	$0
KRISTY LYNN LOCKLEAT	VICE CHAIRMAN	4.00	Officer Director	$0	$0	$0
GARY DEESE	DIRECTOR	4.00	Director	$0	$0	$0
LEMARK HARRIS	DIRECTOR	4.00	Director	$0	$0	$0
ROYAL TRAVIS BRYANT	CEO	40.00	Officer Director	$90,000	$0	$90,000
JAMES HARDIN	EXECUTIVE DIRECTOR	40.00	Officer	$90,000	$0	$90,000

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	No data	No data	No data	No data
2023	$1,946,001	$2,144,484	$4,053,942	$-198,483
2022	$1,629,392	$1,774,152	$3,934,724	$-144,760
2021	$3,126,668	$3,424,752	$4,258,785	$-298,084
2020	$3,506,061	$3,495,930	$5,835,135	$10,131
2019	$4,049,671	$4,012,264	$5,881,960	$37,407

LUMBEE REGIONAL DEVELOPMENT ASSOCIATION INC