LINCOLN COUNTY SENIOR HOUSING ASSOC (EIN 820349573) - 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

1979

Legal Domicile

Principal Officer

LORIE RACE

Phone

2085442424

Tax Period

2024-01-01 to 2024-12-31

LINCOLN COUNTY SENIOR HOUSING ASSOC, founded in 1979, is a small nonprofit that reported $222K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $252K exceeded revenue, resulting in a 14% operating deficit.

Mission

PROVIDE SUBSIDIZED HOUSING FOR THE ELDERLY/DISABLED.

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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 $0

Program Service Revenue $208,163

Investment Income $13,412

Other Revenue $268

TOTAL REVENUE $221,843

Expense Breakdown

Grants Paid $0

Salaries & Benefits $160,019

Fundraising Expenses $0

Program Expenses $252,106

Other Expenses $92,087

TOTAL EXPENSES $252,106

Year-over-Year Comparison

	2024	2023	Change
Revenue	$221,843	$203,072	+0.1%
Expenses	$252,106	$234,148	+0.1%
Net Income	$-30,263	$-31,076	0.0%

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
IVA LEE GREEN	BOARD MEMBER	N/A	Director	$0	$0	$0
RON HOLLAND	BOARD MEMBER	N/A	Director	$0	$0	$0
LEROY LEE	BOARD MEMBER	N/A	Director	$0	$0	$0
LORIE RACE	CHAIRMAN	N/A	Officer Director	$0	$0	$0
LORIE RACE	BOARD MEMBER	N/A	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	$221,843	$252,106	$627,181	$-30,263
2023	$203,072	$234,148	$656,033	$-31,076
2022	$185,030	$227,978	$682,460	$-42,948
2021	$182,811	$201,922	$725,226	$-19,111
2020	$180,597	$199,264	$742,864	$-18,667
2019	$180,072	$170,085	$761,302	$9,987
2018	$170,392	$159,143	$751,643	$11,249

LINCOLN COUNTY SENIOR HOUSING ASSOC