River City Community Development Corporation (EIN 561709321) - 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

1988

Legal Domicile

Principal Officer

Lenora Jarvis - Mackey

Phone

2523311425

Tax Period

2024-01-01 to 2024-12-31

River City Community Development Corporation, founded in 1988, is a small nonprofit in the Housing & Shelter sector that reported $933K in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring.

Mission

Strengthen communities and improve the quality of life in Northeastern NC. Provide affordable housing, economic and workforce development, health and wellness, cultural awareness and youth empowerment.

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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 $728,008

Program Service Revenue $104,935

Investment Income $0

Other Revenue $99,624

TOTAL REVENUE $932,567

Expense Breakdown

Grants Paid $0

Salaries & Benefits $448,230

Fundraising Expenses $0

Program Expenses $461,421

Other Expenses $472,981

TOTAL EXPENSES $921,211

Year-over-Year Comparison

	2024	2023	Change
Revenue	$932,567	$1,428,325	-0.3%
Expenses	$921,211	N/A	N/A
Net Income	$11,356	$1,428,325	-1.0%

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

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

Total Directors

$100,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lenora Jarvis - Mackey	Executive Director	040.00	Director	$100,000	$0	$100,000
Dr Ulysses Bell	Chairperson	005.00	Director	$0	$0	$0
Jeremy Bailey	Board Member	001.00	Director	$0	$0	$0
Dr Saundra Copeland	Board Member	001.00	Director	$0	$0	$0
Jennifer Lucas	Board Member	001.00	Director	$0	$0	$0
Aubrey H J Mitchell	Board Member	001.00	Director	$0	$0	$0
Frank Simpson Jr	Board Member	001.00	Director	$0	$0	$0
Dr Kevin Wade	Board Member	001.00	Director	$0	$0	$0
Harold Barnes Sr	Board Member	001.00	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	$932,567	$921,211	$1,567,774	$11,356
2022	$1,024,563	$1,597,144	$1,231,003	$-572,581
2021	$1,640,817	$1,645,074	$1,287,283	$-4,257
2020	$1,504,808	$1,607,936	$1,718,423	$-103,128
2019	$851,797	$849,552	$1,726,004	$2,245
2018	$815,372	$868,158	$1,716,707	$-52,786

River City Community Development Corporation