GEORGETOWN STEAM PLANT COMMUNITY DEVELOPMENT AUTHORITY (EIN 844207491) - 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

2019

Legal Domicile

Principal Officer

Samuel Farrazaino

Phone

2068903283

Tax Period

2024-01-01 to 2024-12-31

GEORGETOWN STEAM PLANT COMMUNITY DEVELOPMENT AUTHORITY, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $422K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $215K, a strong 51% operating margin.

Mission

Stewarding the historic Georgetown Steam Plant into a a community gathering and event space and creating immersive history experiences, a center for science, history, technology, engineering, art and math while retrofitting the building itself.

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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 $378,665

Program Service Revenue $39,765

Investment Income $4,057

Other Revenue $0

TOTAL REVENUE $422,487

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,958

Fundraising Expenses $0

Program Expenses $30,941

Other Expenses $191,599

TOTAL EXPENSES $207,557

Year-over-Year Comparison

	2024	2023	Change
Revenue	$422,487	$690,437	-0.4%
Expenses	$207,557	$1,116,675	-0.8%
Net Income	$214,930	$-426,238	-1.5%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
Samuel Farraziano	Treasurer	Director	$0	$0	$0
Mike Haynes	Director	Director	$0	$0	$0
Grace Leong	Director	Director	$0	$0	$0
James Miles	Director	Director	$0	$0	$0
Stephanie Jones Gunn	Director	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
2024	$422,487	$207,557	$192,754	$214,930
2023	$690,437	$1,116,675	$34,211	$-426,238

GEORGETOWN STEAM PLANT COMMUNITY DEVELOPMENT AUTHORITY