COMMON GROUNDS COMMUNITY DEVELOPMENT CORP

EIN: 760789910 501(c)(3) Education

Lake Worth, FL

Total Revenue
$346,833
Total Expenses
$203,431
Total Assets
$145,402
Net Assets
$145,402
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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
2006
Legal Domicile
FL
Principal Officer
Kelly Olive
Phone
5613183726
Tax Period
2024-01-01 to 2024-12-31

COMMON GROUNDS COMMUNITY DEVELOPMENT CORP, founded in 2006, is a small nonprofit in the Education sector that reported $347K in total revenue in fiscal year 2024. Revenue surged 175% from the prior year, signaling strong growth momentum. The organization ran a surplus of $143K, a strong 41% operating margin.

Mission

Rallying a creative and thriving community of artists and entrepreneurs through connection, education, and inspiration to grow and give back.

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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 $261,233
Program Service Revenue $32,710
Investment Income $0
Other Revenue $52,890
TOTAL REVENUE $346,833

Expense Breakdown

Grants Paid $0
Salaries & Benefits $81,459
Fundraising Expenses $0
Program Expenses $75,800
Other Expenses $121,972
TOTAL EXPENSES $203,431

Year-over-Year Comparison

2024 2023 Change
Revenue $346,833 $126,000 +1.8%
Expenses $203,431 $126,000 +0.6%
Net Income $143,402 $0 N/A
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

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Governance

Voting Members
5
Independent Members
4
Employees
9
Volunteers
100

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
$26,523
Total Directors
0
$0
Key Employees
2
$26,523
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kelly Olive O 30
Officer Key Emp Highest
$15,923 $0 $15,923
Vincent Prescott O 10
Officer Key Emp
$10,600 $0 $10,600
Mike Olive P 2
Officer
$0 $0 $0
Cristina Tortoloni O 0.5
Officer
$0 $0 $0
Bob Padgett O 2
Officer
$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 $346,833 $203,431 $145,402 $143,402
2023 $126,000 $126,000 $2,000 No data
2022 $124,000 $124,000 $1,000 No data
2021 $177,000 $134,110 $175,337 $42,890
2020 $184,900 $131,902 $132,447 $52,998
2019 $170,000 $170,000 No data No data
2018 $430,000 $355,885 $762,000 $74,115
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