TURNING POINT COMMUNITY DEVELOPMENT CORPORATION (EIN 611449588) - 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

2003

Legal Domicile

Principal Officer

KIMIKO WILLIAMS

Phone

2529152683

Tax Period

2023-01-01 to 2023-12-31

TURNING POINT COMMUNITY DEVELOPMENT CORPORATION, founded in 2003, is a small nonprofit in the Human Services sector that reported $495K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $200K, a strong 40% operating margin.

Mission

TO SERVE AS A CATALYST FOR THE CONTINUED DEVELOPMENT, TRANSFORMATION, AND EMPOWERMENT OF COMMUNITIES IN VANCE, GRANVILLE, WARREN, AND FRANKLIN COUNTIES IN NORTH CAROLINA THROUGH THE PROVISION OF LEADERSHIP AND PROGRAMS IN THE AREAS OF EDUCATION, HEALTH AND WELLNESS, ECONOMIC DEVELOPMENT, AND COMMUNITY ENGAGEMENT.

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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 $123,855

Program Service Revenue $371,462

Investment Income $64

Other Revenue $0

TOTAL REVENUE $495,381

Expense Breakdown

Grants Paid $0

Salaries & Benefits $100,428

Fundraising Expenses $0

Program Expenses $222,502

Other Expenses $195,376

TOTAL EXPENSES $295,804

Year-over-Year Comparison

	2023	2022	Change
Revenue	$495,381	$379,292	+0.3%
Expenses	$295,804	$376,073	-0.2%
Net Income	$199,577	$3,219	+61.0%

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
KIMIKO WILLIAMS	President	2.00	Officer Director	$0	$0	$0
CARLTON TERRY III	Director	2.00	Officer Director	$0	$0	$0
CAMILLE JOHNSON	Treasurer	2.00	Officer Director	$0	$0	$0
BRAXTON M HENDERSON	Secretary	2.00	Director	$0	$0	$0
CHANDRA SLEDGE	Vice President	2.00	Officer Director	$0	$0	$0
WYKIA MACON	Director	2.00	Director	$0	$0	$0
AIMEE COOPER	Director	2.00	Director	$0	$0	$0
JERRY EDMONDS	Director	2.00	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
2024	No data	No data	No data	No data
2023	$495,381	$295,804	$415,353	$199,577
2022	$379,292	$376,073	$221,976	$3,219
2021	$538,990	$400,798	$225,649	$138,192
2020	$188,473	$148,228	$73,927	$40,245

TURNING POINT COMMUNITY DEVELOPMENT CORPORATION