BLACK RIVER AREA HOUSING DEVELOPMENT CORPORATION FOR LAWRENCE COUNTY (EIN 710586047) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Phone

8708924547

Tax Period

2025-01-01 to 2025-12-31

BLACK RIVER AREA HOUSING DEVELOPMENT CORPORATION FOR LAWRENCE COUNTY, founded in 1983, is a small nonprofit in the Housing & Shelter sector that reported $213K in total revenue in fiscal year 2018. Revenue decreased 12% compared to the prior year. Expenses of $182K left a modest 15% surplus.

Mission

THE PROJECT WAS FORMED TO CONSTRUCT AND OPERATE THEREON AN APARTMENT COMPLEX OF 20 UNITS LOCATED IN WALNUT RIDGE, ARKANSAS. THE PROJECT IS OPERATED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AND REGULATED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AS TO RENT CHARGES AND OPERATING METHODS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $171,473

Program Service Revenue $85,938

Investment Income $5,955

Other Revenue $4,946

TOTAL REVENUE $268,312

Expense Breakdown

Grants Paid $0

Salaries & Benefits $57,153

Fundraising Expenses $0

Program Expenses $163,818

Other Expenses $157,035

TOTAL EXPENSES $214,188

Year-over-Year Comparison

	2025	2024	Change
Revenue	$268,312	$246,737	+0.1%
Expenses	$214,188	$189,641	+0.1%
Net Income	$54,124	$57,096	-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

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

$128,932

Total Directors

$128,932

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY THOMAS	Executive Dir.	0.50	Officer Director	$0	$0	$73,324
HASSEL PATTERSON	Vice President	10.00	Officer Director	$0	$0	$55,608
AMANDA TREVILLION	Secretary	0.50	Officer Director	$0	$0	$0
FRED MARTIN	President	0.50	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
2025	$268,312	$214,188	$825,496	$54,124
2024	$246,737	$189,641	$797,807	$57,096
2023	$238,626	$172,449	$765,298	$66,177
2022	$272,300	$174,133	$743,424	$98,167
2021	$226,537	$186,918	$683,540	$39,619
2020	$213,450	$187,464	$628,376	$25,986
2019	$214,223	$191,189	$636,501	$23,034
2018	$213,093	$182,017	$625,284	$31,076

BLACK RIVER AREA HOUSING DEVELOPMENT CORPORATION FOR LAWRENCE COUNTY