Greater Palm River Point Community Development Corporation (EIN 593441012) - 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

1996

Legal Domicile

Principal Officer

Tony Altman

Phone

8136289179

Tax Period

2023-10-01 to 2024-09-30

Greater Palm River Point Community Development Corporation, founded in 1996, is a small nonprofit in the Community Improvement sector that reported $128K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $165K exceeded revenue, resulting in a 29% operating deficit.

Mission

To build a better community for residents in the Greater Palm River area by investing in people through networks of creative and committed partners.

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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 (2023)

Revenue Breakdown

Contributions & Grants $128,346

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $128,346

Expense Breakdown

Grants Paid $0

Salaries & Benefits $84,473

Fundraising Expenses $20,303

Program Expenses $108,099

Other Expenses $80,925

TOTAL EXPENSES $165,398

Year-over-Year Comparison

	2023	2022	Change
Revenue	$128,346	$198,043	-0.4%
Expenses	$165,398	$177,153	-0.1%
Net Income	$-37,052	$20,890	-2.8%

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

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

$76,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Pastor Aaron Harris	Board Member	1.00	Director	$0	$0	$0
Marcia McKingley	Board Member	1.00	Director	$0	$0	$0
Pat Odor	Board Member	1.00	Director	$0	$0	$0
Barbie Tufts	Board Member	1.00	Director	$0	$0	$0
Brad Monroe	Chairman	1.00	Officer Director	$0	$0	$0
Patricia Pearson	Vice Chairman	1.00	Officer Director	$0	$0	$0
Mike McNabb	Treasurer	1.00	Officer Director	$0	$0	$0
Valerie Wilkerson	Secretary	1.00	Officer Director	$0	$0	$0
Tony Altman	Executive Director	40.00	Officer	$76,000	$0	$76,000

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	$128,346	$165,398	$41,640	$-37,052
2023	$198,043	$177,153	$81,454	$20,890
2022	$418,805	$423,932	$56,261	$-5,127
2021	$65,280	$273,121	$87,059	$-207,841
2020	$265,626	$255,586	$296,016	$10,040
2019	$322,050	$252,560	$257,966	$69,490

Greater Palm River Point Community Development Corporation