LAURELWOOD INC OF SPARTANBURG (EIN 571019592) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

RON LAUGHRIDGE

Phone

8645827110

Tax Period

2024-07-01 to 2025-06-30

LAURELWOOD INC OF SPARTANBURG, founded in 1995, is a small nonprofit in the Human Services sector that reported $125K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $157K exceeded revenue, resulting in a 26% operating deficit.

Mission

PROVIDING HOUSING FOR LOW INCOME CHRONICALLY MENTALLY ILL PERSONS BY OPERATING A HUD-ASSISTED APARTMENT COMMUNITY REGULATED UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT OF 1990.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $124,856

Investment Income $287

Other Revenue $0

TOTAL REVENUE $125,143

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,772

Fundraising Expenses $0

Program Expenses $134,513

Other Expenses $122,632

TOTAL EXPENSES $157,404

Year-over-Year Comparison

	2024	2023	Change
Revenue	$125,143	$100,485	+0.2%
Expenses	$157,404	$146,002	+0.1%
Net Income	$-32,261	$-45,517	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
HELEN WEST	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WHITE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOHNNY MARTINEZ	DIRECTOR	1.00	Director	$0	$0	$0
LIZ EGGERDING	DIRECTOR	1.00	Director	$0	$0	$0
BOB REYNOLDS	CHAIR	1.00	Officer Director	$0	$0	$0
GERRI REBELLO	SECRETARY	1.00	Officer Director	$0	$0	$0
RALPH WESSINGER	TREASURER	1.00	Officer Director	$0	$0	$0
RON LAUGHRIDGE	DIRECTOR	1.00	Director	$0	$0	$0
JACINTA WILLIAMS	DIRECTOR	1.00	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
2025	$125,143	$157,404	$418,355	$-32,261
2024	$100,485	$146,002	$452,164	$-45,517
2023	$113,657	$133,729	$495,374	$-20,072
2022	$101,430	$153,637	$540,085	$-52,207
2021	$109,978	$136,100	$571,424	$-26,122
2020	$110,983	$146,451	$595,805	$-35,468

LAURELWOOD INC OF SPARTANBURG