TRINITY BUILDING CORPORATION (EIN 561058563) - 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

1970

Legal Domicile

Principal Officer

DR DAVID CARMON

Phone

9803762238

Tax Period

2024-01-01 to 2024-12-31

TRINITY BUILDING CORPORATION, founded in 1970, is a community nonprofit in the Religion sector that reported $1.2M in total revenue in fiscal year 2024.

Mission

THE ENTITY PROVIDES AFFORDABLE HOUSING TO LOW INCOME INDIVIDUALS.

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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 $111,760

Program Service Revenue $1,128,464

Investment Income $3,165

Other Revenue $593

TOTAL REVENUE $1,243,982

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,286,522

Other Expenses $1,340,706

TOTAL EXPENSES $1,340,706

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,243,982	$1,239,082	+0.0%
Expenses	$1,340,706	$1,344,286	0.0%
Net Income	$-96,724	$-105,204	-0.1%

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

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
MRS JOHNNIE M BASKIN	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
DR DAVID CARMON	CHAIRMAN	2.00	Officer Director	$0	$0	$0
MS MASHALLE MCKESSON	DIRECTOR	1.00	Director	$0	$0	$0
MR ERNEST K FULTON	DIRECTOR	1.00	Director	$0	$0	$0
DR DOROTHY K COLSON	DIRECTOR	1.00	Director	$0	$0	$0
MR LENNITT A BLIGEN	DIRECTOR	1.00	Director	$0	$0	$0
MR MICHAEL SHAW	DIRECTOR	1.00	Director	$0	$0	$0
MRS ELIZABETH JAMES	DIRECTOR	1.00	Director	$0	$0	$0
DR DARAN H MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
MR HAROLD FIELDS	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
DR TIMOTHY FREEMAN	DIRECTOR	1.00	Director	$0	$0	$0
WELTON T JUDD JR	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	$1,243,982	$1,340,706	$7,364,517	$-96,724
2023	$1,239,082	$1,344,286	$7,613,167	$-105,204
2022	$1,214,862	$1,279,959	$7,852,604	$-65,097
2021	$1,181,874	$1,325,643	$8,043,816	$-143,769
2020	$1,167,938	$1,333,825	$8,293,983	$-165,887
2019	$1,179,310	$1,380,732	$8,562,106	$-201,422
2018	$1,197,770	$1,414,575	$8,902,411	$-216,805

TRINITY BUILDING CORPORATION