TYR DEVELOPMENT CO

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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

AVTANDIL GARAKANIDZE

Phone

4088076970

Tax Period

2023-01-01 to 2023-12-31

TYR DEVELOPMENT CO, founded in 2018, is a small nonprofit in the Housing & Shelter sector that reported $307K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $263K, a strong 86% operating margin.

Mission

WE ARE DEDICATED TO PROVIDING AFFORDABLE, QUALITY, SAFE HOUSING TO UNDERPRIVILEGED, LOW TO MIDDLE INCOME HOUSEHOLDS THROUGHOUT THE UNITED STATES.

Program Service Accomplishments

Program 1

Expenses: $37,450 Revenue: $56,209

PROVIDED AFFORDABLE, QUALITY, SAFE HOUSING TO UNDERPRIVILEGED, LOW TO MIDDLE INCOME HOUSEHOLDS THROUGHOUT THE UNITED STATES.A MULTI-UNIT RESIDENTIAL RENTAL PROPERTY CONTINUED TO BE RENTED THROUGHOUT 2023 TO LOW INCOME HOUSEHOLDS. THE NONPROFIT HAS AN INVESTMENT IN A LOW-INCOME MULTIFAMILY PROPERTY AS WELL. DURING 2023 A DONATION WAS OBTAINED ALLOWING THE NONPROFIT TO PURCHASE LAND. THE ORGANIZATION IS CONSIDERING WAYS TO USE THIS FOR THEIR MISSION.

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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 $200,100

Program Service Revenue $50,550

Investment Income $53,268

Other Revenue $2,659

TOTAL REVENUE $306,577

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $37,450

Other Expenses $43,195

TOTAL EXPENSES $43,195

Year-over-Year Comparison

	2023	2022	Change
Revenue	$306,577	$329,554	-0.1%
Expenses	$43,195	$28,214	+0.5%
Net Income	$263,382	$301,340	-0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AVTANDIL GARAKANIDZE	PRESIDENT	10.00	Officer Director	$0	$0	$0
KEVETAN LASHKHI	VICE PRESIDENT, TREASURER	10.00	Officer Director	$0	$0	$0
IRAKLI GARAKANIDZE	SECRETARY	2.00	Officer Director	$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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$306,577	$43,195	$2,641,179	$263,382
2022	$329,554	$28,214	$2,374,997	$301,340
2021	$639,889	$43,774	$2,073,657	$596,115
2020	$449,601	$34,875	$1,477,242	$414,726
2019	$571,846	$2,603	$1,061,566	$569,243