KEYSTONE-FLORIDA PROPERTY HOLDING CORP (EIN 363922504) - 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

1993

Legal Domicile

Principal Officer

OJAS DESAI

Phone

6102656400

Tax Period

2024-01-01 to 2024-12-31

KEYSTONE-FLORIDA PROPERTY HOLDING CORP, founded in 1993, is a mid-sized nonprofit that reported $16.7M in total revenue in fiscal year 2024. Expenses of $15.1M left a modest 10% surplus.

Mission

ACQUIRE REAL PROPERTY AND REMIT NET INCOME TO TAX-EXEMPT SHAREHOLDER OF THIS ORGANIZATION.

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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 $0

Program Service Revenue $14,096,944

Investment Income $167,962

Other Revenue $2,477,401

TOTAL REVENUE $16,742,307

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,805,515

Other Expenses $15,139,036

TOTAL EXPENSES $15,139,036

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,742,307	$15,706,512	+0.1%
Expenses	$15,139,036	$15,001,011	+0.0%
Net Income	$1,603,271	$705,501	+1.3%

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

N/A

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

$1,159,515

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENJAMIN L COTTON	DIRECTOR	1.00	Director	$0	$0	$488,483
THOMAS A BAUER	DIRECTOR	1.00	Director	$0	$0	$422,304
MELISSA A QUACKENBUSH	DIRECTOR	1.00	Director	$0	$0	$248,728
WILLIAM Q O'CONNOR	PRESIDENT	0.20	Officer	$0	$0	$0
JOEL L BAYER	VICE PRESIDENT	4.00	Officer	$0	$0	$0
OJAS DESAI	SECRETARY & TREASURER	4.00	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	$16,742,307	$15,139,036	$128,898,050	$1,603,271
2023	$15,706,512	$15,001,011	$127,872,415	$705,501
2022	$15,946,796	$14,451,959	$123,794,516	$1,494,837
2021	$17,315,641	$13,573,032	$157,175,881	$3,742,609
2020	$12,758,341	$15,091,346	$160,951,786	$-2,333,005
2019	$20,498,975	$17,306,725	$277,286,380	$3,192,250
2018	$21,845,241	$16,115,431	$313,907,117	$5,729,810

KEYSTONE-FLORIDA PROPERTY HOLDING CORP