HOMOSASSA RIVER RESTORATION PROJECT INC (EIN 815074899) - 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

STEPHEN MINGUY

Phone

4078321598

Tax Period

2023-01-01 to 2023-12-31

HOMOSASSA RIVER RESTORATION PROJECT INC, founded in 2017, is a community nonprofit in the Environment sector that reported $1.3M in total revenue in fiscal year 2023. Revenue fell 68% from the prior year — a significant decline worth monitoring.

Mission

THE ORGANIZATION IS CONCERNED FOR THE HOMOSASSA RIVER, THE CREATURES WHO LIVE THERE AND ITS ONGOING SUSTAINABILITY. THE ORGANIZATION WILL WORK TO GET THE HOMOSASSA RIVER BACK TO A VIBRANT, DIVERSE ECOSYSTEM. ALONG WITH THE RIVER RESTORATION PROCESS, THE ORGANZATION WILL WORK ON THE APPICLATION AND INSTRUCTION OF EXISTING AND FUTURE TECHNOLOGIES.

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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 $1,266,851

Program Service Revenue $0

Investment Income $41

Other Revenue $0

TOTAL REVENUE $1,266,892

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,259,427

Other Expenses $1,265,598

TOTAL EXPENSES $1,265,598

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,266,892	$3,993,010	-0.7%
Expenses	$1,265,598	$3,948,508	-0.7%
Net Income	$1,294	$44,502	-1.0%

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

N/A

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
ROGER CULLEN	DIRECTOR	N/A	Officer Director	$0	$0	$0
BARBARA FLETCHER	TREASURER	1.00	Officer Director	$0	$0	$0
FRANK KAPOCSI	DIRECTOR	N/A	Officer Director	$0	$0	$0
GREGG MACKLER	DIRECTOR	1.00	Officer Director	$0	$0	$0
JUDITH BISTON	SECRETARY	1.00	Officer	$0	$0	$0
RODNEY MACRAE	VICE-PRESIDE	N/A	Officer	$0	$0	$0
STEPHEN MINGUY	PRESIDENT	8.00	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	No data	No data	No data	No data
2023	$1,266,892	$1,265,598	$72,883	$1,294
2022	$3,993,010	$3,948,508	$322,684	$44,502
2021	$4,203,061	$4,204,419	$428,794	$-1,358
2020	$774,862	$772,615	$1,322,498	$2,247

HOMOSASSA RIVER RESTORATION PROJECT INC