TELECOMMUNICATIONS DEVELOPMENT FUND INC (EIN 522077863) - 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

1998

Legal Domicile

Principal Officer

James Pastoriza

Phone

2404834286

Tax Period

2023-01-01 to 2023-12-31

TELECOMMUNICATIONS DEVELOPMENT FUND INC, founded in 1998, is a micro nonprofit that reported $3.2M in total revenue in fiscal year 2023.

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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 $0

Program Service Revenue $0

Investment Income $-3,247,764

Other Revenue $15,834

TOTAL REVENUE $-3,231,930

Expense Breakdown

Grants Paid $0

Salaries & Benefits $220,000

Fundraising Expenses $0

Program Expenses $195,091

Other Expenses $947,315

TOTAL EXPENSES $1,167,315

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-3,231,930	$-5,477,154	-0.4%
Expenses	$1,167,315	$1,319,746	-0.1%
Net Income	$-4,399,245	$-6,796,900	-0.4%

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

$220,000

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Richard Bodman	director	Director	$50,000	$0	$50,000
Brian Bailey	Director	Director	$47,500	$0	$47,500
Marvin Bush	Director	Director	$42,500	$0	$42,500
Michael Meece	director	Director	$40,000	$0	$40,000
Brooke Coburn	Director	Director	$40,000	$0	$40,000
James Pastoriza	CEO	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
2024	No data	No data	No data	No data
2023	$-3,231,930	$1,167,315	$119,699,804	$-4,399,245
2022	$-5,477,154	$1,319,746	$123,416,262	$-6,796,900
2020	$18,354,243	$2,499,327	$115,521,376	$15,854,916
2019	$-6,105,325	$1,270,338	$99,665,049	$-7,375,663
2018	$517,966	$1,638,835	$107,042,258	$-1,120,869

TELECOMMUNICATIONS DEVELOPMENT FUND INC