GLADES CORRECTIONAL DEVELOPMENT CORPORATION (EIN 030479709) - 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

2006

Legal Domicile

Phone

8639460100

Tax Period

2023-10-01 to 2024-09-30

GLADES CORRECTIONAL DEVELOPMENT CORPORATION, founded in 2006, is a small nonprofit in the Crime & Legal sector that reported $148K in total revenue in fiscal year 2023. Revenue fell 82% from the prior year — a significant decline worth monitoring. Expenses of $2.4M exceeded revenue, resulting in a 1500% operating deficit.

Mission

TO CONSTRUCT & OPERATE A DETENTION FACILITY IN GLADES COUNTY, FLORIDA & TO PROVIDE SECURE BED SPACE & ALL APPROPRIATE SUPPORT SUCH AS FOOD, MEDICAL, RECREATION & EDUCATION FOR DETAINEES.

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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 $0

Program Service Revenue $69,425

Investment Income $78,303

Other Revenue $0

TOTAL REVENUE $147,728

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,319,985

Other Expenses $2,364,287

TOTAL EXPENSES $2,364,287

Year-over-Year Comparison

	2023	2022	Change
Revenue	$147,728	$833,736	-0.8%
Expenses	$2,364,287	$4,121,443	-0.4%
Net Income	$-2,216,559	$-3,287,707	-0.3%

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
TIM STANLEY	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
MICHAEL DUPREE	Treasurer	2.00	Officer Director	$0	$0	$0
TOMMY PERRY	Vice President	8.00	Officer Director	$0	$0	$0
STUART WHIDDON	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
MATTHEW HOWARD	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
2024	$147,728	$2,364,287	$17,964,962	$-2,216,559
2023	$833,736	$4,121,443	$19,327,384	$-3,287,707
2022	$8,072,727	$10,409,730	$22,047,530	$-2,337,003
2021	$15,010,442	$12,774,999	$26,412,123	$2,235,443
2020	$15,804,232	$14,823,213	$26,213,856	$981,019
2019	$17,112,509	$14,813,650	$28,438,693	$2,298,859

GLADES CORRECTIONAL DEVELOPMENT CORPORATION