LUMBER RIVER COG HOUSING CORPORATION (EIN 823167196) - 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

WALTER DAVID RICHARDSON

Phone

9106185533

Tax Period

2024-07-01 to 2025-06-30

LUMBER RIVER COG HOUSING CORPORATION, founded in 2017, is a small nonprofit in the Housing & Shelter sector that reported $203K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $305K exceeded revenue, resulting in a 50% operating deficit.

Mission

THE ORGANIZATION'S EXEMPT PURPOSE IS TO PROVIDE REPAIRS TO PUBLIC HOUSING IN NORTH CAROLINA. FUNDING RESOURCES WILL BE USED TO DEVELOP AND CONSTRUCT LOW-INCOME MULTIFAMILY HOUSING TO THESE COMMUNITIES.

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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 $195,168

Investment Income $5,634

Other Revenue $2,464

TOTAL REVENUE $203,266

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $304,967

Other Expenses $304,967

TOTAL EXPENSES $304,967

Year-over-Year Comparison

	2024	2023	Change
Revenue	$203,266	$186,423	+0.1%
Expenses	$304,967	$263,824	+0.2%
Net Income	$-101,701	$-77,401	+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

N/A

Independent Members

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELINE DAVID	MEMBER	1.00	Officer	$0	$0	$0
CHARLES PETERSON	MEMBER	1.00	Officer	$0	$0	$0
JEFF ATKINSON	MEMBER	1.00	Officer	$0	$0	$0
JAMES LEACH	MEMBER	1.00	Officer	$0	$0	$0
JOHNNY BOYLES	MEMBER	1.00	Officer	$0	$0	$0
JOHN CUMMINGS	MEMBER	1.00	Officer	$0	$0	$0
DONNA O STUBBS	MEMBER	1.00	Officer	$0	$0	$0
TIM IVEY	MEMBER	1.00	Officer	$0	$0	$0
MARY JO ADAMS	MEMBER	1.00	Officer	$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	$203,266	$304,967	$4,590,872	$-101,701
2024	$186,423	$263,824	$4,691,901	$-77,401
2023	$164,133	$307,203	$4,767,134	$-143,070
2022	$189,570	$208,318	$4,911,191	$-18,748
2021	$71,462	$94,980	$4,922,641	$-23,518
2020	No data	$18,108	$5,477,237	No data

LUMBER RIVER COG HOUSING CORPORATION