GTBL DEVELOPMENT CORP (EIN 208073860) - 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

2007

Legal Domicile

Principal Officer

KARL WARE

Phone

3307922854

Tax Period

2024-01-01 to 2024-12-31

GTBL DEVELOPMENT CORP, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $379K in total revenue in fiscal year 2024. Expenses of $333K left a modest 12% surplus.

Mission

PROVIDE ASSISTANCE TO PERSONS WITH DISABILITIES, INCLUDING BUT NOT LIMITED TO, HOLD, OWN, LEASE AND MAINTAIN RESIDENTIAL REAL ESTATE TO LEASE FOR PERSONS WITH DISABILITIES.

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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 $300,000

Investment Income $0

Other Revenue $79,083

TOTAL REVENUE $379,083

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $333,066

Other Expenses $333,066

TOTAL EXPENSES $333,066

Year-over-Year Comparison

	2024	2023	Change
Revenue	$379,083	$379,083	N/A
Expenses	$333,066	$330,900	+0.0%
Net Income	$46,017	$48,183	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

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

$465,264

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL LYTLE	CHAIR	1.00	Officer Director	$0	$0	$0
STEVEN SNYDER	TRUSTEE	1.00	Director	$0	$0	$0
CAREN PAINTER	TRUSTEE	1.00	Director	$0	$0	$0
GINA BROWN	TRUSTEE	1.00	Director	$0	$0	$0
JAMES LINERT	CFO	1.00	Officer	$0	$37,302	$219,476
KARL WARE	EXECUTIVE DIRECTOR	1.00	Officer	$0	$19,934	$245,788

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	$379,083	$333,066	$5,839,354	$46,017
2023	$379,083	$330,900	$5,959,743	$48,183
2022	$379,083	$349,577	$6,049,761	$29,506
2021	$359,083	$351,580	$6,280,694	$7,503
2020	$319,083	$296,626	$6,338,011	$22,457
2019	$300,903	$241,548	$4,319,514	$59,355
2018	$267,785	$235,908	$4,484,954	$31,877

GTBL DEVELOPMENT CORP