THE FLORIDA ECONOMIC DEVELOPMENT COUNCIL INC (EIN 237035680) - 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

1964

Legal Domicile

Principal Officer

CASEY BARNES

Phone

8502121056

Tax Period

2024-07-01 to 2025-06-30

THE FLORIDA ECONOMIC DEVELOPMENT COUNCIL INC, founded in 1964, is a small nonprofit that reported $223K in total revenue in fiscal year 2024. Expenses of $259K exceeded revenue, resulting in a 16% operating deficit.

Mission

MISSION STATEMENT OUR MISSION IS TO SERVE AS THE FLORIDA ECONOMIC DEVELOPMENT COMMUNITY'S PRIMARY RESOURCE FOR PEER CONNECTIONS, PROFESSIONAL DEVELPMENT AND ADVOCACY. VISION STATEMENT FEDC IS FLORIDA'S LEADING ORGANIZATION FOR ADVANCING STATEWIDE PROSPERITY BY PROFESSIONALIZING OUR FIELD, STRENGTHENING OUR COMPETITIVENESS, AND SERVING AS THE NUMBER ONE SOURCE OF ECONOMIC DEVELOPMENT EXPERTISE IN FLORIDA. EDUCATE EDUCATE OUR MEMBERS TO ENHANCE THEIR PROFESSIONAL EXPERTISE AND INFORM OUR BUSINESS AND GOVERNMENT LEADERS ABOUT THE IMPORTANCE OF ECONOMIC, WORKFORCE, AND COMMUNITY DEVELOPMENT FOR GREATER STATEWIDE PROSPERITY. ADVOCATE PROVIDE LEADERSHIP AND ADVOCACY FOR POLICIES, INITIATIVES, AND PROGRAMS THAT PROMOTE WORKFORCE DEVELOPMENT, JOB CREATION, INVESTMENT, AND GREATER COMPETITIVENESS THROUGHOUT FLORIDA. CONNECT STRENGTHEN RELATIONSHIPS BETWEEN FEDC MEMBERS AND ECONOMIC DEVELOPMENT STAKEHOLDERS THROUGH PEER NETWORKING, MENTORING, REGIONAL COLLABORATION, RESOURCE SHARING AND TIMELY C

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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 $199,290

Program Service Revenue $11,936

Investment Income $3,474

Other Revenue $8,125

TOTAL REVENUE $222,825

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $98,142

Other Expenses $259,003

TOTAL EXPENSES $259,003

Year-over-Year Comparison

	2024	2023	Change
Revenue	$222,825	$217,974	+0.0%
Expenses	$259,003	$217,356	+0.2%
Net Income	$-36,178	$618	-59.5%

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

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
SHERRY AMBROSE	CO-VICE CHR	1.00	Officer Director	$0	$0	$0
CASEY BARNES	CURRENT BOAR	1.00	Officer Director	$0	$0	$0
MICHELLE BAUER	FORMER CHAIR	1.00	Officer Director	$0	$0	$0
JAMES KOHNSTAMM CECD	SOUTHEAST RE	0.50	Director	$0	$0	$0
DAVID CODDINGTON	VICE CHAIR F	1.00	Officer Director	$0	$0	$0
TIM DOUGHER	CHAIR APPOIN	0.50	Director	$0	$0	$0
DENISE GRIMSLEY	S CENTRAL RE	0.50	Director	$0	$0	$0
JEFF HENDRY	VICE CHAIR A	1.00	Officer Director	$0	$0	$0
HEIDI JAMESON	CHAIR APPOIN	0.50	Director	$0	$0	$0
ANTONIO JEFFERSON	CHAIR APPOIN	0.50	Director	$0	$0	$0
MELANIE SCHMEES MBA	SOUTHWEST RE	0.50	Director	$0	$0	$0
SCARLETT PHANEUF CECD MEDP	VICE CHAIR-M	1.00	Officer Director	$0	$0	$0
KEITH NORDEN	E CENTRAL RE	0.50	Director	$0	$0	$0
JIMMY NORRIS	N CENTRAL RE	0.50	Director	$0	$0	$0
LAURA PAVIUS	NORTHEAST RE	0.50	Director	$0	$0	$0
LUCIENNE PEARS	PAST BOARD C	1.00	Director	$0	$0	$0
RICK RICHMOND	CHAIR APPOIN	0.50	Director	$0	$0	$0
DEREK SHAVOR	TAMPA BAY RE	0.50	Director	$0	$0	$0
HEATHER SHUBIRG	CO-VICE CHR	1.00	Officer Director	$0	$0	$0
NATHAN SPARKS	NORTHWEST RE	0.50	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
2025	$222,825	$259,003	$155,678	$-36,178
2024	$217,974	$217,356	$191,856	$618
2023	$205,617	$182,678	$191,238	$22,939
2022	$462,492	$495,151	$168,299	$-32,659
2021	$248,045	$194,203	$200,958	$53,842
2020	$342,161	$230,338	$147,116	$111,823
2019	$357,983	$355,766	$35,293	$2,217

THE FLORIDA ECONOMIC DEVELOPMENT COUNCIL INC