SPECIAL OLYMPICS FLORIDA FOUNDATIO… - 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

2011

Legal Domicile

Principal Officer

Sherry Wheelock

Phone

3522439536

Tax Period

2023-01-01 to 2023-12-31

SPECIAL OLYMPICS FLORIDA FOUNDATION INC, founded in 2011, is a small nonprofit in the Recreation & Sports sector that reported $250K in total revenue in fiscal year 2023. Expenses of $437K exceeded revenue, resulting in a 75% operating deficit.

Mission

Supporting organization to Special Olympics Florida, Inc. To receive, hold, manage and invest funds to benefit Special Olympics Florida, Inc.

Program Service Accomplishments

Program 1

Expenses: $350,000 Revenue: $0

To receive, hold, manage, invest and distribute funds to benefit Special Olympics Florida, Inc.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $249,798

Other Revenue $0

TOTAL REVENUE $249,798

Expense Breakdown

Grants Paid $350,000

Salaries & Benefits $0

Fundraising Expenses $87,190

Program Expenses $350,000

Other Expenses $87,190

TOTAL EXPENSES $437,190

Year-over-Year Comparison

	2023	2022	Change
Revenue	$249,798	$-554,275	-1.5%
Expenses	$437,190	$389,460	+0.1%
Net Income	$-187,392	$-943,735	-0.8%

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

$513,889

Total Directors

$302,393

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sherry Wheelock	President	2.0	Officer Director	$0	$40,574	$302,393
BERIT AMLIE	CHIEF ADMINISTRATIVE OFFICER	2.0	Officer	$0	$25,643	$211,496
Emery Gainey	BOARD CHAIR (FROM 12/2023)	1.0	Director	$0	$0	$0
BRAD SINGH	DIRECTOR (FROM 12/2023)	1.0	Director	$0	$0	$0
YVONNE JOHNSON	DIRECTOR (FROM 12/2023)	1.0	Director	$0	$0	$0
DAVID CATO	DIRECTOR (FROM 12/2023)	1.0	Director	$0	$0	$0
GARY HOWZE	DIRECTOR (FROM 12/2023)	1.0	Director	$0	$0	$0
CHRISTOPHER KING	PAST BOARD CHAIR(THRU 12/2023)	2.0	Officer Director	$0	$0	$0
DAWN GIEBLER MILNER	PAST DIRECTOR (Thru 12/2023)	1.0	Director	$0	$0	$0
JIM PAYNE	PAST DIRECTOR (Thru 12/2023)	1.0	Director	$0	$0	$0
RON FULOP	PAST DIRECTOR (Thru 12/2023)	1.0	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	No data	No data	No data	No data
2023	$249,798	$437,190	$8,383,738	$-187,392
2022	$-554,275	$389,460	$8,004,162	$-943,735
2021	$223,527	$840,276	$9,976,679	$-616,749
2020	$161,967	$464,256	$9,128,278	$-302,289
2019	$242,864	$750,144	$8,882,196	$-507,280
2018	$231,794	$346,150	$8,398,721	$-114,356

SPECIAL OLYMPICS FLORIDA FOUNDATION INC