FBC CORPORATION (EIN 561058564) - 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

JIMMIE POWELL

Phone

9808908814

Tax Period

2023-10-01 to 2024-09-30

FBC CORPORATION, founded in 1970, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2023. Expenses of $1.8M exceeded revenue, resulting in a 22% operating deficit.

Mission

THE CORPORATION PROVIDES HOUSING FOR LOW AND MODERATE INCOME FAMILIES IN FAYETTEVILLE, NC.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,140,882

Program Service Revenue $350,505

Investment Income $1,300

Other Revenue $16,595

TOTAL REVENUE $1,509,282

Expense Breakdown

Grants Paid $0

Salaries & Benefits $249,248

Fundraising Expenses $0

Program Expenses $1,517,547

Other Expenses $1,589,642

TOTAL EXPENSES $1,838,890

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,509,282	$1,455,718	+0.0%
Expenses	$1,838,890	$1,615,789	+0.1%
Net Income	$-329,608	$-160,071	+1.1%

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
JIMMIE POWELL	PRESIDENT	1.00	Officer Director	$0	$0	$0
LEWIS THOMAS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MAX HEADLEY	TREASURER	1.00	Officer Director	$0	$0	$0
JAMIE ELLIOTT	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN COBB	DIRECTOR	1.00	Director	$0	$0	$0
SHEILA CUFFEE	DIRECTOR	1.00	Director	$0	$0	$0
CECIL GIBBS	DIRECTOR	1.00	Director	$0	$0	$0
GLORIA JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
HAROLD JONES	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MONK	DIRECTOR	1.00	Director	$0	$0	$0
RALEIGH PURDIE	GROUNDS INSPECTOR	1.00	Director	$0	$0	$0
JOSHUA RACE	DIRECTOR	1.00	Director	$0	$0	$0
DORIS STANCIL	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD VANN	DIRECTOR	1.00	Director	$0	$0	$0
HILTON VILLINES	DIRECTOR	1.00	Director	$0	$0	$0
CORNELIUS WADDELL	DIRECTOR	1.00	Director	$0	$0	$0
BELVIA WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
LAVAR WRIGHT	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
2024	$1,509,282	$1,838,890	$7,202,525	$-329,608
2023	$1,455,718	$1,615,789	$7,901,199	$-160,071
2022	$1,438,360	$1,483,284	$8,179,810	$-44,924
2021	$1,408,256	$2,170,541	$8,359,502	$-762,285
2020	$1,383,396	$1,596,512	$8,786,139	$-213,116
2019	$1,366,877	$1,628,079	$9,078,896	$-261,202
2018	$1,379,085	$1,509,566	$9,037,850	$-130,481

FBC CORPORATION