BRIDGE THE GAP INC

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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

1984

Legal Domicile

Principal Officer

YVONNE M LANE

Phone

9043141035

Tax Period

2024-01-01 to 2024-12-31

BRIDGE THE GAP INC, founded in 1984, is a community nonprofit in the Human Services sector that reported $2.4M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE PERSONAL SERVICES TO THE ELDERLY AND DISABLES INDIVIDUALS. SERVICES INCLUDE FOOD, CLOTHING, PERSONAL CARE ITEMS, TRANSPORATION DELIVERY SERVICES TO THE HOMEBOUND AND ASSIST WITH GARDENING ACTIVITIE

Program Service Accomplishments

Program 1

Expenses: $2,297,487

FEEDING NORTHEAST FLORIDA: Is a food distribution program that successfully distributed foods to over 36,000 individuals/households in 2024. Individiuals/households, many of whom reside in a food...

FEEDING NORTHEAST FLORIDA: Is a food distribution program that successfully distributed foods to over 36,000 individuals/households in 2024. Individiuals/households, many of whom reside in a food deser are given the opportunity to receive needed nutritional items. On 3 days of each week, a distribution occurs and these individuals gathe and assemble at the Bridge The Gap headquarters to received food items

Program 2

Expenses: $31,822

SENIOR HELP/DISABLED SERVICES PROGRAM: The focus of this program is to assist the elderly and disabled individuals with needed personal services to enhance their quality of life. In 2024, this...

SENIOR HELP/DISABLED SERVICES PROGRAM: The focus of this program is to assist the elderly and disabled individuals with needed personal services to enhance their quality of life. In 2024, this program assisted approximately 10,800 individuals with a variety of services. This included providing personal care products and food items that included fresh vegetableds. Also, limited transportation services to/ from medical care providers, pharmacies, grocery stores and related vendors was provided.

Program 3

Expenses: $59,471

FRESH FOOD INITIATIVE: This program is designed to promote healthy nutritional and dietary habits. Education instruction and training is providedby licensed professionals to educate the general...

FRESH FOOD INITIATIVE: This program is designed to promote healthy nutritional and dietary habits. Education instruction and training is providedby licensed professionals to educate the general public about healthy eating habits. This program served approximatley 36,000 individuals durng calendar year 2024.

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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 $2,408,134

Program Service Revenue $0

Investment Income $18

Other Revenue $0

TOTAL REVENUE $2,408,152

Expense Breakdown

Grants Paid $2,338,476

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,388,780

Other Expenses $65,768

TOTAL EXPENSES $2,404,244

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,408,152	$2,093,518	+0.2%
Expenses	$2,404,244	$2,102,578	+0.1%
Net Income	$3,908	$-9,060	-1.4%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMOS HARVEY	DIRECTOR	16.00	Director	$0	$0	$0
NICHOLAS PALMIERI	DIRECTOR	12.00	Director	$0	$0	$0
TONETTA BYNES	Director	12.00	Officer Director	$0	$0	$0
JAMES CLOWER	Director	20.00	Officer Director	$0	$0	$0
AMERICUS SPENSER	Director	4.00	Director	$0	$0	$0
SYRITA FRINKS	DIRECTOR	8.00	Director	$0	$0	$0
CHIMERE N PELLOT	DIRECTOR	8.00	Director	$0	$0	$0
YVONNE M LANE	DIRECTOR	38.00	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	$2,408,152	$2,404,244	$21,611	$3,908
2023	$2,093,518	$2,102,578	$19,793	$-9,060
2022	$39,007	$60,680	$9,892	$-21,673
2020	$30,077	$17,420	$11,814	$12,657