Flagler Avenue Business Associatio… - 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

2015

Legal Domicile

Principal Officer

Jenny Norado

Phone

3864027909

Tax Period

2022-01-01 to 2022-12-31

Flagler Avenue Business AssociationInc, founded in 2015, is a micro nonprofit in the Community Improvement sector that reported $89K in total revenue in fiscal year 2022. The organization ran a surplus of $18K, a strong 21% operating margin.

Mission

The organization is comprised of businesses engaged in retail, hospitality and professional services. The Organization proives a program of work designed to bring business to its members.

Program Service Accomplishments

Program 1

Expenses: $135,683 Revenue: $155,483

Hospitality events including festivals, wine walk, challenges and other program of work events to bring business to its members

Program 2

Expenses: $72,460 Revenue: $71,889

Flagler Avenue non hospitality events, including 5K races, and others

Program 3

Expenses: $22,310 Revenue: $72,975

Brick Sales

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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 (2022)

Revenue Breakdown

Contributions & Grants $7,508

Program Service Revenue $0

Investment Income $0

Other Revenue $81,488

TOTAL REVENUE $88,996

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $231,053

Other Expenses $70,697

TOTAL EXPENSES $70,697

Year-over-Year Comparison

	2022	2021	Change
Revenue	$88,996	$85,623	+0.0%
Expenses	$70,697	$43,089	+0.6%
Net Income	$18,299	$42,534	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Zoe Neuner	President	005.00	Officer Director	$0	$0	$0
Sherman Reid	VP	005.00	Officer Director	$0	$0	$0
Jenny Norado	Treasurer	010.00	Officer Director	$0	$0	$0
Elaine Stathakis	Board Member	010.00	Director	$0	$0	$0
Rhonda Kanan	Secretary	010.00	Officer 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
2023	No data	No data	No data	No data
2022	$88,996	$70,697	$194,331	$18,299
2021	$85,623	$43,089	$174,766	$42,534
2020	$31,302	$17,580	$136,234	$13,722

Flagler Avenue Business AssociationInc