TMA Properties Foundation Inc (EIN 204717769) - 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

2006

Legal Domicile

Principal Officer

Darryl De Ruiter

Phone

4079712221

Tax Period

2023-07-01 to 2024-06-30

TMA Properties Foundation Inc, founded in 2006, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $640K in total revenue in fiscal year 2023. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 90% operating deficit.

Mission

Own and operate real property that is used by The Master's Academy of Central Florida, Inc.

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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 $586,085

Program Service Revenue $0

Investment Income $25,804

Other Revenue $28,197

TOTAL REVENUE $640,086

Expense Breakdown

Grants Paid $265,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,168,511

Other Expenses $951,628

TOTAL EXPENSES $1,216,628

Year-over-Year Comparison

	2023	2022	Change
Revenue	$640,086	$1,987,924	-0.7%
Expenses	$1,216,628	$858,706	+0.4%
Net Income	$-576,542	$1,129,218	-1.5%

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

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

$331,476

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Timothy Pursley	Chairman/Director	1.00	Officer Director	$0	$0	$0
Yiqiang Dennis Wen	Treasurer/Director	0.50	Officer Director	$0	$0	$0
Dr Bradley Jahnke	Secretary/Director	0.50	Officer Director	$0	$0	$0
Dr Dana Dionne	Former President (End 11/23)	0.50	Officer	$0	$17,123	$331,476
Darryl De Ruiter	President (Beg 6/24)	0.50	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	No data	No data	No data	No data
2024	$640,086	$1,216,628	$23,160,380	$-576,542
2023	$1,987,924	$858,706	$23,681,520	$1,129,218
2022	$1,575,657	$828,703	$22,610,355	$746,954
2021	$623,467	$755,669	$22,091,611	$-132,202
2020	$-105,037	$1,550,038	$21,933,005	$-1,655,075
2019	$2,215,776	$724,210	$23,852,084	$1,491,566
2018	$260,133	$724,180	$22,103,494	$-464,047

TMA Properties Foundation Inc