SPECIAL OLYMPICS FLORIDA Inc (EIN 237181560) - 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

Sherry Wheelock

Phone

3522439536

Tax Period

2023-01-01 to 2023-12-31

SPECIAL OLYMPICS FLORIDA Inc, founded in 1972, is a mid-sized nonprofit in the Recreation & Sports sector that reported $16.3M in total revenue in fiscal year 2023. Expenses of $18.7M exceeded revenue, resulting in a 15% operating deficit.

Mission

To provide year round sports training and competition, critical health services, and leadership skills to children and adults with intellectual disabilities, at no cost to the athlete or their caregiver as a means to achieve physical fitness.

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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 $14,056,772

Program Service Revenue $0

Investment Income $360,966

Other Revenue $1,865,267

TOTAL REVENUE $16,283,005

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,153,921

Fundraising Expenses $2,009,737

Program Expenses $15,867,918

Other Expenses $10,563,763

TOTAL EXPENSES $18,717,684

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,283,005	$15,453,218	+0.1%
Expenses	$18,717,684	$15,650,518	+0.2%
Net Income	$-2,434,679	$-197,300	+11.3%

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

130

Volunteers

45225

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

$513,889

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sherry Wheelock	President/CEO	40.0	Officer	$261,819	$40,574	$302,393
BERIT AMLIE	Chief Administrative Officer	40.0	Officer	$185,853	$25,643	$211,496
LINSEY HARRIS-SMITH	Chief Development and Marketin	40.0	Highest	$147,070	$33,194	$180,264
MEGHAN LEA MCLEAN	Chief Operating Officer	40.0	Highest	$151,961	$21,810	$173,771
Alan Young	Sr. VP Controller	40.0	Highest	$136,377	$30,539	$166,916
DOLORES NEWCOMB	Sr. VP Corporate Partnerships	40.0	Highest	$123,277	$19,704	$142,981
Emery Gainey	Past Chair	3.0	Officer Director	$0	$0	$0
Brad Gilmour	Chair (From 11/23)	3.0	Officer Director	$0	$0	$0
Michael Nursey	Treasurer	3.0	Officer Director	$0	$0	$0
Jim Payne	Secretary (Thru 08/23)	2.0	Officer Director	$0	$0	$0
Brad Singh	Past Chair (Thru 11/23)	2.0	Officer Director	$0	$0	$0
Scott Stricklin	Director	2.0	Director	$0	$0	$0
Margeret Aune	Director	2.0	Director	$0	$0	$0
Yvonne Johnson	Director	2.0	Director	$0	$0	$0
Victor Shaffer	Director	2.0	Director	$0	$0	$0
Maryann Smith	Director	2.0	Director	$0	$0	$0
Michele Goodwin	Director	2.0	Director	$0	$0	$0
Ashley Moody	Director	2.0	Director	$0	$0	$0
Doug Pridgen	Director	2.0	Director	$0	$0	$0
David Cato	Director	2.0	Director	$0	$0	$0
Walter Knox	Director	2.0	Director	$0	$0	$0
Cary D'Ortona	Vice Chair (From 11/23)	3.0	Officer Director	$0	$0	$0
Marsha Singh	Secretary (From 11/23)	2.0	Officer Director	$0	$0	$0
Eric Hall	Director	2.0	Director	$0	$0	$0
Virginia Buchanan	Director	2.0	Director	$0	$0	$0
Meredith McDonough	Director	2.0	Director	$0	$0	$0
Glen Connally	Director	2.0	Director	$0	$0	$0
Gary Howze	Director	2.0	Director	$0	$0	$0
Tim Rabbu	Director	2.0	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
2024	No data	No data	No data	No data
2023	$16,283,005	$18,717,684	$11,116,122	$-2,434,679
2022	$15,453,218	$15,650,518	$12,512,811	$-197,300
2021	$13,309,920	$11,059,636	$12,817,394	$2,250,284
2020	$10,670,855	$9,912,519	$8,985,757	$758,336
2019	$14,699,553	$14,402,469	$8,243,459	$297,084
2018	$14,212,812	$14,282,703	$7,500,017	$-69,891

SPECIAL OLYMPICS FLORIDA Inc