TGM REALTY CORP#20

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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

1998

Legal Domicile

Principal Officer

OZ TORAMAN

Phone

2128309300

Tax Period

2024-01-01 to 2024-12-31

TGM REALTY CORP#20, founded in 1998, is a mid-sized nonprofit in the Community Improvement sector that reported $26.8M in total revenue in fiscal year 2024. The organization ran a surplus of $18.5M, a strong 69% operating margin.

Mission

OHIO PUBLIC EMPLOYEES RETIREMENT SYSTEM ("OPERS") WILL ACHIEVE ITS VISION BY ACTING IN THE BEST INTEREST OF ITS PARTICIPANTS, MAINTAINING THE FINANCIAL SECURITY OF THE TRUST FUND, AND PROVIDING EXCEPTIONAL SERVICE TO OUR MEMBERS, BENEFIT RECIPIENTS, AND EMPLOYERS.TGM REALTY CORP. #20 (THE "COMPANY") WAS FORMED TO PURCHASE, OPERATE, AND SELL MULTI-FAMILY RESIDENTIAL REAL ESTATE THROUGH ITS WHOLLY OWNED QUALIFIED SUBSIDIARIES. THE COMPANY IS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO PROPERTY, COLLECTING INCOME THEREFROM AND TURNING OVER THE ENTIRE AMOUNT LESS EXPENSES TO OPERS, AN ORGANIZATION WHICH IS EXEMPT FROM INCOME TAX. THE COMPANY IS WHOLLY OWNED BY OPERS.

Program Service Accomplishments

Program 1

NOT APPLICABLE - SEE ATTACHMENT 1

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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 $114,205

Other Revenue $26,692,241

TOTAL REVENUE $26,806,446

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $8,304,915

TOTAL EXPENSES $8,304,915

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,806,446	$27,340,918	0.0%
Expenses	$8,304,915	$8,255,475	+0.0%
Net Income	$18,501,531	$19,085,443	0.0%

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

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

$1,356,250

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN GOCHBERG	PRESIDENT & CEO, SOLE DIRECTOR	10.0	Officer	$324,730	$0	$324,730
MICHAEL G FRAZZETTA	Chief Financial Officer	10.0	Officer	$320,996	$0	$320,996
ZACHARY GOLDMAN	VICE PRESIDENT	10.0	Officer	$315,711	$0	$315,711
OZGUR TORAMAN	VICE PRESIDENT	10.0	Officer	$214,766	$0	$214,766
STEVEN MACY	Senior Vice President	10.0	Officer	$147,116	$0	$147,116
GALE MARAMBA	Corporate Scecretary	10.0	Officer	$32,931	$0	$32,931

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	$26,806,446	$8,304,915	$594,806,183	$18,501,531
2023	$27,340,918	$8,255,475	$571,704,376	$19,085,443
2022	$25,598,556	$8,171,091	$547,460,307	$17,427,465
2021	$22,200,197	$8,125,546	$499,485,449	$14,074,651
2020	$19,291,605	$8,113,440	$438,663,765	$11,178,165
2019	$21,537,949	$11,305,935	$426,571,511	$10,232,014