MISS FLORIDA SCHOLARSHIP PROGRAM I… - 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

2002

Legal Domicile

Principal Officer

KEITH WILLIAMS

Phone

3525161593

Tax Period

2024-01-01 to 2024-12-31

MISS FLORIDA SCHOLARSHIP PROGRAM INC, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $383K in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $336K left a modest 12% surplus.

Mission

PROVIDE EDUCATIONAL SCHOLARSHIP ASSISTANCE

Program Service Accomplishments

Program 1

Expenses: $288,570 Revenue: $295,223

HOLD ANNUAL PROGRAMS FOR YOUNG WOMEN TO COMPETE FOR SCHOLARSHIPS. SCHOLARSHIPS WERE AWARDED TO WINNERS OF VARIOUS CATEGORIES OF THE COMPETITIONS. CONTESTANTS COMPETED FOR THE TITLE OF MISS FLORIDA...

HOLD ANNUAL PROGRAMS FOR YOUNG WOMEN TO COMPETE FOR SCHOLARSHIPS. SCHOLARSHIPS WERE AWARDED TO WINNERS OF VARIOUS CATEGORIES OF THE COMPETITIONS. CONTESTANTS COMPETED FOR THE TITLE OF MISS FLORIDA, AND ASSISTED IN FUNDRAISING FOR THE CHILDRENS MIRACLE NETWORK HOSPITALS.

Program 2

Expenses: $32,717 Revenue: $19,455

PROVIDE SCHOLARSHIPS TO YOUNG WOMEN TO FURTHER THEIR EDUCATION.

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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 $314,678

Investment Income $0

Other Revenue $68,499

TOTAL REVENUE $383,177

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $321,287

Other Expenses $335,513

TOTAL EXPENSES $335,513

Year-over-Year Comparison

	2024	2023	Change
Revenue	$383,177	$272,819	+0.4%
Expenses	$335,513	$278,997	+0.2%
Net Income	$47,664	$-6,178	-8.7%

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

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
KEITH WILLIAMS	EXECUTIVE DIRECTOR	10.00	Officer Director	$0	$0	$0
NORMA STORMS	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE TOPPING	DIRECTOR	1.00	Director	$0	$0	$0
KRIS KEPRIOS	DIRECTOR	1.00	Director	$0	$0	$0
JANICE STERN	DIRECTOR	1.00	Director	$0	$0	$0
ADELL ROSCOE	DIRECTOR	1.00	Director	$0	$0	$0
NONGONGOMA MAJOVA-SEANE	DIRECTOR	1.00	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
2024	$383,177	$335,513	$59,795	$47,664
2023	$272,819	$278,997	$12,131	$-6,178
2022	$208,549	$259,957	$18,309	$-51,408
2021	$220,093	$159,130	$69,718	$60,963
2020	$78,221	$71,888	$8,755	$6,333
2019	$174,364	$172,998	$2,422	$1,366
2018	$207,985	$210,447	$1,056	$-2,462

MISS FLORIDA SCHOLARSHIP PROGRAM INC