NEW VARIETIES DEVELOPMENT & MANAGE… - Form 990 Financial Data

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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

2005

Legal Domicile

Principal Officer

J PETER CHAIRES

Phone

3212145200

Tax Period

2024-08-01 to 2025-07-31

NEW VARIETIES DEVELOPMENT & MANAGEMENT CORP, founded in 2005, is a small nonprofit in the Environment sector that reported $632K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

GROWER SUPPORT: TO PROVIDE FINANCIAL AND STRATEGIC SUPPORT TO FLORIDA'S IN-STATE BREEDING PROGRAMS. NEW VARIETIES: TO IDENTIFY PROMISING CITRUS SELECTIONS FOR FLORIDA PRODUCERS AND INTRODUCE NEW VARIETIES. AFFORDABLE AND ACCESSIBLE: TO PROVIDE TIMELY AND AFFORDABLE ACCESS TO PROPRIETARY CITRUS VARIETIES.

Program Service Accomplishments

Program 1

Expenses: $585,294

NVDMC SUPPORTS NEW VARIETY DEVELOPMENT RESEARCH IN FLORIDA BY PROVIDING FLORIDA CITRUS GROWERS UNIQUE AND HIGH VALUE VARIETIES FOR FRESH AND PROCESSED USES. NVDMC SERVES AS THE LICENSING AGENT FOR...

NVDMC SUPPORTS NEW VARIETY DEVELOPMENT RESEARCH IN FLORIDA BY PROVIDING FLORIDA CITRUS GROWERS UNIQUE AND HIGH VALUE VARIETIES FOR FRESH AND PROCESSED USES. NVDMC SERVES AS THE LICENSING AGENT FOR DOMESTIC AND INTERNATIONAL PUBLIC AND PRIVATE VARIETIES, PROVIDING GROWERS AND NURSERIES ACCESS TO PROPRIETARY FRESH FRUIT VARIETIES, WHILE ALSO INTRODUCING CITRUS VARIETIES FOR COMMERCIAL GROWERS TO TRIAL THROUGH THE FAST TRACK PROGRAM WITH THE UNIVERSITY OF FLORIDA AND EARLY EVALUATION OPPORTUNITIES WITH SELECTIONS DEVELOPED BY THE UDSA AGRICULTURAL RESEARCH SERVICE.

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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 $624,977

Program Service Revenue $0

Investment Income $0

Other Revenue $7,045

TOTAL REVENUE $632,022

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $585,294

Other Expenses $629,658

TOTAL EXPENSES $629,658

Year-over-Year Comparison

	2024	2023	Change
Revenue	$632,022	$702,011	-0.1%
Expenses	$629,658	$658,106	0.0%
Net Income	$2,364	$43,905	-0.9%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUSTY BANACK	DIRECTOR	N/A	Director	$0	$0	$0
ALEX BROWN	DIRECTOR	N/A	Director	$0	$0	$0
STEVEN CALLAHAM	DIRECTOR	N/A	Director	$0	$0	$0
J PETER CHAIRES	EXECUTIVE DI	15.00	Officer Director	$0	$0	$0
N/A	CHAIRMAN	3.00	Officer Director	$0	$0	$0
PAUL KOUKOS	SECRT/TREAS	2.00	Officer Director	$0	$0	$0
RON MAHAN	DIRECTOR	N/A	Director	$0	$0	$0
GREG NELSON	DIRECTOR	N/A	Director	$0	$0	$0
CLAY PEDERSON	DIRECTOR	N/A	Director	$0	$0	$0
N/A	VICE CHAIRMA	2.00	Officer Director	$0	$0	$0
GEOFF ROE	DIRECTOR	N/A	Director	$0	$0	$0
JOBY SHERROD	DIRECTOR	N/A	Director	$0	$0	$0
EMERY SMITH	DIRECTOR	N/A	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
2025	$632,022	$629,658	$355,607	$2,364
2024	No data	No data	No data	No data
2023	$581,808	$592,202	$283,510	$-10,394
2022	$477,553	$502,878	$126,225	$-25,325
2021	$571,840	$583,327	$292,124	$-11,487
2020	$585,283	$580,241	$172,060	$5,042
2019	$623,340	$600,640	$340,051	$22,700

NEW VARIETIES DEVELOPMENT & MANAGEMENT CORP