COMMUNITY SOLUTIONS OF THE EMERALD… - 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

2012

Legal Domicile

Principal Officer

JAMES WRIGHT

Phone

8502448191

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY SOLUTIONS OF THE EMERALD COAST INC, founded in 2012, is a small nonprofit in the Community Improvement sector that reported $204K in total revenue in fiscal year 2023. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $404K exceeded revenue, resulting in a 98% operating deficit.

Mission

BREAKING THE CYCLE OF POVERTY AND HOMELESSNESS BY PROVIDING A HOUSING FIRST BASED SHELTER PROGRAM.

Program Service Accomplishments

Program 1

Expenses: $167,179

EXPANDING BED CAPACITY IN THE SHELTER.

Program 2

Expenses: $1,103

IMPROVING THE GRADUATION RATE FROM THE PROGRAM.

Program 3

Expenses: $224,833

GROWING COMMUNITY INVOLVEMENT THROUGH OUTREACH AND VOLUNTEER OPPORTUNITIES.

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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 $212,266

Program Service Revenue $0

Investment Income $9,509

Other Revenue $-17,981

TOTAL REVENUE $203,794

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $185,734

Fundraising Expenses $0

Program Expenses $393,115

Other Expenses $217,123

TOTAL EXPENSES $403,857

Year-over-Year Comparison

	2023	2022	Change
Revenue	$203,794	$566,830	-0.6%
Expenses	$403,857	$416,276	0.0%
Net Income	$-200,063	$150,554	-2.3%

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

$56,529

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TED CORCORAN	PRESIDENT	5.00	Officer Director	$0	$0	$0
ANTHONY SAWYER	DIRECTOR	1.00	Director	$0	$0	$0
BILL ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
JAMES WRIGHT	TREASURER	5.00	Officer Director	$0	$0	$0
ROBIN DONLON	DIRECTOR	1.00	Director	$0	$0	$0
JAMI SEARLE	TREASURER	5.00	Officer Director	$0	$0	$0
HOLLY KARR	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
ASHLEY FLOWERS	SECRETARY	5.00	Officer Director	$0	$0	$0
DOUG STAUFFER	DIRECTOR	1.00	Director	$0	$0	$0
DONNA MORGAN	EXECUTIVE DIRECTOR	40.00	Officer	$52,242	$4,287	$56,529

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	$203,794	$403,857	$1,140,368	$-200,063
2022	$566,830	$416,276	$1,353,485	$150,554
2021	$350,697	$263,084	$1,204,752	$87,613
2020	$96,545	$225,663	$814,246	$-129,118
2019	$93,689	$214,753	$319,201	$-121,064
2018	$325,858	$171,623	$439,506	$154,235

COMMUNITY SOLUTIONS OF THE EMERALD COAST INC