FLORIDA ASSOCIATION OF HOUSING & REDEVELOPMENT OFFICIALS (EIN 230724683) - 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

1972

Legal Domicile

Principal Officer

SHELLI SCROGUM

Phone

9405219982

Tax Period

2024-10-01 to 2025-09-30

FLORIDA ASSOCIATION OF HOUSING & REDEVELOPMENT OFFICIALS, founded in 1972, is a small nonprofit that reported $433K in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $117K, a strong 27% operating margin.

Mission

FAHRO IS COMMITTED TO THE PROFESSIONAL DEVELOPMENT OF THE PEOPLE WHO PROVIDE PUBLIC, ASSISTED AND OTHER AFFORDABLE HOUSING IN FLORIDA, BY OFFERING A NETWORK FOR INCREASED COMMUNICATION AND EDUCATION. FAHRO WILL CONTINUE TO SUPPORT LEGISLATION FOR THE IMPROVEMENT AND DEVELOPMENT OF AFFORDABLE HOUSING AND ECONOMIC OPPORTUNITIES.

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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 $178,702

Program Service Revenue $252,984

Investment Income $0

Other Revenue $1,629

TOTAL REVENUE $433,315

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $217,875

Other Expenses $315,409

TOTAL EXPENSES $316,409

Year-over-Year Comparison

	2024	2023	Change
Revenue	$433,315	$316,349	+0.4%
Expenses	$316,409	$307,363	+0.0%
Net Income	$116,906	$8,986	+12.0%

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
NEIL BRICKFIELD	MEMBER AT LARGE	2.00	Director	$0	$0	$0
SHANE WHITE	MEMBER AT LARGE	2.00	Director	$0	$0	$0
TERESA POPE	MEMBER AT LARGE	2.00	Director	$0	$0	$0
GAIL SANSBURY	MEMBER AT LARGE	2.00	Director	$0	$0	$0
OCHE BRIDGEFORD	MEMBER AT LARGE	2.00	Director	$0	$0	$0
CHRISTY NASH	MEMBER AT LARGE	2.00	Director	$0	$0	$0
SCOTT KELLER	FEDERAL AFFAIRS CONSULTANT	2.00	Director	$0	$0	$0
BECKYSUE MERCER	PRESIDENT	4.00	Officer	$0	$0	$0
JULIO PONCE	SENIOR VICE PRESIDENT	4.00	Officer	$0	$0	$0
ROBBIN REDD	SECRETARY	4.00	Officer	$0	$0	$0
SUSAN CHRISTOPHEL	TREASURER	4.00	Officer	$0	$0	$0
SHANNON YOUNG	2ND IMMEDIATE PAST PRESIDENT	4.00	Officer	$0	$0	$0
SHELLI SCROGUM	EXECUTIVE DIRECTOR	10.00	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
2025	$433,315	$316,409	$212,360	$116,906
2024	$316,349	$307,363	$168,960	$8,986
2023	$341,193	$333,659	$112,787	$7,534
2022	$179,143	$189,964	$158,889	$-10,821
2021	$282,760	$342,400	$230,243	$-59,640
2020	$191,414	$198,432	$153,870	$-7,018
2019	$298,996	$367,712	$207,346	$-68,716
2018	$302,663	$338,503	$226,604	$-35,840

FLORIDA ASSOCIATION OF HOUSING & REDEVELOPMENT OFFICIALS