EAST CAROLINA COMMUNITY DEVELOPMENT INC (EIN 561909969) - 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

1995

Legal Domicile

Principal Officer

KEITH D WALKER

Phone

2525043996

Tax Period

2023-07-01 to 2024-06-30

EAST CAROLINA COMMUNITY DEVELOPMENT INC, founded in 1995, is a community nonprofit in the Housing & Shelter sector that reported $4.7M in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum. Expenses of $5.9M exceeded revenue, resulting in a 26% operating deficit.

Mission

TO IMPROVE AND ENHANCE THE STANDARD OF LIVING OF THE PEOPLE OF NORTH CAROLINA BY PROMOTING SMALL BUSINESS DEVELOPMENT AND DEVELOPING AFFORDABLE HOUSING WITHIN ITS SERVICE AREA.

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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 $418,112

Program Service Revenue $4,237,576

Investment Income $17,177

Other Revenue $0

TOTAL REVENUE $4,672,865

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,044,306

Fundraising Expenses $0

Program Expenses $5,787,094

Other Expenses $4,838,180

TOTAL EXPENSES $5,882,486

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,672,865	$3,018,625	+0.5%
Expenses	$5,882,486	$3,470,884	+0.7%
Net Income	$-1,209,621	$-452,259	+1.7%

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

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

$449,836

Total Directors

$284,050

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT CAMPBELL	CHAIRMAN	4.00	Officer Director	$0	$0	$0
DAVID NATEMAN	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
SANDY HEWITT-GIACOBBI	DIRECTOR	1.00	Director	$0	$0	$0
TYISHA TEEL	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN FIKE	DIRECTOR	1.00	Director	$0	$0	$0
KEITH D WALKER	CEO & PRESIDENT	40.00	Officer Director	$258,775	$25,275	$284,050
SHARII PHELPS	DIRECTOR	1.00	Director	$0	$0	$0
ENA WALKER	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG WAGNER	DIRECTOR	1.00	Director	$0	$0	$0
LYNDA E LAND	CFO	40.00	Officer	$148,214	$17,572	$165,786

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	$4,672,865	$5,882,486	$37,594,034	$-1,209,621
2023	$3,018,625	$3,470,884	$28,723,511	$-452,259
2022	$2,164,588	$2,596,811	$21,056,335	$-432,223
2021	$3,072,433	$3,094,027	$21,533,184	$-21,594
2020	$3,681,925	$3,674,510	$21,012,773	$7,415
2019	$2,401,417	$2,399,023	$20,757,661	$2,394
2019	$2,673,092	$3,001,320	$20,720,743	$-328,228
2018	$1,249,961	$1,436,124	$12,682,891	$-186,163

EAST CAROLINA COMMUNITY DEVELOPMENT INC