TAMPA BAY CHARITIES INC (EIN 270855113) - 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

2009

Legal Domicile

Principal Officer

FRANK R CHIVAS

Phone

7273914052

Tax Period

2023-01-01 to 2023-12-31

TAMPA BAY CHARITIES INC, founded in 2009, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $142K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $319K exceeded revenue, resulting in a 125% operating deficit.

Mission

THE CORPORATION IS A VOLUNTEER GROUP ORGANIZED BY COMMUNITY LEADERS OF TAMPA BAY. THE MISSION IS TO RAISE MONEY FOR LOCAL CHARITIES AND SUPPORT THE TAMPA BAY COMMUNITY BY ORGANIZING AND PRODUCING THE CLEARWATER SUPER BOAT NATIONAL CHAMPIONSHIP RACE. IN ADDITION, THE ORGANIZATION WORKS CLOSELY WITH THE PINELLAS COUNTY TOURIST DEVELOPMENT COUNCIL, LOCAL CHARITIES AND DONORS IN FURTHERING ITS MISSION.

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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 $92,000

Program Service Revenue $49,864

Investment Income $0

Other Revenue $0

TOTAL REVENUE $141,864

Expense Breakdown

Grants Paid $189,250

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $319,239

Other Expenses $129,989

TOTAL EXPENSES $319,239

Year-over-Year Comparison

	2023	2022	Change
Revenue	$141,864	$111,721	+0.3%
Expenses	$319,239	$375,147	-0.1%
Net Income	$-177,375	$-263,426	-0.3%

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

N/A

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
FRANK R CHIVAS	DIRECTOR	6.00	Officer Director	$0	$0	$0
BRIAN AUNGST	DIRECTOR	2.00	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	$141,864	$319,239	$624,202	$-177,375
2022	$111,721	$375,147	$799,502	$-263,426
2021	$143,848	$216,869	$1,060,712	$-73,021
2020	No data	$36,538	$133,733	No data
2019	$216,641	$254,644	$170,271	$-38,003
2018	$202,963	$318,740	$211,166	$-115,777

TAMPA BAY CHARITIES INC