SMH PROPERTIES OF SOUTHWEST FLORIDA INC (EIN 453756563) - 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

STEVE BROODER

Phone

2397740500

Tax Period

2023-07-01 to 2024-06-30

SMH PROPERTIES OF SOUTHWEST FLORIDA INC, founded in 2011, is a micro nonprofit in the Housing & Shelter sector that reported $379K in total revenue in fiscal year 2023. Revenue fell 883% from the prior year — a significant decline worth monitoring.

Mission

TO CHANGE LIVES IN A SPIRITUAL ENVIRONMENT THAT IS BOTH COMPASSIONATE AND DISCIPLINED AS WE PROVIDE HOUSING FOR THOSE EXPERIENCING HOMELESSNESS, FOOD FOR THOSE EXPERIENCING HUNGER, AND COMFORT FOR THOSE EXPERIENCING ADDICTION AND SUFFERING.

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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 $-432,993

Other Revenue $54,216

TOTAL REVENUE $-378,777

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $166,456

Other Expenses $166,456

TOTAL EXPENSES $166,456

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-378,777	$48,350	-8.8%
Expenses	$166,456	$63,731	+1.6%
Net Income	$-545,233	$-15,381	+34.4%

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

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

$510,510

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK FUMO	CHAIRMAN	2.00	Officer Director	$0	$0	$0
MICHAEL DUKE	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
MIMI SCOFIELD	SECRETARY	2.00	Officer Director	$0	$0	$0
RICH GROWS	TREASURER	2.00	Officer Director	$0	$0	$0
STEVE BROODER	CEO	2.00	Officer	$0	$13,035	$346,907
DEBBIE SIMMONS	VP OF FINANCE	2.00	Officer	$0	$10,166	$163,603

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	$-378,777	$166,456	$7,922,739	$-545,233
2023	$48,350	$63,731	$8,474,510	$-15,381
2022	$112,400	$194,839	$8,509,109	$-82,439
2021	$581,972	$294,357	$8,432,221	$287,615
2020	$173,210	$118,397	$7,320,098	$54,813
2019	$214,400	$270,372	$6,939,591	$-55,972
2018	$214,400	$114,554	$3,320,580	$99,846

SMH PROPERTIES OF SOUTHWEST FLORIDA INC