1159 SOUTH COMMUNITY DEVELOPMENT CORPORATION (EIN 842668950) - 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

1999

Legal Domicile

Phone

9375041259

Tax Period

2023-01-01 to 2023-12-31

1159 SOUTH COMMUNITY DEVELOPMENT CORPORATION, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $196K in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $31K, a strong 16% operating margin.

Mission

1159 South's mission is to significantly improve the economic conditions of low-income people housing appearance of distressed places and sense of community in the historically African American community of southwest Springfield OH through targeted investments in people and places.

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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 (2023)

Revenue Breakdown

Contributions & Grants $60,188

Program Service Revenue $136,168

Investment Income $4

Other Revenue $0

TOTAL REVENUE $196,360

Expense Breakdown

Grants Paid $600

Salaries & Benefits $44,763

Fundraising Expenses $0

Program Expenses $163,559

Other Expenses $120,276

TOTAL EXPENSES $165,639

Year-over-Year Comparison

	2023	2022	Change
Revenue	$196,360	$336,048	-0.4%
Expenses	$165,639	$325,901	-0.5%
Net Income	$30,721	$10,147	+2.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lawrence Beavers	Housing Director Community Navigator	40.00	Highest	$42,009	$0	$42,009
Lori Searcy	President	30.00	Officer Director	$0	$0	$0
Neal Browning	Vice President	1.00	Officer Director	$0	$0	$0
Kevena Williams	Board Member	1.00	Director	$0	$0	$0
Bobby Mims	Board Member	0.00	Director	$0	$0	$0
Conley Smoot	Board Member	0.00	Director	$0	$0	$0
Nicole Scott	Board Member	0.00	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	No data	No data	No data
2023	$196,360	$165,639	$98,731	$30,721
2022	$336,048	$325,901	$84,089	$10,147

1159 SOUTH COMMUNITY DEVELOPMENT CORPORATION