FLORIDA INDEPENDENCE TRAINING & EDUCATION CENTER INC (EIN 264155794) - 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

2009

Legal Domicile

Principal Officer

WANDA PEREZ

Phone

9545304686

Tax Period

2024-01-01 to 2024-12-31

FLORIDA INDEPENDENCE TRAINING & EDUCATION CENTER INC, founded in 2009, is a community nonprofit in the Human Services sector that reported $7.2M in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum.

Mission

THE MISSION IS TO BE A CENTRAL RESOURCE THAT PREPARES YOUTH TO LEAD SUCCESSFUL LIVES AFTER AGING OUT OF FOSTER CARE.

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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 $7,281,910

Program Service Revenue $0

Investment Income $30,159

Other Revenue $-66,738

TOTAL REVENUE $7,245,331

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,337,534

Fundraising Expenses $205,057

Program Expenses $6,933,159

Other Expenses $2,991,996

TOTAL EXPENSES $7,329,530

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,245,331	$4,996,946	+0.4%
Expenses	$7,329,530	$5,172,249	+0.4%
Net Income	$-84,199	$-175,303	-0.5%

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

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

$555,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WANDA PEREZ	CHAIR	2.00	Officer Director	$0	$0	$0
JEFFREY GORDON	VICE CHAIR	2.00	Officer Director	$0	$0	$0
DR HEIDI SHAEFFER	SECRETARY	2.00	Officer Director	$0	$0	$0
JENNIFER WHITTINGTON	TREASURER	2.00	Officer Director	$0	$0	$0
MAX RUDOLF	IMMEDIATE PAST CHAIR	2.00	Director	$0	$0	$0
TOM LOFFREDO	GENERAL COUNSEL	2.00	Director	$0	$0	$0
KERA BUTLER	DIRECTOR	2.00	Director	$0	$0	$0
MARILYN CAMEROTA	DIRECTOR	2.00	Director	$0	$0	$0
TANYA CUNNINGHAM	DIRECTOR	2.00	Director	$0	$0	$0
JEFFREY GINOCCHI	DIRECTOR	2.00	Director	$0	$0	$0
CRAIG GOLDENFARB	DIRECTOR	2.00	Director	$0	$0	$0
SANDY HARRIS	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD HOPPER	DIRECTOR	2.00	Director	$0	$0	$0
JEFFREY KNIGHT	DIRECTOR	2.00	Director	$0	$0	$0
KANDACE LESHER	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH PEDERSON	DIRECTOR	2.00	Director	$0	$0	$0
JEANNE POTTHOFF	DIRECTOR	2.00	Director	$0	$0	$0
BILL REICHERTER	DIRECTOR	2.00	Director	$0	$0	$0
JESSICA MARIE RIZZI	DIRECTOR	2.00	Director	$0	$0	$0
LYNZI RUSSELL	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINE FREDERICK	CEO/EXECUTIVE DIRECTOR	40.00	Officer	$155,000	$0	$155,000
CARA MALAVE	CPO/CHIEF PROGRAM OFFICER	40.00	Officer	$110,000	$0	$110,000
MARISA GLOVER	DIRECTOR OF FINANCE	40.00	Officer	$100,000	$0	$100,000
KRISTINA DASILVA	COO	40.00	Officer	$90,000	$0	$90,000
DEANN HAZEY	CDO/CHIEF DEVELOPMENT OFFICER	40.00	Officer	$100,000	$0	$100,000
BICH-LY LUDWIG	VICE PRESIDENT OF DEVELOPMENT	40.00	Highest	$125,000	$0	$125,000

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	$7,245,331	$7,329,530	$4,150,815	$-84,199
2023	$4,996,946	$5,172,249	$1,917,654	$-175,303
2022	$4,314,183	$3,974,615	$1,853,358	$339,568
2021	$2,790,852	$2,668,651	$895,332	$122,201
2020	$2,256,842	$2,287,359	$930,384	$-30,517
2019	$1,666,171	$1,811,276	$777,420	$-145,105

FLORIDA INDEPENDENCE TRAINING & EDUCATION CENTER INC