GASPARILLA ISL CONSER & IMPROVE ASSN (EIN 237097778) - 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

1971

Legal Domicile

Principal Officer

BRUCE CARBONARI

Phone

9419642667

Tax Period

2025-01-01 to 2025-12-31

GASPARILLA ISL CONSER & IMPROVE ASSN, founded in 1971, is a community nonprofit in the Environment sector that reported $2.8M in total revenue in fiscal year 2025. The organization ran a surplus of $1.8M, a strong 65% operating margin.

Mission

MISSION STATEMENT:THE GICIA IS DEDICATED TO PRESERVING THE INTEGRITY OF THE GASPARILLA ISLAND CONSERVANCY DISTRICT ACT, ENHANCING CONSERVANCY PROPERTIES, MAINTAINING THE BIKE PATH, AND ENCOURAGING INITITIVES THAT BENEFIT OUR ISLAND COMMUNITY.SIGNIFICANT ACTIVITIES:OWN AND MAINTAIN 5 MILES OF BIKE AND WALKING PATH USED BY RESIDENTS AND VISITORS. OWN AND MAINTAIN MORE THAN 275 ACRES OF ENVIRONMENTALLY SENSITIVE PROPERTY AS A PART OF OUR LAND CONSERVANCY. WORK TO SEE THAT THE INTEGRITY OF THE GASPARILLA ISLAND CONSERVATION DISTRICT 0F 1980 IS MAINTAINED BY BOTH LEE AND CHARLOTTE COUNTIES.

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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 $2,333,882

Program Service Revenue $0

Investment Income $488,295

Other Revenue $20,000

TOTAL REVENUE $2,842,177

Expense Breakdown

Grants Paid $0

Salaries & Benefits $338,293

Fundraising Expenses $0

Program Expenses $434,117

Other Expenses $663,984

TOTAL EXPENSES $1,002,277

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,842,177	$2,956,730	0.0%
Expenses	$1,002,277	$1,161,508	-0.1%
Net Income	$1,839,900	$1,795,222	+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

670

Independent Members

670

Employees

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
MISTY NICHOLS	EXECUTIVE DIRECTOR	40.00		$188,365	$0	$188,365
BRUCE CARBONARI	President	10.00	Officer Director	$0	$0	$0
JUDD GREGG	Director	5.00	Director	$0	$0	$0
BRENT CROSS	Director	5.00	Director	$0	$0	$0
JON HUNT	Treasurer	10.00	Director	$0	$0	$0
KAREN KOVACH	Director	5.00	Director	$0	$0	$0
MADONNA WILLIAMS	Director	5.00	Officer Director	$0	$0	$0
GORDON MCBRIDE	Vice President	10.00	Officer Director	$0	$0	$0
JOHN WESTERFIELD	Director	5.00	Director	$0	$0	$0
CARRIE YORK	Director	5.00	Director	$0	$0	$0
FRED PIERCE	Secretary	10.00	Director	$0	$0	$0
TODD KRIEG	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
2025	$2,842,177	$1,002,277	$58,017,701	$1,839,900
2024	$2,956,730	$1,161,508	$54,461,415	$1,795,222
2023	$1,220,033	$887,949	$51,461,986	$332,084
2022	$5,630,964	$863,121	$49,606,215	$4,767,843
2021	$3,586,317	$721,408	$47,678,546	$2,864,909
2020	$1,717,287	$2,001,153	$45,109,432	$-283,866

GASPARILLA ISL CONSER & IMPROVE ASSN