POLK VISION INC

EIN: 200141870 501(c)(3) Community Improvement

WINTER HAVEN, FL

Total Revenue
$506,806
Total Expenses
$524,406
Total Assets
$763,747
Net Assets
$459,737
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
FL
Principal Officer
KIM LONG
Phone
8636694932
Tax Period
2024-01-01 to 2024-12-31

POLK VISION INC, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $507K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

POLK VISION ACTIVELY FACILITATES A PROCESS THROUGH WHICH POLK COUNTY ACHIEVES ITS FULL POTENTIAL BY IDENTIFYING AND BUILDING AWARENESS OF COMMUNITY PRIORITIES IMPACTING QUALITY OF LIFE, EDUCATION, INFRASTRUCTURE, ECONOMIC DEVELOPMENT, CIVIC ENGAGEMENT AND GOVERNMENT.

Program Service Accomplishments

Program 1
Expenses: $463,382 Revenue: $85,884

POLK VISION IS A BROAD, COMMUNITY-LED PARTNERSHIP OF ORGANIZATIONS, BUSINESSES, GOVERNMENT, AND INDIDIVUALS WORKING TO ALIGN RESOURCES AND DEVELOP LASTING SOLUTIONS TO CRITICAL ISSUES FACING OUR...

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POLK VISION IS A BROAD, COMMUNITY-LED PARTNERSHIP OF ORGANIZATIONS, BUSINESSES, GOVERNMENT, AND INDIDIVUALS WORKING TO ALIGN RESOURCES AND DEVELOP LASTING SOLUTIONS TO CRITICAL ISSUES FACING OUR ENTIRE COUNTY. AS FACILITATORS OF A COUNTYWIDE COLLABORATION AMONG SCHOOLS, NON-PROFITS, BUSINESSES AND THE PUBLIC SECTOR, POLK VISION PROVIDES THE FRAMEWORK FOR ACHIEVING SUSTAINED IMPROVEMENT TO A RANGE OF COMPLEX ISSUES. POLK VISION VOLUNTEER TEAMS HAVE DEVELOPED A DIFFERENT STRATEGY AND A RANGE OF TACTICS TO ACHIEVE LONG-TERM OUTCOMES TO INCREASE THE HIGH SCHOOL GRADUATION RATE; INCREASE CAREER AND COLLEGE READINESS; AND IMPROVE THE HEALTH AND WELLBEING OF OUR COMMUNITY.A COUNTYWIDE OUTREACH WAS PERFORMED WITH 72 ONE-ON-ONE INTERVIEWS HELD WITH PUBLIC, PRIVATE, AND CIVIC LEADERS TO DISCUSS BOTH CURRENT AND EMERGING CHALLENGES. A SERIES OF THIRTEEN FOCUS GROUPS WERE CONVENED TO GATHER VALUABLE INSIGHTS AND DIVERSE PERSPECTIVES OF RESIDENTS. FOLLOWING THE FOCUS GROUPS, POLK VISION SOUGHT WIDESPREAD INPUT THROUGH AN ONLINE SURVEY WHICH WAS OPEN FROM MAY 1, 2024, THROUGH JUNE 12, 2024, AND GARNERED THE OPINIONS OF 3,622 UNIQUE RESPONDENTS.THE ISSUES IDENTIFIED BY THIS RESEARCH ARE DOCUMENTED AND ORGANIZED WITHIN SEVEN INTERDEPENDENT AREAS OF FOCUS. PRIORITIES WITHIN EACH AREA OF FOCUS ARE TIED TO IDENTIFIED STRATEGIES AND DATA FOR BENCHMARKING. DURING A JOINT SESSION OF THE POLK VISION BOARD OF DIRECTORS AND ITS OPERATING BOARD ON JUNE 20, 2024, THE RESEARCH RESULTS WERE REVIEWED AND RELATED STRATEGIES FOR IMPROVING OUTCOMES WERE APPROVED. ON AUGUST 20, 2024, THE UPDATED VISION WAS ENDORSED BY THE POLK COUNTY BOARD OF COUNTY COMMISSIONERS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $417,444
Program Service Revenue $85,884
Investment Income $2,078
Other Revenue $1,400
TOTAL REVENUE $506,806

Expense Breakdown

Grants Paid $0
Salaries & Benefits $309,615
Fundraising Expenses $0
Program Expenses $463,382
Other Expenses $214,791
TOTAL EXPENSES $524,406

Year-over-Year Comparison

2024 2023 Change
Revenue $506,806 $401,586 +0.3%
Expenses $524,406 $421,100 +0.2%
Net Income $-17,600 $-19,514 -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

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Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
20
Employees
5
Volunteers
501

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
7
$112,290
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANGELA FALCONETTI CHAIR / IMMEDIATE PAST CHAIR 2.00
Officer Director
$0 $0 $0
STACY BUTTERFIELD IMMEDIATE PAST CHAIR / DIRECTOR 2.00
Officer Director
$0 $0 $0
SEAN MALOTT CHAIR ELECT / CHAIR 3.00
Officer Director
$0 $0 $0
NICK PLOTT TREASURER / CHAIR ELECT 2.00
Officer Director
$0 $0 $0
DANIELLE DRUMMOND DIRECTOR / TREASURER 1.00
Officer Director
$0 $0 $0
TERESA MARTINEZ SECRETARY 2.00
Officer Director
$0 $0 $0
ASHLEY BELL BARNETT DIRECTOR - AS OF 8/24 1.00
Director
$0 $0 $0
BILL BEASLEY DIRECTOR 1.00
Director
$0 $0 $0
NAOMI BOYER DIRECTOR - THRU 8/24 3.00
Director
$0 $0 $0
BRAD DANTZLER DIRECTOR 1.00
Director
$0 $0 $0
GENE FULTZ DIRECTOR - THRU 8/24 1.00
Director
$0 $0 $0
FREDERICK HEID DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINA JACKSON DIRECTOR 1.00
Director
$0 $0 $0
GRADY JUDD DIRECTOR 1.00
Director
$0 $0 $0
GREG LITTLETON DIRECTOR 1.00
Director
$0 $0 $0
LISA MILLER DIRECTOR - AS OF 8/24 1.00
Director
$0 $0 $0
ALEX NIKDEL DIRECTOR 1.00
Director
$0 $0 $0
SEAN PARKER DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINE SAMUEL DIRECTOR 1.00
Director
$0 $0 $0
MARTHA SANTIAGO DIRECTOR 1.00
Director
$0 $0 $0
SHAWN SHERROUSE DIRECTOR 1.00
Director
$0 $0 $0
SARA BETH WYATT DIRECTOR - THRU 8/24 1.00
Director
$0 $0 $0
MARC ZIMMERMAN DIRECTOR - AS OF 8/24 3.00
Director
$0 $0 $0
KIM LONG EXECUTIVE DIRECTOR 50.00
Officer
$106,623 $5,667 $112,290
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 $506,806 $524,406 $763,747 $-17,600
2023 $401,586 $421,100 $724,807 $-19,514
2022 $468,304 $421,532 $745,070 $46,772
2021 $511,251 $405,410 $702,729 $105,841
2020 $401,342 $315,052 $592,035 $86,290
2019 $385,493 $413,489 $507,963 $-27,996
2018 $438,378 $353,319 $534,866 $85,059
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