LUMBER RIVER DEVELOPMENT CORPORATION (EIN 562155945) - 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

2000

Legal Domicile

Principal Officer

WALTER DAVID RICHARDSON

Phone

9106185533

Tax Period

2024-07-01 to 2025-06-30

LUMBER RIVER DEVELOPMENT CORPORATION, founded in 2000, is a micro nonprofit in the Community Improvement sector that reported $89K in total revenue in fiscal year 2024.

Mission

THE ORGANIZATION'S EXEMPT PURPOSE IS TO HELP TO IMPROVE THE ECONOMIC DEVELOPMENT OF COMMUNITIES IN NORTH CAROLINA BY OBTAINING GRANTS AND OTHER FUNDING RESOURCES IN ORDER TO PROVIDE HOUSING AND WATER RESOURCES TO THESE COMMUNITIES.

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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 $55,936

Program Service Revenue $33,063

Investment Income $1

Other Revenue $455

TOTAL REVENUE $89,455

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $90,559

Other Expenses $90,559

TOTAL EXPENSES $90,559

Year-over-Year Comparison

	2024	2023	Change
Revenue	$89,455	$83,615	+0.1%
Expenses	$90,559	$90,299	+0.0%
Net Income	$-1,104	$-6,684	-0.8%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELINE DAVID	MEMBER	1.00	Officer	$0	$0	$0
CHARLES PETERSON	MEMBER	1.00	Officer	$0	$0	$0
JEFF ATKINSON	MEMBER	1.00	Officer	$0	$0	$0
JAMES LEACH	MEMBER	1.00	Officer	$0	$0	$0
JOHNNY BOYLES	MEMBER	1.00	Officer	$0	$0	$0
JOHN CUMMINGS	MEMBER	1.00	Officer	$0	$0	$0
DONNA O STUBBS	MEMBER	1.00	Officer	$0	$0	$0
TIM IVEY	MEMBER	1.00	Officer	$0	$0	$0
MARY JO ADAMS	MEMBER	1.00	Officer	$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	$89,455	$90,559	$201,933	$-1,104
2024	$83,615	$90,299	$213,805	$-6,684
2023	$76,108	$88,041	$238,066	$-11,933
2022	$51,022	$76,971	$248,299	$-25,949
2021	$64,751	$62,083	$286,387	$2,668
2020	$69,194	$80,609	$290,218	$-11,415

LUMBER RIVER DEVELOPMENT CORPORATION