Tarpon Springs Merchants Association Inc (EIN 593277542) - 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

1993

Legal Domicile

Principal Officer

Sherry Wendt

Phone

7068971047

Tax Period

2024-01-01 to 2024-12-31

Tarpon Springs Merchants Association Inc, founded in 1993, is a small nonprofit in the Community Improvement sector that reported $408K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

Improve and promote business in Tarpon Springs area.

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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 $407,835

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $407,835

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $401,261

TOTAL EXPENSES $401,261

Year-over-Year Comparison

	2024	2023	Change
Revenue	$407,835	$346,271	+0.2%
Expenses	$401,261	$336,515	+0.2%
Net Income	$6,574	$9,756	-0.3%

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

$16,900

Total Directors

$11,050

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sherry Wendt	President	N/A	Officer	$8,450	$0	$8,450
Stelios Megadakis	Vice President	N/A	Officer	$0	$0	$0
Lenny D'Andrea	Treasurer	N/A	Officer	$0	$0	$0
Regina Gibson	Secretary	N/A	Officer	$8,450	$0	$8,450
Carol Rodriguez	Director	N/A	Director	$11,050	$0	$11,050
Sheri Smith	Director	N/A	Director	$0	$0	$0
Kris Wolf	Director	N/A	Director	$0	$0	$0
Pete Memisakis	Director	N/A	Director	$0	$0	$0
Julia Bodwell	Director	N/A	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
2024	$407,835	$401,261	$40,929	$6,574
2023	$346,271	$336,515	$34,355	$9,756
2022	$330,661	$318,936	$24,599	$11,725
2021	$153,143	$167,357	$12,874	$-14,214
2020	$84,227	$96,557	$27,088	$-12,330

Tarpon Springs Merchants Association Inc