NEW DURHAM CORPORATION (EIN 561529636) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

Wanda Page

Phone

9195604455

Tax Period

2023-07-01 to 2024-06-30

NEW DURHAM CORPORATION, founded in 1986, is a community nonprofit in the Community Improvement sector that reported $9.5M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum.

Mission

To promote and encourage the revitalization of the City of Durham North Carolina.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,471,639

Investment Income $0

Other Revenue $0

TOTAL REVENUE $9,471,639

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,471,639

Other Expenses $9,471,639

TOTAL EXPENSES $9,471,639

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,471,639	$7,352,191	+0.3%
Expenses	$9,471,639	$7,352,191	+0.3%
Net Income	$0	$0	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
WANDA PAGE	President	0.50	Officer Director	$0	$0	$0
TIM FLORA	VICE-PRESIDENT	0.50	Officer Director	$0	$0	$0
MINDY TAYLOR	SECRETARY/TREASURER	0.50	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
2025	No data	No data	No data	No data
2024	$9,471,639	$9,471,639	$261,680,000	No data
2023	$7,352,191	$7,352,191	$226,600,958	No data
2022	$6,567,478	$6,567,478	$203,681,091	No data
2021	$7,603,444	$7,603,444	$176,755,000	No data
2020	$8,717,449	$8,717,449	$200,270,000	No data

NEW DURHAM CORPORATION