FLORIDA ADULT & TECHNICAL DISTANCE… - 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

2010

Legal Domicile

Principal Officer

JULIE ROBERTS

Phone

8502222233

Tax Period

2020-01-01 to 2020-12-31

FLORIDA ADULT & TECHNICAL DISTANCE EDUCATION CONSORTIUM INC, founded in 2010, is a small nonprofit in the Human Services sector that reported $131K in total revenue in fiscal year 2020. Revenue decreased 15% compared to the prior year. Expenses of $167K exceeded revenue, resulting in a 28% operating deficit.

Mission

TO PLACE ADULT AND TECHNICAL EDUCATION COURSES IN AN ONLINE ENVIROMENT IN ORDER TO PROVIDE AN ALTERNATIVE INSTRUCTIONAL DELIVERY MODEL FOR ADULT STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $157,715

COLLABORATIVE AGREEMENT WITH PUBLIC SCHOOLS, SCHOOL DISTRICTS AND COMMUNITY COLLEGES TO PROMOTE COURSE DESIGN, CREATE POLICIES AND PROCEDURES, DEVELOP FACULTY FOR ONLINE INSTRUCTION AND DISTANCE...

COLLABORATIVE AGREEMENT WITH PUBLIC SCHOOLS, SCHOOL DISTRICTS AND COMMUNITY COLLEGES TO PROMOTE COURSE DESIGN, CREATE POLICIES AND PROCEDURES, DEVELOP FACULTY FOR ONLINE INSTRUCTION AND DISTANCE EDUCATION SYSTEMS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $130,697

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $130,697

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $157,715

Other Expenses $167,450

TOTAL EXPENSES $167,450

Year-over-Year Comparison

	2020	2019	Change
Revenue	$130,697	$153,500	-0.1%
Expenses	$167,450	$187,645	-0.1%
Net Income	$-36,753	$-34,145	+0.1%

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
PATRICK FLAHIVE	PRESIDENT	2.00	Director	$0	$0	$0
ANGEL COLE	SECRETARY	2.00	Director	$0	$0	$0
JAMIE ROBITAILLE	TREASURER	2.00	Director	$0	$0	$0
JEFF ARNOTT	PAST PRESIDENT	2.00	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
2020	$130,697	$167,450	$52,611	$-36,753
2019	$153,500	$187,645	$89,364	$-34,145
2018	$239,050	$255,100	$123,509	$-16,050

FLORIDA ADULT & TECHNICAL DISTANCE EDUCATION CONSORTIUM INC