LONG CENTER FOUNDATION

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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

1986

Legal Domicile

Principal Officer

CHARLES WEAVER

Phone

8132406460

Tax Period

2021-10-01 to 2022-09-30

LONG CENTER FOUNDATION, founded in 1986, is a small nonprofit in the Human Services sector that reported $152K in total revenue in fiscal year 2021. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $330K exceeded revenue, resulting in a 117% operating deficit.

Mission

TO PROVIDE FINANCIAL SUPPORT TO NON-PROFIT ORGANIZATIONS THAT PROVIDE RECREATIONAL ACTIVITIES INCLUDING CLEARWATER FOR YOUTH, INC., ARC TAMPA BAY, INC., AND THE CITY OF CLEARWATER, FLORIDA,(CONTINUED ON SCHEDULE O)EACH A SPONSOR AGENCY OF THE LONG CENTER FOUNDATION, INC. AND A QUALIFIED ORGANIZATION (DESCRIBED IN SECTION 501(C)(3) AND SECTIONS 509(A)(1) OR (2) OF THE INTERNAL REVENUE CODE), AND FOR THE BENEFIT OF ANY OTHER QUALIFIED ORGANIZATIONS SELECTED BY THE TRUSTEES OF FOUNDATION, SO LONG AS SUCH ORGANIZATIONS REMAIN QUALIFIED ORGANIZATIONS.TO ADMINISTER THE ENDOWMENT FUNDS SPENDABLE INCOME AND FUNDRAISING PROJECTS IN SUPPORT OF RECREATIONAL SPORTS AND OTHER ACTIVITIES FOR THE LONG CENTER AND OTHER COMMUNITY BASED NON-PROFIT ORGANIZATIONS THAT PROVIDE RECREATIONAL ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $200,000

TO PROVIDE FINANCIAL SUPPORT TO THE LONG CENTER IN CLEARWATER, FLORIDA, WHICH PROVIDES VARIOUS RECREATIONAL AND EDUCATIONAL ACTIVITIES FOR CLEARWATER RESIDENTS. SOME OF THESE ACTIVITIES INCLUDE: THE CLEARWATER AQUATIC TEAM (CAT) WHICH TRAINS ATHLETES IN AQUATIC SPORTS; THE AGING WELL CENTER (AWC) WHICH OFFERS DIVERSE PROGRAMS AND SERVICES TO PROMOTE HEALTH AND WELLNESS, EDUCATION, CREATIVE EXPRESSION, AND COMMUNITY RESOURCES; THE PINELLAS HEAT VOLLEYBALL CLUB WHICH PROVIDES COMPETITIVE CLUB VOLLEYBALL IN THE TAMPA BAY AREA; AS WELL AS VARIOUS OTHER RECREATIONAL AND EDUCATIONAL ACTIVITIES.

Program 2

Expenses: $80,768

TO PROVIDE FINANCIAL SUPPORT TO COMMUNITY BASED NON-PROFIT ORGANIZATIONS THAT PROVIDE RECREATIONAL AND EDUCATIONAL ACTIVITIES TO CHILDREN AND YOUNG ADULTS, THE CHARITABLE CLASS BENEFITED BY THE...

TO PROVIDE FINANCIAL SUPPORT TO COMMUNITY BASED NON-PROFIT ORGANIZATIONS THAT PROVIDE RECREATIONAL AND EDUCATIONAL ACTIVITIES TO CHILDREN AND YOUNG ADULTS, THE CHARITABLE CLASS BENEFITED BY THE FOUNDATION'S SUPPORTED ORGANIZATIONS. THESE ORGANIZATIONS SERVE TO BUILD AND FOSTER CONFIDENCE, EDUCATIONAL, RECREATIONAL, SOCIAL SKILLS AND GOOD HABITS IN YOUNG PEOPLE AND ADULTS. SEE SCHEDULE I, PART II.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $151,827

Other Revenue $0

TOTAL REVENUE $151,827

Expense Breakdown

Grants Paid $280,768

Salaries & Benefits $2,100

Fundraising Expenses $0

Program Expenses $280,768

Other Expenses $46,652

TOTAL EXPENSES $329,520

Year-over-Year Comparison

	2021	2020	Change
Revenue	$151,827	$252,014	-0.4%
Expenses	$329,520	$243,604	+0.4%
Net Income	$-177,693	$8,410	-22.1%

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

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

$2,100

Total Directors