TAMPA BAY HEAT INC

EIN: 261316285 501(c)(3) Community Improvement

BRANDON, FL

Total Revenue
$1,023,387
Total Expenses
$719,059
Total Assets
$1,237,035
Net Assets
$1,237,035
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
FL
Phone
8133615433
Tax Period
2024-01-01 to 2024-12-31

TAMPA BAY HEAT INC, founded in 2007, is a community nonprofit in the Community Improvement sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $304K, a strong 30% operating margin.

Mission

HOMESCHOOL AND SPORTS ACTIVITIES ENCOURAGING HOMESCHOOL FAMILIES TO DEVELOP TOMORROWS SERVANT LEADERS SOCIALLY, ACADEMICALLY, AND ATHLETICALLY, WITH A PASSION TO IMPACT THE WORLD FOR CHRIST.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $72,084
Program Service Revenue $918,276
Investment Income $33,027
Other Revenue $0
TOTAL REVENUE $1,023,387

Expense Breakdown

Grants Paid $0
Salaries & Benefits $81,138
Fundraising Expenses $0
Program Expenses $610,522
Other Expenses $637,921
TOTAL EXPENSES $719,059

Year-over-Year Comparison

2024 2023 Change
Revenue $1,023,387 $809,069 +0.3%
Expenses $719,059 $628,429 +0.1%
Net Income $304,328 $180,640 +0.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
1
Volunteers
350

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
4
$0
Total Directors
1
$72,000
Key Employees
1
$72,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERESA MANGANELLO PRESIDENT 50.00
Director Key Emp
$72,000 $0 $72,000
JIM EGGERT VICE PRESIDENT 0.00
Officer
$0 $0 $0
ALISON MOORE TREASURER 0.00
Officer
$0 $0 $0
RONNIE RIVERA CHAIRMAN 0.00
Officer
$0 $0 $0
NICOLE COHN SECRETARY 0.00
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
2024 $1,023,387 $719,059 $1,237,035 $304,328
2023 $809,069 $628,429 $932,707 $180,640
2022 $670,142 $511,143 $752,067 $158,999
2021 $696,408 $410,250 $593,068 $286,158
2020 $325,027 $273,955 $317,510 $51,072
2019 $352,412 $318,261 $258,974 $34,151
2018 $384,086 $324,621 $223,427 $59,465
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