CENTERSTATE CEO FOUNDATION INC (EIN 222305294) - 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

1980

Legal Domicile

Principal Officer

ROBERT SIMPSON

Phone

3154701800

Tax Period

2024-01-01 to 2024-12-31

CENTERSTATE CEO FOUNDATION INC, founded in 1980, is a small nonprofit in the Public & Societal Benefit sector that reported $311K in total revenue in fiscal year 2024. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $427K exceeded revenue, resulting in a 37% operating deficit.

Mission

TO ATTRACT PHILANTHROPIC SUPPORT FOR CENTERSTATE CEO PROGRAMS THAT REMOVE BARRIERS TO ECONOMIC PROSPERITY FOR PEOPLE AND PLACES. THESE PROGRAMS HELP RESIDENTS ACCESS QUALITY JOBS, INCLUSIVE WORKPLACES, AND ENTREPRENEURSHIP OPPORTUNITIES, AS WELL AS BUILD VIBRANT NEIGHBORHOOD BUSINESS CENTERS.

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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 $298,594

Program Service Revenue $0

Investment Income $11,111

Other Revenue $837

TOTAL REVENUE $310,542

Expense Breakdown

Grants Paid $0

Salaries & Benefits $78,554

Fundraising Expenses $0

Program Expenses $426,992

Other Expenses $348,438

TOTAL EXPENSES $426,992

Year-over-Year Comparison

	2024	2023	Change
Revenue	$310,542	$754,823	-0.6%
Expenses	$426,992	$656,710	-0.3%
Net Income	$-116,450	$98,113	-2.2%

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

$922,396

Total Directors

$608,672

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATHAN ANDREWS	DIRECTOR	1.00	Director	$0	$0	$0
VICKI BRACKENS	DIRECTOR	1.00	Director	$0	$0	$0
EVELYN INGRAM	CHAIR	1.00	Officer Director	$0	$0	$0
MARGARET O'CONNELL	DIRECTOR	1.00	Director	$0	$0	$0
MELANIE LITTLEJOHN	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY PENIX	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SCHNECKENBURGER	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT SIMPSON	PRESIDENT	1.00	Officer Director	$14,042	$127,938	$434,054
GAIL COWLEY	SECRETARY	1.00	Officer Director	$0	$0	$0
SUSAN CROSSETT	TREASURER	1.00	Officer Director	$0	$0	$0
MANTOSH DEWAN MD	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY TOWNSEND	DIRECTOR	1.00	Director	$0	$0	$0
JAMES REED	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TIMOTHY MURPHY	CHAIR, DEVELOPMENT COMMITTEE	1.00	Officer Director	$0	$0	$0
JOHN HUHTALA	DIRECTOR	1.00	Director	$0	$0	$0
SOMAK CHATTOPADHYAY	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN FOURNIER	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS SCHNEIDER	DIRECTOR	1.00	Director	$0	$0	$0
ERIK SMITH	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN GORCZYNSKI	DIRECTOR	1.00	Director	$0	$0	$0
DIMITAR KARAIVANOV	DIRECTOR	1.00	Director	$0	$0	$0
DR SETH KRONENBERG	DIRECTOR	1.00	Director	$0	$0	$0
JO ANNE GAGLIANO	DIRECTOR	1.00	Director	$0	$0	$0
JOHANNA ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
BEN SIO	SVP	1.00	Officer Director	$14,682	$36,694	$174,618
DAVID NUTTING	DIRECTOR	1.00	Director	$0	$0	$0
ERIC MOWER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL NASH	DIRECTOR	1.00	Director	$0	$0	$0
KELLY FURMAROLA	EXECUTIVE DIRECTOR	7.00	Officer	$40,396	$4,707	$98,535
MARIAN FRANCHER	SENIOR DIRECTOR OF FINANCE	1.00	Officer	$0	$12,964	$117,792
LORI DIETZ	SVP OF ADMINISTRATION & HU	1.00	Officer	$0	$5,021	$97,397

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	$310,542	$426,992	$1,547,973	$-116,450
2023	$754,823	$656,710	$2,218,921	$98,113
2022	$232,388	$254,806	$1,983,596	$-22,418
2021	$245,775	$304,393	$1,524,975	$-58,618
2020	$456,515	$284,062	$1,558,938	$172,453
2019	$20,374	$219,056	$3,246,485	$-198,682
2018	$391,304	$108,515	$2,462,563	$282,789

CENTERSTATE CEO FOUNDATION INC