CUMBERLAND REGIONAL DEVELOPMENT CORPORATION (EIN 621651393) - 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

1996

Legal Domicile

Principal Officer

HOLLY WILLIAMS

Phone

9314324111

Tax Period

2024-07-01 to 2025-06-30

CUMBERLAND REGIONAL DEVELOPMENT CORPORATION, founded in 1996, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 15% operating deficit.

Mission

THE ENTITY WAS ORGANIZED TO CONSTRUCT AND OPERATE LOW INCOME HOUSING FOR THE DISABLED AND ELDERLY IN THE UPPER CUMBERLAND DISTRICT

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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 $195,417

Program Service Revenue $1,108,135

Investment Income $12,600

Other Revenue $30,406

TOTAL REVENUE $1,346,558

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,423,866

Other Expenses $1,545,294

TOTAL EXPENSES $1,545,294

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,346,558	$1,714,324	-0.2%
Expenses	$1,545,294	$1,692,215	-0.1%
Net Income	$-198,736	$22,109	-10.0%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOLLY WILLIAMS	PRESIDENT	1.00	Officer Director	$0	$0	$0
BARBARA WITZIGMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD DRIVER	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID VIDRINE	BOARD MEMBER	1.00	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
2025	$1,346,558	$1,545,294	$8,057,982	$-198,736
2024	$1,714,324	$1,692,215	$8,416,733	$22,109
2023	$1,177,501	$1,438,302	$8,287,444	$-260,801
2022	$1,264,639	$1,303,071	$8,472,846	$-38,432
2021	$1,264,273	$1,272,094	$8,640,832	$-7,821
2020	$1,414,065	$1,424,520	$8,708,439	$-10,455
2019	$1,606,433	$1,624,948	$7,172,649	$-18,515
2018	$1,071,549	$1,117,868	$5,389,098	$-46,319

CUMBERLAND REGIONAL DEVELOPMENT CORPORATION