Titusville Community Development Services Inc (EIN 813958177) - 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

2017

Legal Domicile

Principal Officer

Steve Coleman

Phone

8148273668

Tax Period

2024-01-01 to 2024-12-31

Titusville Community Development Services Inc, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $787K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Net assets of $15.0M represent 228 months of operating reserves.

Mission

To promote economic development in the Titusville, Pennsylvania geographic area.

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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 $343,069

Program Service Revenue $43,834

Investment Income $14

Other Revenue $400,239

TOTAL REVENUE $787,156

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $788,176

Other Expenses $849,792

TOTAL EXPENSES $849,792

Year-over-Year Comparison

	2024	2023	Change
Revenue	$787,156	$686,567	+0.1%
Expenses	$849,792	$1,284,411	-0.3%
Net Income	$-62,636	$-597,844	-0.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jon Edwards	Director	5.00	Director	$0	$0	$0
Jeff Thomas	Vice President	5.00	Officer	$0	$0	$0
Steve Coleman	Chairman	5.00	Officer	$0	$0	$0
Tambra Sabitini	Secretary	5.00	Officer	$0	$0	$0
Alexa Vroman	Treasurer	5.00	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	$787,156	$849,792	$18,573,259	$-62,636
2023	$686,567	$1,284,411	$18,964,925	$-597,844
2022	$427,166	$811,299	$19,645,189	$-384,133
2021	$239,350	$613,276	$19,951,261	$-373,926
2020	$927,232	$1,498,467	$20,342,525	$-571,235
2019	$502,549	$757,775	$21,837,176	$-255,226
2018	$450,278	$783,817	$21,980,409	$-333,539

Titusville Community Development Services Inc