PEACE RIVER COOPERATIVE CHARITABLE FOUNDATION INC

EIN: 204064056 501(c)(3) Education

WAUCHULA, FL

Total Revenue
$211,427
Total Expenses
$154,009
Total Assets
$433,676
Net Assets
$433,676
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
FL
Principal Officer
THOMAS HACKLE
Phone
8637674644
Tax Period
2023-01-01 to 2023-12-31

PEACE RIVER COOPERATIVE CHARITABLE FOUNDATION INC, founded in 2005, is a small nonprofit in the Education sector that reported $211K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $57K, a strong 27% operating margin.

Mission

THE PURPOSE OF THE FOUNDATION SHALL BE THE ACCUMULATION AND DISBURSEMENT OF FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF PEACE RIVER ELECTRIC COOPERATIVE, INC. AND ITS SURROUNDING COMMUNITIES. THIS SHALL BE ACCOMPLISHED BY DISBURSEMENT OF THESE ACCUMULATED CHARITABLE FUNDS OF THE FOUNDATION TO INDIVIDUALS AND ORGANIZATIONS FOR NEEDS WHICH ARE RELATED TO FOOD, SHELTER, CLOTHING, HEALTH NEEDS, ENVIRONMENTAL AND EDUCATION. UPON DISSOLUTION OF THE FOUNDATION, ANY REMAINING FUNDS SHALL BE DISTRIBUTED ONLY FOR CHARITABLE PURPOSES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $208,520
Program Service Revenue $0
Investment Income $2,907
Other Revenue $0
TOTAL REVENUE $211,427

Expense Breakdown

Grants Paid $146,209
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $146,209
Other Expenses $7,800
TOTAL EXPENSES $154,009

Year-over-Year Comparison

2023 2022 Change
Revenue $211,427 $228,643 -0.1%
Expenses $154,009 $261,241 -0.4%
Net Income $57,418 $-32,598 -2.8%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
9

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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROL ACKERLY SECRETARY 0.50
Officer Director
$0 $0 $0
THOMAS W BALISTRERI DIRECTOR 1.10
Director
$0 $0 $0
WINNIE GORDON DIRECTOR 1.00
Director
$0 $0 $0
THOMAS HACKLE TREASURER 1.50
Officer Director
$0 $0 $0
ELLEN HAMEL CHAIR 5.00
Officer Director
$0 $0 $0
MATT HARRISON VICE CHAIR 1.00
Officer Director
$0 $0 $0
RICHARD ILLCH DIRECTOR 0.50
Director
$0 $0 $0
JUDYE MERCER DIRECTOR 1.00
Director
$0 $0 $0
MILDRED SMITH DIRECTOR 1.00
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 No data No data No data No data
2023 $211,427 $154,009 $433,676 $57,418
2022 $228,643 $261,241 $376,958 $-32,598
2021 $206,943 $165,720 $408,856 $41,223
2020 $219,819 $235,350 $378,749 $-15,531
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