GASPARILLA DISTANCE CLASSIC ASSOCIATION INC (EIN 591943559) - 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

1977

Legal Domicile

Principal Officer

FRED DORSEY

Phone

8132547866

Tax Period

2024-05-01 to 2025-04-30

GASPARILLA DISTANCE CLASSIC ASSOCIATION INC, founded in 1977, is a small nonprofit in the Youth Development sector that reported $667K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum.

Mission

PROMOTE RUNNING & TRACK AS SPORTS IN THE TAMPA BAY AREA, TO RAISE FUNDS FOR CHARITABLE ORGANIZATIONS WHICH SERVE YOUTH IN THE TAMPA BAY AREA, AND TO DIRECT AND/OR SPONSOR ATHLETIC EVENTS IN THE TAMPA BAY AREA TO FURTHER THE ABOVE GOALS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $495,760

Program Service Revenue $0

Investment Income $23

Other Revenue $171,634

TOTAL REVENUE $667,417

Expense Breakdown

Grants Paid $193,590

Salaries & Benefits $333,584

Fundraising Expenses $250,178

Program Expenses $193,590

Other Expenses $125,302

TOTAL EXPENSES $652,476

Year-over-Year Comparison

	2024	2023	Change
Revenue	$667,417	$553,993	+0.2%
Expenses	$652,476	$489,568	+0.3%
Net Income	$14,941	$64,425	-0.8%

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

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
LINDA THORPE	PRESIDENT	1.00	Officer Director	$0	$0	$0
LISA BRYANT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
FRED DORSEY	TREASURER	1.00	Officer Director	$0	$0	$0
JEFF LESSIE	SECRETARY	1.00	Officer Director	$0	$0	$0
CYRIL MADUKANYA	DIRECTOR	1.00	Director	$0	$0	$0
JENNY YINGLING	DIRECTOR	1.00	Director	$0	$0	$0
JOAN LABADIE	DIRECTOR	1.00	Director	$0	$0	$0
GREG WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
ANN BURR	DIRECTOR	1.00	Director	$0	$0	$0
STACY WRENN	DIRECTOR	1.00	Director	$0	$0	$0
MO CHIODINI	DIRECTOR	1.00	Director	$0	$0	$0
RICK CERVIS	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN HARMELING	EXECUTIVE DIRECTOR	40.00	Highest	$173,684	$0	$173,684

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
2025	$667,417	$652,476	$173,309	$14,941
2024	$553,993	$489,568	$158,368	$64,425
2023	$460,264	$457,361	$93,943	$2,903
2022	$338,177	$442,736	$91,040	$-104,559
2021	$446,839	$444,191	$249,304	$2,648
2020	$668,708	$664,727	$198,285	$3,981
2019	$743,946	$748,383	$196,763	$-4,437
2018	$654,585	$654,718	$198,885	$-133

GASPARILLA DISTANCE CLASSIC ASSOCIATION INC