FRA LOW COUNTRY HOME INC (EIN 582441500) - 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

1999

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

FRA LOW COUNTRY HOME INC, founded in 1999, is a small nonprofit in the Public & Societal Benefit sector that reported $291K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Net assets of $646K represent 27 months of operating reserves.

Mission

An organization of veterans from Navy, Marine and Coast Guard for the purpose of performing community services for indigent and needy citizens. Organized under 503C(19)

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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 (2023)

Revenue Breakdown

Contributions & Grants $9,849

Program Service Revenue $0

Investment Income $8

Other Revenue $281,635

TOTAL REVENUE $291,492

Expense Breakdown

Grants Paid $0

Salaries & Benefits $103,398

Fundraising Expenses $0

Other Expenses $182,788

TOTAL EXPENSES $286,186

Year-over-Year Comparison

	2023	2022	Change
Revenue	$291,492	$343,359	-0.2%
Expenses	$286,186	$362,068	-0.2%
Net Income	$5,306	$-18,709	-1.3%

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
TIMOTHY BAILEY	DIRECTOR	0.00	Officer Director	$0	$0	$0
LAURIE A BAILEY	DIRECTOR	0.00	Officer Director	$0	$0	$0
SUSAN L PETERS	DIRECTOR	0.00	Officer Director	$0	$0	$0
YVONNE D WALLACE	DIRECTOR	0.00	Officer Director	$0	$0	$0
KENNETH EALY	DIRECTOR	0.00	Officer Director	$0	$0	$0
KENNETH A WALLACE	CHAIRMAN	0.00	Officer Director	$0	$0	$0
LINDA L COX	DIRECTOR	0.00	Officer Director	$0	$0	$0
ROBERTA SUTTON	ADMINISTRATIVE SECRETARY	2.00	Officer Director	$0	$0	$0
LUCINDA A BRYAN	FINANCIAL SECRETARY	0.00	Officer Director	$0	$0	$0
MARILYN THARP	DIRECTOR	0.00	Officer Director	$0	$0	$0
JOHN E THARP	DIRECTOR	0.00	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	No data	No data	No data	No data
2023	$291,492	$286,186	$660,732	$5,306
2022	$343,359	$362,068	$659,180	$-18,709
2021	$222,639	$302,412	$662,932	$-79,773
2020	$289,146	$310,440	$742,518	$-21,294

FRA LOW COUNTRY HOME INC