GSBC COMMUNITY DEVELOPMENT CORP (EIN 203496884) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

MICHAEL WESLEY SR

Phone

2059259750

Tax Period

2023-01-01 to 2023-12-31

GSBC Community Development Corp, founded in 2005, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $561K in total revenue in fiscal year 2018. Revenue fell 25% from the prior year — a significant decline worth monitoring.

Mission

charitable religious educational and scientific purposes including for such purposes the making of distributions to organizations that qualify as exempt organizations under 501c3

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $53,411

Program Service Revenue $390,980

Investment Income $0

Other Revenue $0

TOTAL REVENUE $444,391

Expense Breakdown

Grants Paid $0

Salaries & Benefits $320,813

Fundraising Expenses $0

Program Expenses $435,187

Other Expenses $114,374

TOTAL EXPENSES $435,187

Year-over-Year Comparison

	2023	2022	Change
Revenue	$444,391	$372,069	+0.2%
Expenses	$435,187	$213,572	+1.0%
Net Income	$9,204	$158,497	-0.9%

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

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

$13,000

Key Employees

$80,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Michael W Wesley	Executive Director	20.00	Director	$13,000	$0	$13,000
Katrice Murray	Accountant	40.00	Key Emp	$40,000	$0	$40,000
Shaaron Wesley	CDC Director	40.00	Key Emp	$40,000	$0	$40,000

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	$444,391	$435,187	$202,737	$9,204
2022	No data	No data	No data	No data
2021	$375,728	$379,911	$133,238	$-4,183
2020	$341,072	$324,549	$83,913	$16,523
2019	$679,980	$657,336	$33,444	$22,644
2018	$560,963	$548,934	$18,321	$12,029

GSBC COMMUNITY DEVELOPMENT CORP