TAMPA BAY ECONOMIC PROSPERITY FOUN… - Form 990 Financial Data

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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

2018

Legal Domicile

Principal Officer

CRAIG RICHARD

Phone

8135182624

Tax Period

2024-10-01 to 2025-09-30

TAMPA BAY ECONOMIC PROSPERITY FOUNDATION INC, founded in 2018, is a small nonprofit in the Human Services sector that reported $213K in total revenue in fiscal year 2024. Revenue surged 184% from the prior year, signaling strong growth momentum. Expenses of $195K left a modest 8% surplus.

Mission

THE ORGANIZATION WILL CONDUCT SCIENTIFIC RESEARCH ON A VARIETY OF SOCIAL WELFARE ISSUES FACING THE TAMPA METROPOLITAN AREA. THE RESEARCH WILL FOCUS ON UNDERSTANDING THE NEEDS OF LOCAL BUSINESSES AND INDUSTRIES IN THE TAMPA AREA, AS WELL AS THE NEEDS OF UNEMPLOYED, UNDEREMPLOYED AND UNDERSERVED RESIDENTS OF THE AREA. THROUGH ITS RESEARCH, THE ORGANIZATION WILL AIM TO IDENTIFY THE SKILL DEFICIENCIES IN THE LOCAL WORKFORCE AND OTHER BARRIERS TO ECONOMIC GROWTH AND EXAMINE HOW CERTAIN SOCIAL FACTORS AFFECT THE ECONOMIC PROSPERITY OF TAMPA RESIDENTS. THE RESEARCH WILL BE CONDUCTED BY PAID EMPLOYEES OF THE ORGANIZATION AND WILL BE FUNDED BY GRANTS AND DONATIONS TO THE ORGANIZATION

Program Service Accomplishments

Program 1

Expenses: $162,942 Revenue: $0

THE TAMPA BAY ECONOMIC PROSPERITY FOUNDATION IS HAVING AN OUTSIZED IMPACT ON UNDERSERVED COMMUNITIES IN TAMPA. THE CERTUP CAMPAIGN WAS OUR MOST SUCCESSFUL TO DATE IN TERMS OF RETURN ON INVESTMENT. WE AUGMENTED THE NUMBER OF PROGRAMS WE PROMOTED IN ALLIED HEALTH, ADDING COURSES IN NUCLEAR MEDICINE AND MEDICAL CODING. WE CONTINUED PROMOTING THE ELECTRICAL LINE WORKER TRAINING PROGRAM IN PARTNERSHIP WITH TECO, WHICH RESULTED IN COMPLETELY SELLING OUT THE PROGRAMS OFFERED THROUGH SPRING 2026. OUR HIGHLY EFFICIENT, COST-EFFECTIVE STRATEGY THAT LEVERAGED VIDEO AND SOCIAL MEDIA TO DRIVE LEADS. THE 2025 CAMPAIGN YIELDED A 65% INCREASE IN LEADS AND A 150% JUMP IN CLICK-THROUGH RATES TO HILLSBOROUGH COLLEGE PROGRAMS, THE MOST POPULAR OF WHICH INCLUDED WELDING, ELECTRICAL LINE WORKER, AUTO COLLISION AND SONOGRAPHY. THE FOUNDATION WAS PLEASED TO CONTINUE LOANING FUNDS TO OPPORTUNITY TAMPA BAY, INC., WHICH IS IMPLEMENTING THE PLANS FOR COMMERCIAL AND RESIDENTIAL REDEVELOPMENT IDENTIFIED IN THE EAST TAMPA INDUSTRIAL DISTRICT MASTER PLAN. OTBI WILL CONTINUE PAYING BACK THE LOANS FROM THE FOUNDATION THROUGH FY2026. PLANS FOR A LIVE LEARN DEVELOPMENT THAT INCLUDE 118 UNITS OF AFFORDABLE HOUSING SITUATED NEXT TO THE EAST TAMPA INNOVATION CENTER WERE APPROVED BY THE CITY OF TAMPA THIS YEAR AND ARE EXPECTED TO BREAK GROUND NEXT YEAR.

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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 $229,250

Program Service Revenue $0

Investment Income $0

Other Revenue $-16,305

TOTAL REVENUE $212,945

Expense Breakdown

Grants Paid $0

Salaries & Benefits $63,861

Fundraising Expenses $3,488

Program Expenses $162,942

Other Expenses $131,153

TOTAL EXPENSES $195,014

Year-over-Year Comparison

	2024	2023	Change
Revenue	$212,945	$75,000	+1.8%
Expenses	$195,014	$172,314	+0.1%
Net Income	$17,931	$-97,314	-1.2%

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

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

$551,381

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR KEN ATWATER PHD	CHAIR	1.00	Officer Director	$0	$0	$0
STEPHANIE SMITH	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
PATTY HAMILTON	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
NATHANIEL DOLINER	DIRECTOR	1.00	Director	$0	$0	$0
FELICIA HARVEY	DIRECTOR	1.00	Director	$0	$0	$0
LEILANI SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG RICHARD	PRESIDENT/CEO	1.00	Officer	$0	$59,083	$551,381

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
2025	$212,945	$195,014	$873,389	$17,931
2024	$75,000	$172,314	$908,235	$-97,314
2023	$350,880	$397,119	$972,532	$-46,239
2022	$88,309	$390,425	$1,281,473	$-302,116
2021	$1,296,434	$234	$1,296,205	$1,296,200

TAMPA BAY ECONOMIC PROSPERITY FOUNDATION INC