TRIUMPH GULF COAST INC

EIN: 821840264 501(c)(3) Human Services

TALLAHASSEE, FL

Total Revenue
$113,038,235
Total Expenses
$88,313,540
Total Assets
$617,674,364
Net Assets
$604,596,118
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
FL
Principal Officer
DAVID M BEAR
Phone
8503879405
Tax Period
2024-01-01 to 2024-12-31

TRIUMPH GULF COAST INC, founded in 2017, is a major nonprofit in the Human Services sector that reported $113.0M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $24.7M, a strong 22% operating margin.

Mission

TRIUMPH GULF COAST, INC. IS A NONPROFIT CORPORATION ORGANIZED TO OVERSEE THE EXPENDITURE OF 75 PERCENT OF ALL FUNDS RECOVERED BY THE FLORIDA ATTORNEY GENERAL FOR ECONOMIC DAMAGES TO THE STATE THAT RESULTED FROM THE 2010 DEEPWATER HORIZON OIL SPILL. TRIUMPH GULF COAST, INC., IS REQUIRED TO ADMINISTER THE DISTRIBUTION OF THE FUNDS TO BE USED FOR THE RECOVERY, DIVERSIFICATION, AND ENHANCEMENT OF THE EIGHT NORTHWEST FLORIDA COUNTIES DISPROPORTIONATELY AFFECTED BY THE OIL SPILL. THOSE COUNTIES INCLUDE ESCAMBIA, SANTA ROSA, OKALOOSA, WALTON, BAY, GULF, FRANKLIN AND WAKULLA.

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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 $80,000,000
Program Service Revenue $0
Investment Income $33,038,235
Other Revenue $0
TOTAL REVENUE $113,038,235

Expense Breakdown

Grants Paid $87,254,156
Salaries & Benefits $129,180
Fundraising Expenses $0
Program Expenses $88,141,111
Other Expenses $930,204
TOTAL EXPENSES $88,313,540

Year-over-Year Comparison

2024 2023 Change
Revenue $113,038,235 $96,800,588 +0.2%
Expenses $88,313,540 $52,834,774 +0.7%
Net Income $24,724,695 $43,965,814 -0.4%
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
7
Independent Members
7
Employees
1
Volunteers
7

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
4
$120,000
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID M BEAR CHAIR 5.00
Officer Director
$0 $0 $0
J COLLIER MERRILL VICE CHAIR 5.00
Officer Director
$0 $0 $0
REYNOLDS HENDERSON TREASURER 5.00
Officer Director
$0 $0 $0
BRYAN A CORR SR BOARD MEMBER 5.00
Director
$0 $0 $0
DAVID L HUMPHREYS BOARD MEMBER 5.00
Director
$0 $0 $0
JAY TRUMBULL SR BOARD MEMBER 5.00
Director
$0 $0 $0
LESLIE WEISS BOARD MEMBER 5.00
Director
$0 $0 $0
SUSAN SKELTON EXECUTIVE DIRECTOR 40.00
Officer
$120,000 $0 $120,000
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 $113,038,235 $88,313,540 $617,674,364 $24,724,695
2023 $96,800,588 $52,834,774 $592,362,789 $43,965,814
2022 $85,000,000 $35,783,003 $544,199,482 $49,216,997
2021 $80,000,000 $21,395,355 $493,644,757 $58,604,645
2020 $80,000,000 $6,214,028 $434,446,484 $73,785,972
2019 $80,000,000 $22,698,080 $361,150,783 $57,301,920
2018 $4,419,277 $828,283 $303,933,819 $3,590,994
2017 $300,000,000 $330,240 $300,240,625 $299,669,760
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