GEMS DEVELOPMENT FOUNDATION (EIN 464879465) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

SHARON EDWARDS

Phone

2023295482

Tax Period

2023-01-01 to 2023-12-31

GEMS DEVELOPMENT FOUNDATION, founded in 2014, is a small nonprofit in the Human Services sector that reported $280K in total revenue in fiscal year 2018. Revenue decreased 17% compared to the prior year. Expenses of $360K exceeded revenue, resulting in a 29% operating deficit.

Mission

EMPOWERING HOPE. CULTIVATING OPPORTUNITY: GEMS DEVELOPMENT FOUNDATION FOCUSES ON CONNECTING PEOPLE IN NEED WITH THE RESOURCES THAT WILL MAKE THE MOST MEASURABLE IMPACTS FOR SUSTAINABLE FINANCIAL SECURITY, FOOD SECURITY, CLEAN WATER, AND MEDICAL CARE. GEMS PROGRAMS DELIVER LONG-TERM SOLUTIONS THAT HAVE BEEN PROVEN TO WORK TO SUPPORT PEOPLE AND COMMUNITIES TO BECOME SELF-SUSTAINING.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $105,693

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $105,693

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,000

Fundraising Expenses $622

Program Expenses $124,967

Other Expenses $116,749

TOTAL EXPENSES $138,749

Year-over-Year Comparison

	2023	2022	Change
Revenue	$105,693	$158,388	-0.3%
Expenses	$138,749	$154,562	-0.1%
Net Income	$-33,056	$3,826	-9.6%

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

$22,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARRIN PETERSON	CHAIRMAN OF THE BOARD	25.00	Officer Director	$0	$0	$0
LANCE M MARTIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
DR CHOLENE ESPINOZA	VP/MEDICAL PROGRAMS	10.00	Officer Director	$0	$0	$0
SHARON EDWARDS	EXECUTIVE DIRECTOR	40.00	Director	$22,000	$0	$22,000
M SEAN PURCELL	DIRECTOR/LEGAL COUNSEL	1.00	Director	$0	$0	$0
HEATHER SPEARS OLSEN	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN RATNER	EMERITA	1.00	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
2023	$105,693	$138,749	$38,795	$-33,056
2022	$158,388	$154,562	$71,851	$3,826
2021	$187,241	$155,249	$65,058	$31,992
2020	$217,042	$303,915	$33,066	$-86,873
2019	$384,366	$315,691	$119,939	$68,675
2018	$280,033	$360,221	$51,264	$-80,188

GEMS DEVELOPMENT FOUNDATION