SALISBURY COMMUNITY DEVELOPMENT CORPORATION INC (EIN 581627430) - 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

1985

Legal Domicile

Principal Officer

DAVID R MCCOY

Phone

7046384474

Tax Period

2022-07-01 to 2023-06-30

SALISBURY COMMUNITY DEVELOPMENT CORPORATION INC, founded in 1985, is a small nonprofit in the Housing & Shelter sector that reported $671K in total revenue in fiscal year 2022. Revenue decreased 18% compared to the prior year. Expenses of $620K left a modest 8% surplus.

Mission

TO ASSIST LOW AND MODERATE INCOME PERSONS TO OBTAINED AFFORDABLE HOUSING.

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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 (2022)

Revenue Breakdown

Contributions & Grants $617,722

Program Service Revenue $53,335

Investment Income $387

Other Revenue $0

TOTAL REVENUE $671,444

Expense Breakdown

Grants Paid $21,250

Salaries & Benefits $302,137

Fundraising Expenses $0

Program Expenses $418,962

Other Expenses $296,436

TOTAL EXPENSES $619,823

Year-over-Year Comparison

	2022	2021	Change
Revenue	$671,444	$814,671	-0.2%
Expenses	$619,823	$553,447	+0.1%
Net Income	$51,621	$261,224	-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

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
KAREN ALEXANDER	SECRETARY	N/A	Officer Director	$0	$0	$0
REV NILOUS AVERY	DIRECTOR	N/A	Director	$0	$0	$0
LANE BAILEY	DIRECTOR	N/A	Director	$0	$0	$0
MAE CARROLL	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
SHIRLEY JOHNSON	DIRECTOR	N/A	Director	$0	$0	$0
DAVID R MCCOY	PRESIDENT	N/A	Officer Director	$0	$0	$0
ED MUIRE	DIRECTOR	N/A	Director	$0	$0	$0
DAVID TREME	DIRECTOR	N/A	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
2023	$671,444	$619,823	$2,782,598	$51,621
2022	$814,671	$553,447	$2,535,485	$261,224
2021	$342,466	$454,060	$1,621,255	$-111,594
2020	$365,014	$460,065	$1,550,172	$-95,051
2019	$622,980	$468,020	$1,714,955	$154,960
2018	$388,165	$365,475	$1,686,335	$22,690

SALISBURY COMMUNITY DEVELOPMENT CORPORATION INC