6510 GENERAL DRIVE CORPORATION (EIN 943372034) - 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

2000

Legal Domicile

Principal Officer

ALAN NG

Phone

6503436333

Tax Period

2024-01-01 to 2024-12-31

6510 GENERAL DRIVE CORPORATION, founded in 2000, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024.

Mission

FORMED TO ACQUIRE AND HOLD TITLE TO PROPERTY IN RIVERSIDE, CA AND TO COLLECT AND REMIT INCOME TO SOLE SHAREHOLDER, A PENSION PLAN.

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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 $0

Program Service Revenue $0

Investment Income $8

Other Revenue $1,171,335

TOTAL REVENUE $1,171,343

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,171,343	$1,136,703	+0.0%
Expenses	N/A	N/A	N/A
Net Income	N/A	$1,136,703	N/A

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
GARRY J SPANNER	PRESIDENT & CHAIRMAN	1.00	Officer Director	$0	$0	$0
ROBERT T PERKINS	EXECUTIVE VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
BYRON M FOX	DIRECTOR	1.00	Director	$0	$0	$0
ERIK ST CHARLES	SECRETARY	1.00	Officer	$0	$0	$0
VICTOR T KWOK	CHIEF FINANCIAL OFFICER	1.00	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	$1,171,343	No data	$34,106,883	No data
2023	$1,136,703	No data	$34,694,556	No data
2022	$1,103,813	No data	$33,093,715	No data
2021	$1,065,908	No data	$24,215,308	No data
2020	$1,053,848	No data	$20,293,243	No data
2019	$1,115,779	No data	$20,270,284	No data
2018	$933,159	No data	$18,910,252	No data

6510 GENERAL DRIVE CORPORATION