FLORIDA OPPORTUNITY FUND INC

EIN: 412262408 501(c)(3) Community Improvement

ORLANDO, FL

Total Revenue
$1,692,296
Total Expenses
$3,096,158
Total Assets
$132,707,426
Net Assets
$132,039,120
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
FL
Principal Officer
ROBERT HARVEY
Phone
4079565600
Tax Period
2023-07-01 to 2024-06-30

FLORIDA OPPORTUNITY FUND INC, founded in 2007, is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2023. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $3.1M exceeded revenue, resulting in a 83% operating deficit.

Mission

THE FUND WAS CREATED BECAUSE THE FLORIDA LEGISLATURE FOUND THERE WAS A NEED TO INCREASE THE AVAILABILITY OF SEED CAPITAL AND EARLY STAGE VENTURE EQUITY CAPITAL FOR EMERGING COMPANIES IN THE STATE, INCLUDING, WITHOUT LIMITATION, ENTERPRISES IN LIFE SCIENCES, INFORMATION TECHNOLOGY, ADVANCED MANUFACTURING PROCESSES, AVIATION AND AEROSPACE, AND HOMELAND SECURITY AND DEFENSE, AS WELL AS OTHER STRATEGIC TECHNOLOGIES.

Program Service Accomplishments

Program 1
Expenses: $3,037,359 Revenue: $1,434,239

THE FUND INCREASES THE AVAILABILITY OF SEED CAPITAL AND EARLY STAGE VENTURE EQUITY CAPITAL FOR EMERGING COMPANIES IN THE STATE, INCLUDING, WITHOUT LIMITATION, ENTERPRISES IN LIFE SCIENCES...

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THE FUND INCREASES THE AVAILABILITY OF SEED CAPITAL AND EARLY STAGE VENTURE EQUITY CAPITAL FOR EMERGING COMPANIES IN THE STATE, INCLUDING, WITHOUT LIMITATION, ENTERPRISES IN LIFE SCIENCES, INFORMATION TECHNOLOGY, ADVANCED MANUFACTURING PROCESSES, AVIATION AND AEROSPACE, HOMELAND SECURITY AND DEFENSE, AND ENERGY EFFICIENT OR RENEWABLE ENERGY PRODUCTS AND TECHNOLOGIES, AS WELL AS OTHER STRATEGIC TECHNOLOGIES.

Program 2
Revenue: $605,736

THE ECP PROGRAM IS DESIGNED TO CREATE NEW BUSINESSES AND JOBS IN FLORIDA AND FURTHER DIVERSIFY THE ECONOMY OF THE STATE OF FLORIDA BY MAKING DIRECT EQUITY OR CONVERTIBLE DEBT INVESTMENTS IN FLORIDA...

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THE ECP PROGRAM IS DESIGNED TO CREATE NEW BUSINESSES AND JOBS IN FLORIDA AND FURTHER DIVERSIFY THE ECONOMY OF THE STATE OF FLORIDA BY MAKING DIRECT EQUITY OR CONVERTIBLE DEBT INVESTMENTS IN FLORIDA BUSINESSES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,039,975
Investment Income $-347,679
Other Revenue $0
TOTAL REVENUE $1,692,296

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,037,359
Other Expenses $3,096,158
TOTAL EXPENSES $3,096,158

Year-over-Year Comparison

2023 2022 Change
Revenue $1,692,296 $33,349,392 -0.9%
Expenses $3,096,158 $2,869,332 +0.1%
Net Income $-1,403,862 $30,480,060 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
3
$223,017
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AJ RIPIN CHAIRMAN 1.00
Officer Director
$0 $0 $0
SUSAN AMAT DIRECTOR 1.00
Director
$0 $0 $0
TOMI LAROSSI DIRECTOR 1.00
Director
$0 $0 $0
GARRETT JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
ROBERT HARVEY PRESIDENT 5.00
Officer
$0 $9,995 $172,097
LORNA DUSTI SECRETARY 5.00
Officer
$0 $671 $50,920
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
2025 No data No data No data No data
2024 $1,692,296 $3,096,158 $132,707,426 $-1,403,862
2023 $33,349,392 $2,869,332 $129,288,350 $30,480,060
2022 $3,329,239 $723,070 $103,018,563 $2,606,169
2021 $8,334,220 $8,942,161 $119,810,322 $-607,941
2020 $4,500,855 $3,477,501 $116,067,669 $1,023,354
2019 $7,257,843 $4,416,766 $118,559,042 $2,841,077
2018 $8,316,198 $3,515,782 $119,281,374 $4,800,416
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