LYFORD CAY FOUNDATION INC C/O GILBRIDE TUSA LAST & SPELLANE LLC (EIN 237025275) - 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

1969

Legal Domicile

Principal Officer

BASIL P GOULANDRIS

Tax Period

2023-01-01 to 2023-12-31

LYFORD CAY FOUNDATION INC C/O GILBRIDE TUSA LAST & SPELLANE LLC, founded in 1969, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.0M in total revenue in fiscal year 2023. The organization ran a surplus of $894K, a strong 30% operating margin.

Mission

LYFORD CAY FOUNDATION, INC. SUPPORTS THE DEVELOPMENT OF THE BAHAMAS BY INVESTING ITS RESOURCES DIRECTLY IN PHILANTHROPIC INITIATIVES, INCLUDING: POST-SECONDARY EDUCATION, THE SUPPORT OF BAHAMIAN NOT-FOR-PROFIT ORGANIZATIONS AND THE PREPARATION OF BAHAMIAN STUDENTS FOR POST-SECONDARY OPPORTUNITIES.

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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 $2,373,292

Program Service Revenue $0

Investment Income $405,858

Other Revenue $172,897

TOTAL REVENUE $2,952,047

Expense Breakdown

Grants Paid $581,262

Salaries & Benefits $725,419

Fundraising Expenses $297,850

Program Expenses $1,404,221

Other Expenses $751,487

TOTAL EXPENSES $2,058,168

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,952,047	$2,743,511	+0.1%
Expenses	$2,058,168	$2,631,347	-0.2%
Net Income	$893,879	$112,164	+7.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR BASIL P GOULANDRIS	CHAIR	7.00	Officer Director	$0	$0	$0
MRS SARAH A FARRINGTON	VICE CHAIR	5.00	Officer Director	$0	$0	$0
MR JEFFREY A EVERETT	PRESIDENT	1.00	Officer Director	$0	$0	$0
MR JOHN T CRONE IV	TREASURER	5.00	Officer Director	$0	$0	$0
MR E PARKER NEAVE	SECRETARY	5.00	Officer Director	$0	$0	$0
LADY CAMILLE BARNETT	DIRECTOR	1.00	Director	$0	$0	$0
MS SASKIA D'AGUILAR	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN D'ALESSANDRO	DIRECTOR	1.00	Director	$0	$0	$0
MR IAN D FAIR	DIRECTOR	3.00	Director	$0	$0	$0
MRS JENNIFER FLANAGAN	DIRECTOR	1.00	Director	$0	$0	$0
MR PHILIP HILLIER	DIRECTOR	1.00	Director	$0	$0	$0
MRS LYNN HOLOWESKO CBE JP	DIRECTOR THROUGH 6/2023	1.00	Director	$0	$0	$0
MRS NANCY KELLY	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN SANFORD	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN SYMONETTE	DIRECTOR	2.00	Director	$0	$0	$0
MRS PATRICIA THOMSON LEONARD	DIRECTOR	2.00	Director	$0	$0	$0
MS WENDY WARREN	DIRECTOR	2.00	Director	$0	$0	$0
MRS JUDITH A WHITEHEAD	DIRECTOR	5.00	Director	$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
2024	No data	No data	No data	No data
2023	$2,952,047	$2,058,168	$33,435,159	$893,879
2022	$2,743,511	$2,631,347	$30,327,131	$112,164
2021	$7,739,862	$2,150,333	$32,680,397	$5,589,529
2020	$2,393,799	$4,549,438	$29,953,842	$-2,155,639
2019	$4,462,240	$2,920,151	$28,634,472	$1,542,089
2018	$3,654,207	$2,671,043	$23,367,966	$983,164

LYFORD CAY FOUNDATION INC C/O GILBRIDE TUSA LAST & SPELLANE LLC