Central Carolina Strategic Developers (EIN 821730962) - 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

2017

Legal Domicile

Principal Officer

Dr Michael Threatt

Phone

9197767655

Tax Period

2024-01-01 to 2024-12-31

Mission

The corporation is organized and shall be operated exclusively for charitable purposes which are exempt from Federal Income Tax under Section 501(c)(3) of the Internal Revenue Code of 1986 (or the corresponding provisions of any future United States Internal Revenue Laws). The corporation is also a charitable corporation as defined in NCGS SSA-1-40(4). Specifically, the corporation is established as asupporting organization whose exclusive purpose is to support and carry out the purpose of the Sanford Housing Authority in providing affordable housing to low-income persons.

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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 $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $204,056

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $207,012

Other Expenses $2,956

TOTAL EXPENSES $207,012

Year-over-Year Comparison

	2024	2023	Change
Revenue	N/A	$206,811	-1.0%
Expenses	$207,012	$4,451	+45.5%
Net Income	N/A	$202,360	N/A

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

$5,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marcus Goodson	Former Interim CEO	1.00		$0	$0	$80,000
Dr Michael Threatt	CEO	2.50	Officer	$0	$0	$5,000
Diane Sinnamon	Resident	0.05	Director	$0	$0	$0
Dr Karen Wicker	Director	0.05	Director	$0	$0	$0
Hope White	Board Chair	0.05	Officer Director	$0	$0	$0
Jacqueline Dalrymple	Director	0.05	Director	$0	$0	$0
William Newby	Vice Chair	0.05	Officer Director	$0	$0	$0
Holly Aeschliman	Director	0.05	Director	$0	$0	$0
Erin Britton	Director	0.05	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	$207,012	$691,765	No data
2023	$206,811	$4,451	$897,040	$202,360
2022	$20	$26,957	$694,072	$-26,937
2021	$652,264	$89,448	$721,009	$562,816

Central Carolina Strategic Developers