ARRAY COMMUNITY DEVELOPMENT CORP

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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

lavonda daniels

Phone

3365122365

Tax Period

2024-07-01 to 2025-06-30

ARRAY COMMUNITY DEVELOPMENT CORP, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $101K in total revenue in fiscal year 2024. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $196K exceeded revenue, resulting in a 94% operating deficit.

Mission

TO POSITIVELY CONTRIBUTE TO THE ECONOMIC HEALTH AND WELL BEING OF COASTAL AND RURAL EASTERN NC

Program Service Accomplishments

Program 1

Expenses: $185,487 Revenue: $27,719

THIS PROGRAM DISBURSES NC STATE APPROPRIATED FUNDS TO MICROLOANS

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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 $100,739

Program Service Revenue $0

Investment Income $109

Other Revenue $0

TOTAL REVENUE $100,848

Expense Breakdown

Grants Paid $0

Salaries & Benefits $46,927

Fundraising Expenses $0

Program Expenses $195,971

Other Expenses $149,044

TOTAL EXPENSES $195,971

Year-over-Year Comparison

	2024	2023	Change
Revenue	$100,848	$814,293	-0.9%
Expenses	$195,971	$188,107	+0.0%
Net Income	$-95,123	$626,186	-1.2%

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

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

$35,421

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAVONDA DANIELS	VICE CHAIR	40.0	Officer	$35,421	$0	$35,421
KEVIN DANIELS	CHAIRMAN	10.0	Officer	$0	$0	$0
ALTAREIT MILLER	BOARD MEMBER	1.0	Officer	$0	$0	$0
SHARII PHELPS	LOAN COMM MANAGER	1.0	Officer	$0	$0	$0
THOMAS KELLIS	BOARD ATTORNEY	1.0	Officer	$0	$0	$0
HARVEY WALKER	BOARD MEMBER	1.0	Officer	$0	$0	$0
JULIAN TRIP	BOARD MEMBER	1.0	Officer	$0	$0	$0
NATASCIAL HATCH	BOARD TREASURER	2.0	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	$100,848	$195,971	$738,485	$-95,123
2024	$814,293	$188,107	$811,394	$626,186
2023	$230,209	$90,650	$139,595	$139,559