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Triumph Gulf Coast Inc

EIN 82-1840264 · Tallahassee, FL

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong100 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

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.

Income
$113.0 million
Spending
$88.3 million
Spent on programs
100%
Reserves
69.1 months of spending
Largest source of income
government grants, 71%
Employees
1
Volunteers
7
Highest pay
$120,000, executive director

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 100 out of 100. Higher than 98% of charities in its peer group (human services, over $100m).

  • Reserves

    35 of 35

    Spendable reserves would cover 69.1 months of spending.

  • Debt

    20 of 20

    It owes 2% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 22% of income.

  • Income trend

    15 of 15

    Income rose 17% on the year before.

  • Spending floor

    15 of 15

    100% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 28% of charities in its peer group (human services, over $100m).

  • Independent board

    25 of 25

    7 of 7 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $88.1 million spent. TRIUMPH GULF COAST, INC., SHALL MAKE AWARDS FROM AVAILABLE FUNDS TO PROJECTS OR PROGRAMS THAT MEET THE PRIORITIES FOR ECONOMIC RECOVERY, DIVERSIFICATION, AND ENHANCEMENT OF THE DISPROPORTIONATELY AFFECTED COUNTIES. TRIUMPH OPENED THE APPLICATION PROCESS FOR THESE FUNDS IN NOVEMBER 2017. THE FIRST GRANTS WERE AWARDED IN 2018. AWARDS MAY BE PROVIDED FOR: (1) AD VALOREM TAX RATE REDUCTION WITHIN DISPROPORTIONATELY AFFECTED COUNTIES; (2) LOCAL MATCH REQUIREMENTS OF FLORIDA S. 288.0655 FOR PROJECTS IN THE DISPROPORTIONATELY AFFECTED COUNTIES; (3) PUBLIC INFRASTRUCTURE PROJECTS FOR CONSTRUCTION, EXPANSION, OR MAINTENANCE WHICH ARE SHOWN TO ENHANCE ECONOMIC RECOVERY, DIVERSIFICATION, AND ENHANCEMENT OF THE DISPROPORTIONATELY AFFECTED COUNTIES; (4) GRANTS TO LOCAL GOVERNMENTS IN THE DISPROPORTIONATELY AFFECTED COUNTIES TO ESTABLISH AND MAINTAIN EQUIPMENT AND TRAINED PERSONNEL FOR LOCAL ACTION PLANS OF RESPONSE TO RESPOND TO DISASTERS; (5) GRANTS TO SUPPORT PROGRAMS THAT PREPARE STUDENTS FOR FUTURE OCCUPATIONS AND CAREERS AT K-20 INSTITUTIONS THAT HAVE CAMPUSES IN DISPROPORTIONATELY AFFECTED COUNTIES. ELIGIBLE PROGRAMS INCLUDE THOSE THAT INCREASE STUDENTS' TECHNOLOGY SKILLS AND KNOWLEDGE; ENCOURAGE INDUSTRY CERTIFICATIONS; PROVIDE RIGOROUS, ALTERNATIVE PATHWAYS FOR STUDENTS TO MEET HIGH SCHOOL GRADUATION REQUIREMENTS; STRENGTHEN CAREER READINESS INITIATIVES; FUND HIGH-DEMAND PROGRAMS OF EMPHASIS AT THE BACHELOR'S AND MASTER'S LEVEL DESIGNATED BY THE BOARD OF GOVERNORS; AND, SIMILAR TO OR THE SAME AS TALENT RETENTION PROGRAMS CREATED BY THE CHANCELLOR OF THE STATE UNIVERSITY SYSTEM AND THE COMMISSION OF EDUCATION, ENCOURAGE STUDENTS WITH INTEREST OR APTITUDE FOR SCIENCE, TECHNOLOGY, ENGINEERING,MATHEMATICS, AND MEDICAL DISCIPLINES TO PURSUE POSTSECONDARY EDUCATION AT A STATE UNIVERSITY OF A FLORIDA COLLEGE SYSTEM INSTITUTION WITHIN THE DISPROPORTIONATELY AFFECTED COUNTIES; (6) GRANTS TO SUPPORT PROGRAMS THAT PROVIDE PARTICIPANTS IN THE DISPROPORTIONATELY AFFECTED COUNTIES WITH TRANSFERABLE, SUSTAINABLE WORKFORCE SKILLS THAT ARE NOT CONFINED TO A SINGLE EMPLOYER; AND (7) GRANTS TO THE TOURISM ENTITY CREATED UNDER FLORIDA S. 288.1226 FOR THE PURPOSE OF ADVERTISING AND PROMOTING TOURISM AND FRESH FROM FLORIDA, AND GRANTS TO PROMOTE WORKFORCE AND INFRASTRUCTURE, ON BEHALF OF ALL OF THE DISPROPORTIONATELY AFFECTED COUNTIES.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since November 2018.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.