FIRST CONCORD CORPORATION (EIN 561753874) - 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

1991

Legal Domicile

Principal Officer

JESSICA JONES

Phone

7049205218

Tax Period

2024-07-01 to 2025-06-30

FIRST CONCORD CORPORATION, founded in 1991, is a community nonprofit in the Public & Societal Benefit sector that reported $3.8M in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 30% operating margin.

Mission

THE CORPORATION ASSISTS THE CITY OF CONCORD IN CARRYING OUT ITS GOVERNMENTAL FUNCTIONS THROUGH ACQUISITION, CONSTRUCTION, OPERATION AND SALE OR LEASE OF REAL ESTATE, IMPROVEMENTS, FACILITIES AND EQUIPMENT FOR THE USE AND BENEFIT OF THE GENERAL PUBLIC

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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 $3,359,560

Program Service Revenue $0

Investment Income $484,202

Other Revenue $0

TOTAL REVENUE $3,843,762

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,698,890

Other Expenses $2,698,890

TOTAL EXPENSES $2,698,890

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,843,762	$2,302,031	+0.7%
Expenses	$2,698,890	$2,091,231	+0.3%
Net Income	$1,144,872	$210,800	+4.4%

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

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

$652,140

Total Directors

$652,140

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WAYNE KING	PRESIDENT & CHAIRMAN OF TH	1.00	Officer Director	$0	$0	$0
IRVIN T NEWBERRY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LLOYD W PAYNE JR	SECRETARY - TREASURER	1.00	Officer Director	$0	$94,950	$425,839
JESSICA JONES	ASSISTANT SECRETARY	1.00	Officer Director	$0	$57,483	$226,301

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	$3,843,762	$2,698,890	$29,353,594	$1,144,872
2024	$2,302,031	$2,091,231	$18,592,909	$210,800
2023	$2,350,625	$2,012,262	$19,400,017	$338,363
2022	$2,358,784	$30,333,327	$20,714,821	$-27,974,543
2021	$3,432,956	$3,432,601	$49,366,770	$355
2020	$3,860,898	$3,773,939	$52,670,328	$86,959
2019	$4,385,993	$3,912,320	$56,004,593	$473,673
2018	$4,461,775	$4,005,213	$58,921,903	$456,562

FIRST CONCORD CORPORATION