Watauga Residential Development Corporation (EIN 581727579) - 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

1988

Legal Domicile

Principal Officer

Kristie Hammonds

Phone

4234673600

Tax Period

2022-07-01 to 2023-06-30

Watauga Residential Development Corporation, founded in 1988, is a micro nonprofit in the Mental Health sector that reported $79K in total revenue in fiscal year 2022. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $90K exceeded revenue, resulting in a 14% operating deficit.

Mission

Housing for the Mentally Ill

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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 $0

Program Service Revenue $79,220

Investment Income $1

Other Revenue $0

TOTAL REVENUE $79,221

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $83,519

Other Expenses $89,967

TOTAL EXPENSES $89,967

Year-over-Year Comparison

	2022	2021	Change
Revenue	$79,221	$255,580	-0.7%
Expenses	$89,967	$77,255	+0.2%
Net Income	$-10,746	$178,325	-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

N/A

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
Sherri Feathers	Board Member	N/A	Director	$0	$0	$0
Eric Greene	Board Member	N/A	Director	$0	$0	$0
Tim Perry	Board Member	N/A	Director	$0	$0	$0
Kimberly Trantham	Board Member	N/A	Director	$0	$0	$0
Kristie Hammonds	President	N/A	Officer	$0	$0	$0
Virginia Naseri	Vice President	N/A	Officer	$0	$0	$0
Diane Bowen	Secretary	N/A	Officer	$0	$0	$0
Rachel Parsons	Treasurer	N/A	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
2023	$79,221	$89,967	$216,179	$-10,746
2022	$255,580	$77,255	$242,569	$178,325

Watauga Residential Development Corporation