EAST TAMPA BUSINESS AND COMMUNITY

EIN: 650922040 501(c)(3) Community Improvement

TAMPA, FL

Total Revenue
$2,064,657
Total Expenses
$2,329,324
Total Assets
$12,351,746
Net Assets
$-861,110
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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
FL
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

TO DEVELOP A HEALTHY BUSINESS, HOUSING AND COMMUNITY CLIMATE IN ORDER TO STIMULATE ECONOMIC OPPORTUNITIES AND IMPROVE LIVING CONDITIONS. TO REHABILITATE AND DEVELOP AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME FAMILIES.

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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%)

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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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Governance

Voting Members
11
Independent Members
11
Employees
3
Volunteers
12

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
5
$222,115
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
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
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