TAMPA HILLSBOROUGH HOMELESS INITIATIVE INC (EIN 593651378) - 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

2000

Legal Domicile

Principal Officer

ANTOINETTE HAYES-TRIPLETT

Phone

8132236115

Tax Period

2023-10-01 to 2024-09-30

TAMPA HILLSBOROUGH HOMELESS INITIATIVE INC, founded in 2000, is a community nonprofit in the Human Services sector that reported $7.6M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $7.2M left a modest 5% surplus.

Mission

OUR PURPOSE IS TO LEAD THE CONTINUUM OF CARE IN COLLABORATION WITH AGENCIES IN ORDER TO DEVELOP AND PROVIDE INNOVATIVE SOLUTIONS TO REDUCE AND END HOMLESSNESS IN TAMPA-HILLSBOROUGH COUNTY.

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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 $7,524,337

Program Service Revenue $0

Investment Income $26,349

Other Revenue $34,838

TOTAL REVENUE $7,585,524

Expense Breakdown

Grants Paid $5,471,701

Salaries & Benefits $1,220,568

Fundraising Expenses $58,901

Program Expenses $6,807,472

Other Expenses $501,935

TOTAL EXPENSES $7,194,204

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,585,524	$9,930,774	-0.2%
Expenses	$7,194,204	$9,799,820	-0.3%
Net Income	$391,320	$130,954	+2.0%

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

300

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

$377,174

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE BAUER	DIRECTOR	2.00	Director	$0	$0	$0
JEROME RYANS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BLAKE POOLE	TREASURER	2.00	Officer Director	$0	$0	$0
JOSEPH CLARK	SECRETARY	2.00	Officer Director	$0	$0	$0
SANDRA MURMAN	DIRECTOR	2.00	Director	$0	$0	$0
MINDY MURPHY	DIRECTOR	2.00	Director	$0	$0	$0
TRACYE BROWN	DIRECTOR	2.00	Director	$0	$0	$0
CARL HARNESS	DIRECTOR	2.00	Director	$0	$0	$0
REV DR BART BANKS SR	DIRECTOR	2.00	Director	$0	$0	$0
ROBIN DELAVERGNE	DIRECTOR	2.00	Director	$0	$0	$0
JAMES SHIMBERG	BOARD PRESIDENT	2.00	Officer Director	$0	$0	$0
ANTOINETTE HAYES-TRIPLETT	CHIEF EXECUTIVE OFFICER	40.00	Officer	$198,500	$27,860	$226,360
ANTONIO BYRD	CHIEF OPERATING OFFICER	40.00	Officer	$132,418	$18,396	$150,814
CATHY JAMES	FINANCE MANAGER	40.00	Highest	$114,359	$23,865	$138,224

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	$7,585,524	$7,194,204	$3,886,627	$391,320
2023	$9,930,774	$9,799,820	$3,702,986	$130,954
2022	$13,947,993	$14,419,574	$4,204,632	$-471,581
2021	$9,737,223	$8,981,668	$4,250,151	$755,555
2020	$5,644,645	$4,964,376	$2,874,346	$680,269
2019	$4,669,286	$4,282,547	$1,844,275	$386,739
2018	$4,981,065	$4,988,407	$2,131,244	$-7,342

TAMPA HILLSBOROUGH HOMELESS INITIATIVE INC