PUNTA GORDA DEVELOPMENT CORPORATION (EIN 201669599) - 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

2025

Legal Domicile

Principal Officer

Kurt Pentelecuc

Phone

9416394344

Tax Period

2025-01-01 to 2025-12-31

PUNTA GORDA DEVELOPMENT CORPORATION, founded in 2025, is a small nonprofit in the Housing & Shelter sector that reported $125K in total revenue in fiscal year 2025. Net assets of $608K represent 58 months of operating reserves.

Mission

The organization is to provide and develop affordable Housing Opportunities to low and moderate income persons and/or families primarily located in, but not limited to, Punta Gorda Florida, and the surrounding areas.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $125,459

TOTAL REVENUE $125,459

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $109,389

Other Expenses $131,075

TOTAL EXPENSES $131,075

Year-over-Year Comparison

	2025	2024	Change
Revenue	$125,459	$121,871	+0.0%
Expenses	$131,075	$150,988	-0.1%
Net Income	$-5,616	$-29,117	-0.8%

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

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
Kurt Pentelecuc	Secretary	10	Officer	$0	$0	$0
Della Booth	Chair	10	Officer	$0	$0	$0
Sheila Dabney	Commissioner	2	Officer	$0	$0	$0
Sherri Washington	Commissioner	2	Officer	$0	$0	$0
Jacqueline Benjamin	Commissioner	2	Officer	$0	$0	$0
Nicholas Worden	Commissioner	2	Officer	$0	$0	$0
Alexia Martin	Commissioner	2	Officer	$0	$0	$0
Kevin Shaw	Vice Chair	2	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	$125,459	$131,075	$618,103	$-5,616
2024	$121,871	$150,988	$622,319	$-29,117
2023	$270,292	$186,864	$652,535	$83,428
2022	$94,198	$99,469	$568,907	$-5,271
2021	$151,784	$144,596	$570,025	$7,188

PUNTA GORDA DEVELOPMENT CORPORATION