EAST TAMPA BUSINESS AND COMMUNITY

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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

2001

Legal Domicile

Principal Officer

MARC HAMBURG

Phone

8132483977

Tax Period

2024-01-01 to 2024-12-31

EAST TAMPA BUSINESS AND COMMUNITY, founded in 2001, is a community nonprofit in the Community Improvement sector that reported $2.1M in total revenue in fiscal year 2024. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $2.3M exceeded revenue, resulting in a 13% operating deficit.

Mission

ETBCDA IS A FLORIDA NOT-FOR-PROFIT ORGANIZATION WHOSE GOAL IT IS TO UNDERTAKE CERTAIN ACTIVITIES TO DEVELOP AND SUSTAIN VIABLE COMMUNITIES, TO PROVIDE DECENT HOUSING AND A SUITABLE LIVING ENVIRONMENT AND TO EXPAND ECONOMIC OPPORTUNITES PRINCIPALLY FOR PERSONS OF VERY LOW, LOW AND MODERATE INCOME. THE TARGET AREA IS PRIMARLY THE CITY OF TAMPA.

Program Service Accomplishments

Program 1

Expenses: $768,872 Revenue: $827,880

TO PROVIDE HOUSING FACILITIES AND IMPROVE LIVING CONDITIONS FOR THOSE PERSONS QUALIFYING FOR LOW INCOME HOUSING. LOW INCOME RENTAL UNITS. 1. LOW INCOME HOUSING RENTAL UNITS EXPENSE 768,872 (INCLUDES...

Program 2

Expenses: $541,390 Revenue: $626,556

TO IMPROVE THE HOUSING FACILITIES AND LIVING CONDITIONS FOR THOSE QUALIFYING FOR LOW INCOME HOUSING. 2. COUNTY HOUSING DEVELOPMENT AND REHABILITATION EXPENSE 541,390

Program 3

Expenses: $425,492 Revenue: $504,507

TO IMPROVE THE HOUSING FACILITIES AND LIVING CONDITIONS FOR THOSE QUALIFYING FOR LOW INCOME HOUSING. 3. CITY HOUSING DEVELOPMENT AND REHABILITATION EXPENSE 425,492

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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 $1,208,571

Program Service Revenue $827,880

Investment Income $28,206

Other Revenue $0

TOTAL REVENUE $2,064,657

Expense Breakdown

Grants Paid $0

Salaries & Benefits $204,849

Fundraising Expenses $0

Program Expenses $1,751,999

Other Expenses $2,124,475

TOTAL EXPENSES $2,329,324

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,064,657	$4,756,918	-0.6%
Expenses	$2,329,324	$4,682,584	-0.5%
Net Income	$-264,667	$74,334	-4.6%

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

$222,115

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANNE HART	CHIEF EXECUT	40.00	Officer	$138,971	$0	$138,971
MARC HAMBURG	PRESIDENT	25.00	Officer	$0	$0	$0
CASSANDRA M MCCAIN	TREASURER/FI	40.00	Officer	$83,144	$0	$83,144
DON LEE	1ST VICE PRE	5.00	Officer	$0	$0	$0
LESIA REDESKE	SECRETARY	5.00	Officer	$0	$0	$0
HEDDIE SUMPTER	DIRECTOR	5.00	Director	$0	$0	$0
KINA COPELAND	DIRECTOR	5.00	Director	$0	$0	$0
ELINA ROBINSON	DIRECTOR	7.00	Director	$0	$0	$0
ARETHEA THOMAS	DIRECTOR	5.00	Director	$0	$0	$0
BRYANT WILLIAMS	DIRECTOR	5.00	Director	$0	$0	$0
PATTI BONNER	DIRECTOR	7.00	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	$2,064,657	$2,329,324	$12,351,746	$-264,667
2023	$4,756,918	$4,682,584	$16,025,295	$74,334
2022	$3,610,995	$2,590,060	$14,085,614	$1,020,935
2021	$3,764,186	$3,643,618	$6,775,919	$120,568
2020	$1,947,056	$1,227,365	$1,554,633	$719,691
2019	$1,005,465	$1,190,680	$292,820	$-185,215
2018	$91,915	$184,104	$258,700	$-92,189