Laurel Crest Endowment Trust

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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

1993

Legal Domicile

Tax Period

2020-05-01 to 2021-04-30

Laurel Crest Endowment Trust, founded in 1993, is a micro nonprofit that reported $40K in total revenue in fiscal year 2020. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $89K exceeded revenue, resulting in a 122% operating deficit.

Mission

Support FPCRC Inc and its support of the ministry of First Presbyterian Church

Program Service Accomplishments

Program 1

Expenses: $75,127

Provided funds to residents of Laurel Crest Retirement Community who were unable to pay monthly fees required to remain at Laurel Crest

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $40,037

Other Revenue $0

TOTAL REVENUE $40,037

Expense Breakdown

Grants Paid $75,127

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $75,127

Other Expenses $13,779

TOTAL EXPENSES $88,906

Year-over-Year Comparison

	2020	2019	Change
Revenue	$40,037	$51,165	-0.2%
Expenses	$88,906	$58,091	+0.5%
Net Income	$-48,869	$-6,926	+6.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David G Hodges Jr	Director	0.25	Director	$0	$0	$0
Franklin Fant	Director	0.25	Director	$0	$0	$0
James A Herlong	Treasurer	0.25	Officer Director	$0	$0	$0
Claude Walker Jr	Chairman	0.25	Officer Director	$0	$0	$0
Wilson Farrell	Secretary	0.25	Officer 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
2021	$40,037	$88,906	$3,211,892	$-48,869
2021	$148,655	$49,967	No data	$98,688
2020	$51,165	$69,496	$2,391,570	$-18,331
2019	$94,013	$58,872	$2,528,275	$35,141
2019	$94,013	$58,872	$2,528,275	$35,141