THE GULFPORT MULTIPURPOSE SENIOR C… - Form 990 Financial Data

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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

2003

Legal Domicile

Principal Officer

JENNIFER TERRANA

Tax Period

2023-01-01 to 2023-12-31

THE GULFPORT MULTIPURPOSE SENIOR CENTER FOUNDATION, founded in 2003, is a small nonprofit in the Human Services sector that reported $171K in total revenue in fiscal year 2023. Revenue surged 103% from the prior year, signaling strong growth momentum. The organization ran a surplus of $123K, a strong 72% operating margin.

Mission

Support for Senior Center in Gulfport, FL

Program Service Accomplishments

Program 1

Expenses: $29,154

To raise and distribute funds that support and enhance health, educational, social and recreational programs and services of the Gulfport Multipurpose Senio Center.

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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 $121,068

Program Service Revenue $0

Investment Income $14

Other Revenue $50,393

TOTAL REVENUE $171,475

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $29,154

Other Expenses $48,283

TOTAL EXPENSES $48,283

Year-over-Year Comparison

	2023	2022	Change
Revenue	$171,475	$84,270	+1.0%
Expenses	$48,283	$51,199	-0.1%
Net Income	$123,192	$33,071	+2.7%

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

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
Aimee Kosta	Director	001.00	Director	$0	$0	$0
Beverly Newcomb	Director	001.00	Director	$0	$0	$0
Norma Nixon	Director	001.00	Director	$0	$0	$0
Jacob Torres	Director	001.00	Director	$0	$0	$0
Cindy Zontek	Director	001.00	Director	$0	$0	$0
Larry Kennedy	President	008.00	Officer	$0	$0	$0
Jennifer Terrana	Vice President	006.00	Officer	$0	$0	$0
Gail Gravell	Secretary	001.00	Officer	$0	$0	$0
Joanne Banno	Treasurer	001.00	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
2023	$171,475	$48,283	$296,214	$123,192

THE GULFPORT MULTIPURPOSE SENIOR CENTER FOUNDATION