Home Solutions of Davidson County NC Inc (EIN 561998627) - 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

1996

Legal Domicile

Principal Officer

Atalia Cardenas

Phone

3362361675

Tax Period

2023-07-01 to 2024-06-30

Home Solutions of Davidson County NC Inc, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $444K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year.

Mission

HSDCNC's mission is to educate, empower, and affirm individuals and families to achieve homeownership, develop new affordable housing, and improve existing housing in the Lexington 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 $323,917

Program Service Revenue $61,660

Investment Income $-883

Other Revenue $59,103

TOTAL REVENUE $443,797

Expense Breakdown

Grants Paid $0

Salaries & Benefits $226,015

Fundraising Expenses $20,374

Program Expenses $336,455

Other Expenses $221,696

TOTAL EXPENSES $447,711

Year-over-Year Comparison

	2023	2022	Change
Revenue	$443,797	$468,631	-0.1%
Expenses	$447,711	$436,624	+0.0%
Net Income	$-3,914	$32,007	-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

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

$54,425

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sid Biesecker	Director	1.00	Director	$0	$0	$0
Beth Hibbitts	Chair	1.00	Officer Director	$0	$0	$0
Atalia I Cardenas	Vice Chair	1.00	Officer Director	$0	$0	$0
Sandy Walker	Secretary	1.00	Officer Director	$0	$0	$0
Al Armstrong	Director	1.00	Director	$0	$0	$0
Lori Clement	Treasurer	1.00	Officer Director	$0	$0	$0
June Rebecca Britt	Director	1.00	Director	$0	$0	$0
Melissa Lowman	Director	1.00	Director	$0	$0	$0
Garrett Holloway	Director	1.00	Director	$0	$0	$0
Patti Hartzog	Director	1.00	Director	$0	$0	$0
Eric Kuppel	Director	1.00	Director	$0	$0	$0
TJ Norris	Director	1.00	Director	$0	$0	$0
Sylvia Walser	Director	1.00	Director	$0	$0	$0
Jeannette Shepherd	Director	1.00	Director	$0	$0	$0
April Crowson	Director	1.00	Director	$0	$0	$0
Toby Prince	Executive Director	40.00	Officer	$0	$1,560	$54,425

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	$443,797	$447,711	$882,976	$-3,914
2023	$468,631	$436,624	$893,571	$32,007
2022	$1,021,650	$407,776	$963,296	$613,874
2020	$380,113	$358,559	$376,238	$21,554
2019	$307,617	$337,836	$221,013	$-30,219

Home Solutions of Davidson County NC Inc