PLANT CITY ARMED FORCES MEMORIALS FOUNDATION INC (EIN 204924255) - 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

Principal Officer

JENNIFER CLOSSHEY

Phone

8137524197

Tax Period

2024-01-01 to 2024-12-31

PLANT CITY ARMED FORCES MEMORIALS FOUNDATION INC, founded in 2006, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $6K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $7K exceeded revenue, resulting in a 21% operating deficit.

Mission

OUR MISSION IS TO RAISE FUNDS AND TO ERECT A MONUMENT WHICH WILL BE A PERMANENT SYMBOL OF THE GRATITUDE OF THE PEOPLE OF PLANT CITY TO THE MEN AND WOMEN OF OUR COMMUNITY WHO SERVED, FOUGHT AND DIED IN THE MILITARY SERVICES OF OUR COUNTRY SINCE THE BIRTH OF OUR NATION.

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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 $6,150

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,150

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,442

Other Expenses $7,442

TOTAL EXPENSES $7,442

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,150	$5,150	+0.2%
Expenses	$7,442	$261	+27.5%
Net Income	$-1,292	$4,889	-1.3%

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

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
EDWARD M VERNER	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER CLOSSHEY	PRESIDENT	2.00	Officer	$0	$0	$0
NATE KILTON	SEC/TREAS	1.00	Officer	$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	$6,150	$7,442	$12,786	$-1,292
2023	$5,150	$261	$14,078	$4,889
2022	No data	$536	$9,189	No data
2021	$175	$448	$9,725	$-273
2020	$600	No data	$9,998	No data
2019	$300	$1,381	$9,398	$-1,081
2018	$2,300	$619	$10,479	$1,681

PLANT CITY ARMED FORCES MEMORIALS FOUNDATION INC