ROTARY CLUB OF SEMINOLE COUNTY SOU… - Form 990 Financial Data

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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

1971

Legal Domicile

Principal Officer

MICHAEL MERRILL

Phone

4074616862

Tax Period

2023-07-01 to 2024-06-30

ROTARY CLUB OF SEMINOLE COUNTY SOUTH, founded in 1971, is a small nonprofit that reported $105K in total revenue in fiscal year 2023. Expenses of $268K exceeded revenue, resulting in a 157% operating deficit.

Mission

TO RAISE REVENUE TO DONATE TO LOCAL CHARITIES AND PROVIDE SCHOLARSHIPS TO HIGH SCHOOL SENIORS. SEE ATTACHMENT A

Program Service Accomplishments

Program 1

Expenses: $113,224

AWARDS AND SCHOLARSHIPS TO GRADUATING SENIORS OF SEMINOLE COUNTY PUBLIC SCHOOLS.

Program 2

Expenses: $104,000

PROVIDE FOOD TO COALITION FOR THE HOMELESS QUARTERLY AND DONATE TO LOCAL CHARITIES.

Program 3

Expenses: $1,200

ROTARY YOUTH LEADERSHIP PROGRAM SERVICE. TAKE LOCAL HIGH SCHOOL STUDENTS ON A WEEKEND RETREAT FOR LEADERSHIP BUILDING ACTIVITIES AND SPEAKERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $47,055

Program Service Revenue $33,070

Investment Income $0

Other Revenue $24,396

TOTAL REVENUE $104,521

Expense Breakdown

Grants Paid $142,050

Salaries & Benefits $0

Fundraising Expenses $17,845

Program Expenses $218,424

Other Expenses $126,373

TOTAL EXPENSES $268,423

Year-over-Year Comparison

	2023	2022	Change
Revenue	$104,521	N/A	N/A
Expenses	$268,423	N/A	N/A
Net Income	$-163,902	N/A	N/A

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
JIM LEAHY	VP/SECRETARY	N/A	Officer	$0	$0	$0
BOB LEVY	TREASURER	N/A	Officer	$0	$0	$0
MICHAEL MERRILL	PRESIDENT	N/A	Officer	$0	$0	$0
AVRON SATILL	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
2024	$104,521	$268,423	No data	$-163,902
2023	$154,771	$141,597	$192,538	$13,174
2022	$126,735	$115,794	$199,164	$10,941
2021	$54,780	$66,577	$177,937	$-11,797
2020	$102,939	$96,745	$173,851	$6,194
2018	$111,926	$105,380	$196,214	$6,546

ROTARY CLUB OF SEMINOLE COUNTY SOUTH