GREATER TITUSVILLE DEVELOPMENT FOUNDATION (EIN 465431878) - 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

2014

Legal Domicile

Principal Officer

WALTER E FUNK JR

Phone

8148274756

Tax Period

2023-01-01 to 2023-12-31

GREATER TITUSVILLE DEVELOPMENT FOUNDATION, founded in 2014, is a micro nonprofit in the Community Improvement sector that reported $17K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $42K exceeded revenue, resulting in a 150% operating deficit.

Mission

THE FOUNDATION WAS CREATED IN 2014 TO MEET THE NEED FOR A RESOURCE TO CONNECT COMMUNITY AND ECONOMIC DEVELOPMENT RELATED PROJECTS WITH PRIVATE FUNDING SOURCES AND DONORS.

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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 $14,259

Program Service Revenue $0

Investment Income $2,665

Other Revenue $0

TOTAL REVENUE $16,924

Expense Breakdown

Grants Paid $29,076

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $39,076

Other Expenses $13,303

TOTAL EXPENSES $42,379

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,924	$18,404	-0.1%
Expenses	$42,379	$12,510	+2.4%
Net Income	$-25,455	$5,894	-5.3%

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
ABIGAIL POPESCU	PRESIDENT	1.00	Officer Director	$0	$0	$0
WALTER E FUNK JR	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RENEE EWING THOMPSON	SECRETARY	1.00	Officer Director	$0	$0	$0
TRACI J N MIDDLETON	TREASURER	1.00	Officer Director	$0	$0	$0
LORRAINE H BAKER	DIRECTOR	0.50	Director	$0	$0	$0
AMY RUOT	DIRECTOR	0.50	Director	$0	$0	$0
HOLLI M WOLFE	DIRECTOR	0.50	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	$16,924	$42,379	$78,188	$-25,455
2022	$18,404	$12,510	$99,614	$5,894
2021	$16,390	$34,243	$106,564	$-17,853
2020	$20,618	$23,396	$119,396	$-2,778
2019	$70,114	$142,720	$114,732	$-72,606
2018	$103,730	$99,564	$183,653	$4,166

GREATER TITUSVILLE DEVELOPMENT FOUNDATION