GES TITLE HOLDING CORPORATION INC

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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

2013

Legal Domicile

Principal Officer

FRANK D HARKINS

Phone

2514711581

Tax Period

2019-10-01 to 2020-09-30

GES TITLE HOLDING CORPORATION INC, founded in 2013, is a small nonprofit that reported $317K in total revenue in fiscal year 2019. Revenue surged 78% from the prior year, signaling strong growth momentum. Expenses of $405K exceeded revenue, resulting in a 28% operating deficit.

Mission

TO HOLD REAL PROPERTY FOR THE EXCLUSIVE USE OF GOODWILL INDUSTRIES/EASTER SEALS OF THE GULF COAST, INC. AND GORDON SMITH CENTER, INC. GES TITLE HOLDING CORPORATION WILL COLLECT RENTS FROM GOODWILL EASTER SEALS, BEGINNING IN JANUARY OF 2015. GES TITLE HOLDING COMPANY WILL PAY ALL EXPENSES RELATED TO THE OPERATION AND FINANCING OF THE REAL PROPERTIES AND TURN OVER ALL EXCESS, IF ANY, TO GOODWILL EASTER SEALS FOR CONTINUATION OF ITS MISSION, DESCRIBED BELOW. GOODWILL EASTER SEALS BEGAN OPERATIONS IN THE SUBJECT PROPERTIES IN OCTOBER OF 2013 AND WILL CONTINUE TO EXPAND. ANY EXCESS NOT ACCRUING TO GOODWILL EASTER SEALS SHALL BE DISTRIBUTED TO GORDON SMITH CENTER, INC. FOR ITS MISSION OF HOUSING ENTITIES SERVING PEOPLE WITH DISABILITIES. TO OBTAIN FINANCING TO IMPROVE REAL PROPERTY AND LEASEHOLD IMPROVEMENTS FOR THE EXCLUSIVE USE OF GOODWILL INDUSTRIES/EASTER SEALS OF THE GULF COAST, INC. AND GORDON SMITH CENTER, INC. THIS WILL ALLOW GOODWILL EASTER SEALS TO EXPAND ITS MISSION OF "EMPOWERING PEOPLE THROUGH ENCOURAGEMENT, EDUCATION AND EMPLOYMENT." SPECIFICALLY, SUCH IMPROVEMENTS WILL ENABLE PEOPLE TO: 1) PREPARE FOR, TAKE AND PASS THE GED 2) OBTAIN JOB SKILLS AND PREPARE FOR INTERVIEWS, LEADING TO EMPLOYMENT 3) ENCOURAGE SOCIAL INTERACTION AND ACTIVITIES FOR ADULTS WITH DISABILITIES IMPROVEMENTS ON EXISTING PROPERTIES COMMENCED IN OCTOBER OF 2013 AND FINANCING COMMENCED IN DECEMBER OF 2013.

Program Service Accomplishments

Program 1

Expenses: $404,657 Revenue: $317,250

HOLDS THE LEASEHOLD INTEREST IN PROPERTY AND IMPROVEMENTS AND SUBLEASING SUCH PROPERTY TO GOODWILL INDUSTRIES/EASTER SEALS OF THE GULF COAST, INC.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $317,250

Investment Income $0

Other Revenue $0

TOTAL REVENUE $317,250

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $404,657

Other Expenses $404,657

TOTAL EXPENSES $404,657

Year-over-Year Comparison

	2019	2018	Change
Revenue	$317,250	$178,000	+0.8%
Expenses	$404,657	$424,805	0.0%
Net Income	$-87,407	$-246,805	-0.6%

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
BO MATTEI	CHAIRMAN	0.10	Officer Director	$0	$0	$0
LEWIS SHREVE	TREASURER	0.10	Officer Director	$0	$0	$0
RAYMOND BELL	VICE CHAIR	0.10	Officer Director	$0	$0	$0
ALLEN LADD	SECRETARY	0.10	Officer Director	$0	$0	$0
E BRADFORD LADD JR	DIRECTOR	0.10	Director	$0	$0	$0
FRANK HARKINS	PRESIDENT	0.10	Officer 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
2020	$317,250	$404,657	$7,701,549	$-87,407
2020	No data	No data	No data	No data
2019	$178,000	$424,805	$7,707,622	$-246,805
2018	$140,073	$452,653	$7,958,806	$-312,580