THELMA GIBSON HEALTH INITIATIVE INC (EIN 452835389) - 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

2011

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

THELMA GIBSON HEALTH INITIATIVE INC, founded in 2011, is a small nonprofit in the Health Care sector that reported $931K in total revenue in fiscal year 2023. Expenses of $878K left a modest 6% surplus.

Mission

THE ORGANIZATION WAS FORMED TO PROVIDE AND BUILD HEALTHY MINDS AND BODIES THROUGH QUALITY SOCIAL SERVICES TO UNDERSERVED GROUPS IN COCONUT GROVE, SOUTH MIAMI AND AJOINING CORAL GABLES.

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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 $930,900

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $930,900

Expense Breakdown

Grants Paid $0

Salaries & Benefits $629,564

Fundraising Expenses $0

Program Expenses $858,881

Other Expenses $248,620

TOTAL EXPENSES $878,184

Year-over-Year Comparison

	2023	2022	Change
Revenue	$930,900	$901,671	+0.0%
Expenses	$878,184	$804,907	+0.1%
Net Income	$52,716	$96,764	-0.5%

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
DAMIAN THOMAS	DIRECTOR	2.00	Director	$0	$0	$0
JAMES CHIPMAN BLACK	DIRECTOR	2.00	Director	$0	$0	$0
BRENDA RIVERS	DIRECTOR	2.00	Director	$0	$0	$0
LAIR HALL	BOARD CHAIRMAN	2.00	Director	$0	$0	$0
GORDON FALES	FIRST VICE CHAIRMAN	2.00	Director	$0	$0	$0
FREDDIE YOUNG	SECOND VICE CHAIR	2.00	Director	$0	$0	$0
MERLINE BARTON	EXECUTIVE DIRECTOR	40.00	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
2025	No data	No data	No data	No data
2024	$930,900	$878,184	$1,329,914	$52,716
2023	$901,671	$804,907	$1,276,418	$96,764
2022	$959,745	$916,196	$2,397,457	$43,549
2021	$806,243	$824,806	$2,386,503	$-18,563
2020	$469,659	$713,259	$2,369,300	$-243,600
2019	$1,429,810	$657,890	$1,027,587	$771,920
2018	$638,676	$612,194	$96,880	$26,482

THELMA GIBSON HEALTH INITIATIVE INC