GREATER PORTSMOUTH DEVELOPMENT CORP (EIN 541877166) - 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

1997

Legal Domicile

Principal Officer

DAVID R TYNCH

Phone

7573978473

Tax Period

2020-01-01 to 2020-12-31

GREATER PORTSMOUTH DEVELOPMENT CORP, founded in 1997, is a micro nonprofit that reported $6K in total revenue in fiscal year 2018. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $56K exceeded revenue, resulting in a 864% operating deficit.

Mission

TO ASSIST ECONOMIC DEVELOPMENT WITHIN THE CITY OF PORTSMOUTH THROUGH THE LEVERAGING OF FUNDS FOR ACQUISITION OF DETERIORATING PROPERTIES; OR ASSISTING THE CITY IN OTHER REDEVELOPMENT PROJECTS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $-1,717,154

Other Revenue $11,172

TOTAL REVENUE $-1,705,982

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $18,471

Other Expenses $39,849

TOTAL EXPENSES $39,849

Year-over-Year Comparison

	2020	2019	Change
Revenue	$-1,705,982	$1,192	-1432.2%
Expenses	$39,849	$39,492	+0.0%
Net Income	$-1,745,831	$-38,300	+44.6%

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
DAVID R TYNCH	PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHELLE WREN	SECRETARY	2.00	Officer Director	$0	$0	$0
MAYOR JOHN ROWE	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
EDWARD BLAND	TREASURER	2.00	Officer Director	$0	$0	$0
DR L PETTIS PATTON	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVY SMITH III	BOARD MEMBER	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
2020	$-1,705,982	$39,849	No data	$-1,745,831
2019	$1,192	$39,492	$3,558,495	$-38,300
2018	$5,783	$55,745	$3,611,465	$-49,962

GREATER PORTSMOUTH DEVELOPMENT CORP