LAUREL CREST RETIREMENT COMMUNITY (EIN 822636406) - 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

L FRANKLIN FANT

Phone

8037725885

Tax Period

2022-01-01 to 2022-12-31

LAUREL CREST RETIREMENT COMMUNITY, founded in 2017, is a community nonprofit that reported $7.4M in total revenue in fiscal year 2022.

Mission

LAUREL CREST RETIREMENT COMMUNITY IS A NOT-FOR-PROFIT LIFE PLAN COMMUNITY THAT OFFERS A VARIETY OF LIFESTYLE CHOICES TO MEET THE DIVERSE AND CHANGING NEEDS OF TODAY'S SENIORS. THEIR MISSION STATEMENT: WE ARE A COMPASSIONATE CHRISTIAN MINISTRY DEDICATED TO ENRICHING THE QUALITY OF LIFE FOR SENIORS OF ALL FAITHS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $82,631

Program Service Revenue $7,252,432

Investment Income $11,866

Other Revenue $4,649

TOTAL REVENUE $7,351,578

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,270,684

Fundraising Expenses $0

Program Expenses $7,296,126

Other Expenses $4,679,579

TOTAL EXPENSES $7,950,263

Year-over-Year Comparison

	2022	2021	Change
Revenue	$7,351,578	$7,008,293	+0.0%
Expenses	$7,950,263	$7,462,096	+0.1%
Net Income	$-598,685	$-453,803	+0.3%

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

168

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

$763,356

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIAN J NEXSEN JR	CHAIR	1.00	Officer Director	$0	$0	$0
REVEREND DR R D HOLLOWAY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
WALLY GRAVES	SECRETARY	1.00	Officer Director	$0	$0	$0
DR PRISCILLA W HOLTZCLAW	BOARD MEMBER	1.00	Director	$0	$0	$0
DR RICHARD S MCCAIN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOEL D LEDBETTER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN S LONG	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK CLARY	BOARD MEMBER	1.00	Director	$0	$0	$0
MARTHA CASTO	BOARD MEMBER	1.00	Director	$0	$0	$0
PAIGE PARSONS-LEWIS	BOARD MEMBER	1.00	Director	$0	$0	$0
REVEREND DR DEBORAH FOSTER	BOARD MEMBER	1.00	Director	$0	$0	$0
REVEREND DR ERIC SKIDMORE	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM F HALLIGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM H HANCOCK CPA	BOARD MEMBER	1.00	Director	$0	$0	$0
LUTHER F FANT	CEO	1.00	Officer	$0	$14,318	$347,628
AMANDA STAMPER	COO	1.00	Officer	$0	$12,137	$232,479
W CHAD MELVEN CPA	CFO	1.00	Officer	$0	$5,627	$183,249
JAMES DEEL	EXECUTIVE DIRECTOR	1.00	Highest	$147,648	$10,476	$158,124

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
2022	$7,351,578	$7,950,263	No data	$-598,685
2021	$7,008,293	$7,462,096	$30,245,637	$-453,803
2020	$7,310,400	$7,581,573	$30,032,378	$-271,173
2020	$7,310,400	$7,581,573	$30,032,378	$-271,173
2019	$6,955,288	$7,250,876	$32,141,501	$-295,588
2018	$11,357,269	$7,045,578	$32,362,163	$4,311,691

LAUREL CREST RETIREMENT COMMUNITY