BRADENTON AREA ECONOMIC DEVELOPMENT CORP (EIN 454006592) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Principal Officer

SHARON L HILLSTROM

Phone

9418039031

Tax Period

2024-01-01 to 2024-12-31

BRADENTON AREA ECONOMIC DEVELOPMENT CORP, founded in 2011, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $188K, a strong 15% operating margin.

Mission

TO ATTRACT & RETAIN HIGH-WAGE JOBS FOR RESIDENTS AND CONNECT ESTABLISHED BUSINESSES TO RESOURCES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $581,219

Program Service Revenue $523,737

Investment Income $84,072

Other Revenue $63,147

TOTAL REVENUE $1,252,175

Expense Breakdown

Grants Paid $0

Salaries & Benefits $704,407

Fundraising Expenses $0

Other Expenses $359,430

TOTAL EXPENSES $1,063,837

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,252,175	$989,048	+0.3%
Expenses	$1,063,837	$997,884	+0.1%
Net Income	$188,338	$-8,836	-22.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$258,437

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR KAREN HOLBROOK	CHAIR	5.00	Officer Director	$0	$0	$0
BEN HANAN	PAST CHAIR	5.00	Officer Director	$0	$0	$0
ANDY STULTZ	CHAIR-ELECT	5.00	Officer Director	$0	$0	$0
CHRIS CIANFAGLIONE	TREASURER	5.00	Officer Director	$0	$0	$0
PATRICK DEL MEDICO	TRUSTEE	5.00	Director	$0	$0	$0
ANDY GUZ	TRUSTEE	5.00	Director	$0	$0	$0
ANNE ROLLINGS	TRUSTEE	5.00	Director	$0	$0	$0
LAURA COLE	TRUSTEE	5.00	Director	$0	$0	$0
TOMMY GREGORY	TRUSTEE	5.00	Director	$0	$0	$0
DEVANEY IGLESIAS	TRUSTEE	5.00	Director	$0	$0	$0
CHRIS PENNEWILL	TRUSTEE	5.00	Director	$0	$0	$0
RICK PICCOLO	TRUSTEE	5.00	Director	$0	$0	$0
LESLEY BARRE	TRUSTEE	5.00	Director	$0	$0	$0
CHRIS CIACCIO	TRUSTEE	5.00	Director	$0	$0	$0
MELVIN PRICE	TRUSTEE	5.00	Director	$0	$0	$0
JACKI DEZELSKI	TRUSTEE	5.00	Director	$0	$0	$0
CARLO FASSI	TRUSTEE	5.00	Director	$0	$0	$0
LARRY FINEBERG	TRUSTEE	5.00	Director	$0	$0	$0
STEVE HERRIG	TRUSTEE	5.00	Director	$0	$0	$0
TODD WILKINS	TRUSTEE	5.00	Director	$0	$0	$0
AMY EDWARDS	TRUSTEE	5.00	Director	$0	$0	$0
PHIL MISIURA	TRUSTEE	5.00	Director	$0	$0	$0
MIKE MOSCHELLA	TRUSTEE	5.00	Director	$0	$0	$0
CHARLIE MURPHY	TRUSTEE	5.00	Director	$0	$0	$0
TIM NOVAK	TRUSTEE	5.00	Director	$0	$0	$0
VAL PEREZ	TRUSTEE	5.00	Director	$0	$0	$0
FRANK SANTORA	TRUSTEE	5.00	Director	$0	$0	$0
MICHAEL SAUNDERS	TRUSTEE	5.00	Director	$0	$0	$0
APRIL SMITH	TRUSTEE	5.00	Director	$0	$0	$0
DORAS DAVILA	TRUSTEE	5.00	Director	$0	$0	$0
KELLY CARLSTEIN	TRUSTEE	5.00	Director	$0	$0	$0
RYAN MCINTYRE	TRUSTEE	5.00	Director	$0	$0	$0
BILL POULTON	TRUSTEE	5.00	Director	$0	$0	$0
MARK VENGROFF	TRUSTEE	5.00	Director	$0	$0	$0
ALLISON IMRE	TRUSTEE	5.00	Director	$0	$0	$0
PAIGE LEMAY	TRUSTEE	5.00	Director	$0	$0	$0
STEVE YOUNG	TRUSTEE	5.00	Director	$0	$0	$0
CRAIG WARZECHA	TRUSTEE	5.00	Director	$0	$0	$0
TERRY KINDER	TRUSTEE	5.00	Director	$0	$0	$0
BRITTANY LAMONT	TRUSTEE	5.00	Director	$0	$0	$0
GENE BROWN	TRUSTEE	5.00	Director	$0	$0	$0
SHIRLEY GROOVER BRYANT	TRUSTEE	5.00	Director	$0	$0	$0
COURTNEY DEPOL	TRUSTEE	5.00	Director	$0	$0	$0
DAN FITZ-PATRICK	TRUSTEE	5.00	Director	$0	$0	$0
JOSH MATLOCK	TRUSTEE	5.00	Director	$0	$0	$0
MIKE RAHN	TRUSTEE	5.00	Director	$0	$0	$0
DOUG WAGNER	TRUSTEE	5.00	Director	$0	$0	$0
DEBRA WILLIAMS	TRUSTEE	5.00	Director	$0	$0	$0
DR JASON WYSONG	TRUSTEE	5.00	Director	$0	$0	$0
AMANDA PARRISH	TRUSTEE	5.00	Director	$0	$0	$0
RYNE JOHNSON	TRUSTEE	5.00	Director	$0	$0	$0
ROBBIE GRONBACH	TRUSTEE	5.00	Director	$0	$0	$0
JAG GREWAL	TRUSTEE	5.00	Director	$0	$0	$0
CHARLIE WALL	TRUSTEE	5.00	Director	$0	$0	$0
SHARON HILLSTROM	PRESIDENT & CEO	40.00	Officer	$251,576	$6,861	$258,437

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	$1,252,175	$1,063,837	$2,126,252	$188,338
2023	$989,048	$997,884	$1,884,122	$-8,836
2022	$1,123,700	$966,805	$1,802,772	$156,895
2022	$292,436	$296,653	$2,183,708	$-4,217
2021	$1,198,910	$1,052,476	$1,972,799	$146,434
2020	$1,107,186	$1,036,983	$1,632,241	$70,203
2019	$1,097,031	$1,062,146	$1,565,833	$34,885
2018	$1,137,865	$1,035,354	$1,543,319	$102,511

BRADENTON AREA ECONOMIC DEVELOPMENT CORP