BAKER CORRECTIONAL DEVELOPMENT CORP

EIN: 208376555 501(c)(3)

MACCLENNY, FL

Total Revenue
$3,863,842
Total Expenses
$4,791,744
Total Assets
N/A
Net Assets
N/A
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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
FL
Principal Officer
SHARON B PADGETT
Phone
9042590381
Tax Period
2018-10-01 to 2019-09-30

BAKER CORRECTIONAL DEVELOPMENT CORP, founded in 2006, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2018. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $4.8M exceeded revenue, resulting in a 24% operating deficit.

Mission

TO OPERATE A 512-BED JAIL FACILITY FOR BAKER COUNTY FLORIDA.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,122,055
Investment Income $-1,259,713
Other Revenue $1,500
TOTAL REVENUE $3,863,842

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,762,187
Other Expenses $4,791,744
TOTAL EXPENSES $4,791,744

Year-over-Year Comparison

2018 2017 Change
Revenue $3,863,842 $15,490,344 -0.8%
Expenses $4,791,744 $13,412,720 -0.6%
Net Income $-927,902 $2,077,624 -1.4%
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

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Governance

Voting Members
4
Independent Members
4
Employees
1
Volunteers
4

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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES E BARBER PRESIDENT N/A
Officer
$0 $0 $0
SHARON B PADGETT SECRETARY N/A
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
2019 $3,863,842 $4,791,744 No data $-927,902
2018 $15,490,344 $13,412,720 $37,375,392 $2,077,624
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