NORTH CAROLINA INDEPENDENT LIVING OF DEAF PERSONS INC (EIN 582213238) - 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

1995

Legal Domicile

Principal Officer

JAMES MCLEOD WILSON

Phone

3367653906

Tax Period

2024-01-01 to 2024-12-31

NORTH CAROLINA INDEPENDENT LIVING OF DEAF PERSONS INC, founded in 1995, is a small nonprofit in the Human Services sector that reported $141K in total revenue in fiscal year 2024. Expenses of $155K exceeded revenue, resulting in a 10% operating deficit.

Mission

NORTH CAROLINA INDEPENDENT LIVING OF DEAF PERSONS WAS ORGANIZED TO OWN AND OPERATE A 22-UNIT APARTMENT COMMUNITY IN CHARLOTTE, NORTH CAROLINA KNOWN AS TILLINGHAST PLACE APARTMENTS, PURSUANT TO SECTION 811 OF THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION HAS ENTERED INTO STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS), WHILE HUD PAYS THE BALANCE OF THE RENT.

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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 $53,020

Program Service Revenue $87,833

Investment Income $16

Other Revenue $0

TOTAL REVENUE $140,869

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $146,741

Other Expenses $155,354

TOTAL EXPENSES $155,354

Year-over-Year Comparison

	2024	2023	Change
Revenue	$140,869	$137,231	+0.0%
Expenses	$155,354	$152,689	+0.0%
Net Income	$-14,485	$-15,458	-0.1%

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	Role	Reportable Comp	Other Comp	Total
JAMES MCLEOD WILSON	PRESIDENT	Officer Director	$0	$0	$0
MARK DEAN BAUCOM	VICE-PRESIDENT	Officer Director	$0	$0	$0
FRANCES COLLETT APPERSON	SECRETARY	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
2024	$140,869	$155,354	$771,954	$-14,485
2023	$137,231	$152,689	$791,415	$-15,458
2022	$142,817	$135,848	$801,466	$6,969
2021	$140,967	$139,651	$793,427	$1,316
2020	$144,322	$158,356	$816,260	$-14,034
2019	$141,660	$145,602	$823,231	$-3,942
2018	$139,787	$148,277	$824,133	$-8,490

NORTH CAROLINA INDEPENDENT LIVING OF DEAF PERSONS INC