LINCOLN COUNTY SENIOR HOUSING ASSOC

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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

8015732638

Tax Period

2025-01-01 to 2025-12-31

LINCOLN COUNTY SENIOR HOUSING ASSOC, founded in 1979, is a small nonprofit that reported $229K in total revenue in fiscal year 2025. Net assets of $594K represent 31 months of operating reserves.

Mission

PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY/DISABLED.

Program Service Accomplishments

Program 1

Expenses: $203,951 Revenue: $209,900

PROVIDE AFFORDABLE 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $209,900

Investment Income $15,293

Other Revenue $4,090

TOTAL REVENUE $229,283

Expense Breakdown

Grants Paid $0

Salaries & Benefits $137,402

Fundraising Expenses $0

Program Expenses $204,165

Other Expenses $99,352

TOTAL EXPENSES $236,754

Year-over-Year Comparison

	2025	2024	Change
Revenue	$229,283	$221,843	+0.0%
Expenses	$236,754	$252,106	-0.1%
Net Income	$-7,471	$-30,263	-0.8%

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
CAROLYN AIO	BOARD MEMBER	N/A	Director	$0	$0	$0
BRIAN CHENEY	BOARD MEMBER	N/A	Director	$0	$0	$0
IVA LEE GREEN	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
RON HOLLAND	BOARD MEMBER	N/A	Director	$0	$0	$0
LORIE RACE	CHAIRMAN	1.00	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
2025	$229,283	$236,754	$617,148	$-7,471
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