FLORIDA STATE MB FOUNDATION INC (EIN 237412947) - 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

1974

Legal Domicile

Principal Officer

KERRY BEATY

Phone

3523965523

Tax Period

2023-07-01 to 2024-06-30

FLORIDA STATE MB FOUNDATION INC, founded in 1974, is a small nonprofit in the Religion sector that reported $278K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $312K exceeded revenue, resulting in a 12% operating deficit.

Mission

RELIGOUS TRAINING FOR YOUTH

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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 $158,782

Program Service Revenue $119,460

Investment Income $95

Other Revenue $0

TOTAL REVENUE $278,337

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,046

Fundraising Expenses $0

Program Expenses $296,384

Other Expenses $228,683

TOTAL EXPENSES $311,729

Year-over-Year Comparison

	2023	2022	Change
Revenue	$278,337	$320,473	-0.1%
Expenses	$311,729	$286,072	+0.1%
Net Income	$-33,392	$34,401	-2.0%

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

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
N/A	DIRECTOR	002.00	Director	$0	$0	$0
N/A	DIRECTOR	002.00	Director	$0	$0	$0
N/A	DIRECTOR	002.00	Director	$0	$0	$0
N/A	DIRECTOR	002.00	Director	$0	$0	$0
N/A	DIRECTOR	002.00	Director	$0	$0	$0
N/A	TREASURER	002.00	Officer Director	$0	$0	$0
N/A	DIRECTOR	002.00	Officer Director	$0	$0	$0
N/A	CAMP MANAGER	040.00	Director Highest	$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	$278,337	$311,729	$759,300	$-33,392
2023	$320,473	$286,072	$793,175	$34,401
2022	$344,501	$307,700	$758,602	$36,801
2021	$225,992	$215,896	$722,879	$10,096
2020	$197,643	$236,511	$712,606	$-38,868
2019	$295,096	$273,752	$752,536	$21,344
2018	$284,301	$266,613	$742,087	$17,688

FLORIDA STATE MB FOUNDATION INC