WINTER HAVEN ECONOMIC DEVELOPMENT (EIN 453154152) - 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

2011

Legal Domicile

Principal Officer

BRUCE LYON

Phone

8638375280

Tax Period

2024-10-01 to 2025-09-30

WINTER HAVEN ECONOMIC DEVELOPMENT, founded in 2011, is a small nonprofit in the Community Improvement sector that reported $589K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $511K left a modest 13% surplus.

Mission

OUR MISSION IS TO ASSIST THE PUBLIC AND PRIVATE SECTOR TO GROW A RESILIENT, INCLUSIVE, AND EQUITABLE ECONOMY IN WINTER HAVEN. THE WHEDC OCCUPIES A UNIQUE POSITION IN WINTER HAVEN, WORKING FOR THE BENEFIT OF COMMUNITY AND ECONOMIC GROWTH. THE WHEDC STAFF AND INVESTORS USE OUR VISION AND TECHNICAL EXPERTISE TO ASSIST THE COMMUNITY AND WHEDC STAKEHOLDERS WITH GROWTH, ENGAGEMENT, COLLABORATION, GUIDANCE, AND VISION.

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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 $198,962

Program Service Revenue $372,922

Investment Income $17,174

Other Revenue $0

TOTAL REVENUE $589,058

Expense Breakdown

Grants Paid $0

Salaries & Benefits $388,484

Fundraising Expenses $0

Other Expenses $122,254

TOTAL EXPENSES $510,738

Year-over-Year Comparison

	2024	2023	Change
Revenue	$589,058	$541,581	+0.1%
Expenses	$510,738	$478,083	+0.1%
Net Income	$78,320	$63,498	+0.2%

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

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

$198,913

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN ELIAS	VICE CHAIR	1	Officer Director	$0	$0	$0
NICOLE IRBY	IMMEDIATE PAST CHAIR	1	Director	$0	$0	$0
PANAGIOTIS IAKOVIDIS	DIRECTOR	1	Director	$0	$0	$0
BRYAN KARSKY	DIRECTOR	1	Director	$0	$0	$0
GREG LITTLETON	DIRECTOR	1	Director	$0	$0	$0
CARL JBUDSTRANG	DIRECTOR	1	Director	$0	$0	$0
MARK TURNER	DIRECTOR	1	Director	$0	$0	$0
RYAN WHITEHEAD	DIRECTOR	1	Director	$0	$0	$0
BRUCE LYON	PRESIDENT/CEO	40	Key Emp Highest	$198,913	$0	$198,913
ALEX NIKDEL	TREASURER	1	Officer Director	$0	$0	$0
BARRET TUCKER	DIRECTOR	1	Director	$0	$0	$0
ZAC KLUYTENAAR	DIRECTOR	1	Director	$0	$0	$0
MARTHA SANTIAGO	DIRECTOR	1	Director	$0	$0	$0
ANGELA GARCIA FALCONETTI	CHAIR	1	Officer Director	$0	$0	$0
ALEX JORDAN	DIRECTOR	1	Director	$0	$0	$0
ERIN KILLEBREW	DIRECTOR	1	Director	$0	$0	$0
KEVIN ASHLEY	DIRECTOR	1	Director	$0	$0	$0
NAT BIRDSONG	DIRECTOR	1	Director	$0	$0	$0
BRAD LUNZ	DIRECTOR	1	Director	$0	$0	$0
MAGGIE MARIUCCI	DIRECTOR	1	Director	$0	$0	$0
RICK RICHMOND	DIRECTOR	1	Director	$0	$0	$0
ANN BARNHART	DIRECTOR	1	Director	$0	$0	$0
JAMES FORD	DIRECTOR	1	Director	$0	$0	$0
TOM M GARTHWAITE	DIRECTOR	1	Director	$0	$0	$0
ERIC LABBE	SECRETARY	1	Officer Director	$0	$0	$0
BLAKE SWAFFORD	DIRECTOR	1	Director	$0	$0	$0
ANDREW FOREMAN	DIRECTOR	1	Director	$0	$0	$0
BRAYGON RICHTER	DIRECTOR	1	Director	$0	$0	$0
TROY HEIDEL	DIRECTOR	1	Director	$0	$0	$0
JASON LEWIS	DIRECTOR	1	Director	$0	$0	$0
PEVEETA SAMUEL	DIRECTOR	1	Director	$0	$0	$0
JAMES SLATON	DIRECTOR	1	Director	$0	$0	$0
JACK WOOD	DIRECTOR	1	Director	$0	$0	$0
TIMOTHY CAMPBELL	DIRECTOR	1	Director	$0	$0	$0
JENNIFER KINCART JONSSON	DIRECTOR	1	Director	$0	$0	$0
WADE HUGHES	DIRECTOR	1	Director	$0	$0	$0
KEVIN CARR	DIRECTOR	1	Director	$0	$0	$0
KEVIN KIEFT	DIRECTOR	1	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
2025	$589,058	$510,738	$610,841	$78,320
2024	$541,581	$478,083	$519,560	$63,498
2023	$471,163	$406,084	$440,480	$65,079
2022	$384,171	$362,652	$363,508	$21,519
2021	$303,850	$256,353	$342,345	$47,497
2020	$295,313	$302,754	$297,674	$-7,441

WINTER HAVEN ECONOMIC DEVELOPMENT