GREATER OCALA COMMUNITY DEVELOPMENT CORPORATION (EIN 593257302) - 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

2020

Legal Domicile

Phone

3523070015

Tax Period

2024-01-01 to 2024-12-31

GREATER OCALA COMMUNITY DEVELOPMENT CORPORATION, founded in 2020, is a micro nonprofit in the Community Improvement sector that reported $49K in total revenue in fiscal year 2024. Revenue surged 63% from the prior year, signaling strong growth momentum.

Mission

The mission of GOCDC is to establish a culture of excellence and self-sufficiency among entrepreneurs, small business owners, low to moderate income individuals and families through targeted training and assistance in the areas of employment, affordable housing, entrepreneurism, and community development

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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 $16,494

Program Service Revenue $0

Investment Income $0

Other Revenue $32,988

TOTAL REVENUE $49,482

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2024	2023	Change
Revenue	$49,482	$30,411	+0.6%
Expenses	N/A	N/A	N/A
Net Income	N/A	$30,411	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELGIN CARELOCK	CHAIRMAN	N/A	Officer	$0	$0	$0
GERALD LOURENCO	VICE CHAIRMAN	N/A	Officer	$0	$0	$0
AL VANDUYNE	SECRETARY	N/A	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	$49,482	No data	$49,482	No data
2023	$30,411	No data	No data	No data
2022	$15,250	No data	No data	No data
2021	$47,398	$41,172	No data	$6,226

GREATER OCALA COMMUNITY DEVELOPMENT CORPORATION