Emerald Coast Fitness Foundation

EIN: 472708975 501(c)(3) Recreation & Sports

Ft Walton Bch, FL

Total Revenue
$1,094,010
Total Expenses
$1,001,292
Total Assets
$243,881
Net Assets
$227,489
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
FL
Principal Officer
Kathleen M Heapy
Phone
8505856233
Tax Period
2024-01-01 to 2024-12-31

Emerald Coast Fitness Foundation, founded in 2015, is a community nonprofit in the Recreation & Sports sector that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $1.0M left a modest 8% surplus.

Mission

Provide programs and facilities that will deliver opportunities for instruction training and competitive excellence primarily in sports.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $350,548
Program Service Revenue $637,030
Investment Income $234
Other Revenue $106,198
TOTAL REVENUE $1,094,010

Expense Breakdown

Grants Paid $3,495
Salaries & Benefits $571,792
Fundraising Expenses $0
Program Expenses $756,385
Other Expenses $426,005
TOTAL EXPENSES $1,001,292

Year-over-Year Comparison

2024 2023 Change
Revenue $1,094,010 $963,087 +0.1%
Expenses $1,001,292 $977,711 +0.0%
Net Income $92,718 $-14,624 -7.3%
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

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Governance

Voting Members
5
Independent Members
5
Employees
86
Volunteers
30

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
5
$0
Total Directors
14
$16,321
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robert Bradley Kale Advisory Board Member 12.00
Director
$16,321 $0 $16,321
D Parker Destin Advisory Board Member 1.00
Director
$0 $0 $0
James Ward Advisory Board Member 1.00
Director
$0 $0 $0
Paul Singleton Advisory Board Member 1.00
Director
$0 $0 $0
Pamela Braseth Advisory Board Member 1.00
Director
$0 $0 $0
Sharon Smith Advisory Board Member 1.00
Director
$0 $0 $0
Charles Noonan Advisory Board Member 1.00
Director
$0 $0 $0
Len Strom Advisory Board Member 1.00
Director
$0 $0 $0
Chris Sehman Executive Board Member 1.00
Officer Director
$0 $0 $0
Wayne Myers Secretary 1.00
Officer Director
$0 $0 $0
Gary Heapy Vice President 1.00
Officer Director
$0 $0 $0
Kevin Leibold President 1.00
Officer Director
$0 $0 $0
Kathleen Heapy Treasury 20.00
Officer Director
$0 $0 $0
Stan Kroder Advisory Board Member 5.00
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 $1,094,010 $1,001,292 $243,881 $92,718
2023 $963,087 $977,711 $137,727 $-14,624
2022 $919,124 $895,259 $150,423 $23,865
2021 $758,974 $706,519 $117,412 $52,455
2020 $567,489 $575,292 $101,484 $-7,803
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