DRIVE ELECTRIC FLORIDA INC

EIN: 472962753 501(c)(3) Education

Cocoa, FL

Total Revenue
$231,848
Total Expenses
$164,978
Total Assets
$185,489
Net Assets
$185,489
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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
FL
Principal Officer
Jennifer Szaro
Phone
4076207613
Tax Period
2021-01-01 to 2021-12-31

DRIVE ELECTRIC FLORIDA INC, founded in 2015, is a small nonprofit in the Education sector that reported $232K in total revenue in fiscal year 2021. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $67K, a strong 29% operating margin.

Mission

Support and accelerate the adoption of plug-in electric vehicles in Florida by engaging and educating the public and businesses, facilitating collaboration; supporting EV-friendly policy and programs; and. advancing the energy, economic, and environmental security of the state of Florida by promoting the growth of electric vehicle ownership and accompanying infrastructure.

Program Service Accomplishments

Program 1
Expenses: $79,280 Revenue: $0

Education: Educate and inform Florida consumers, businesses, and decision-makers about the environmental and socio-economic benefits of transitioning to electric vehicles.

Program 2
Expenses: $79,280 Revenue: $0

Outreach: Use social and other media to draw attention to the availability of electric vehicles and electric vehicle charging stations in Florida.

Program 3
Expenses: $6,418 Revenue: $0

Networking: Engage stakeholders in the electric vehicle industry (electric utilities, vehicle manufacturers, charging station providers, policy makers, environmental organizations) in meetings and...

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Networking: Engage stakeholders in the electric vehicle industry (electric utilities, vehicle manufacturers, charging station providers, policy makers, environmental organizations) in meetings and event to pursue common objectives for transportation electrification.

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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 (2021)

Revenue Breakdown

Contributions & Grants $231,848
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $231,848

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $164,978
Other Expenses $164,978
TOTAL EXPENSES $164,978

Year-over-Year Comparison

2021 2020 Change
Revenue $231,848 $133,752 +0.7%
Expenses $164,978 $97,512 +0.7%
Net Income $66,870 $36,240 +0.8%
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
11
Independent Members
11
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
0
$0
Total Directors
12
$106,901
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Matthew Alford Executive Director 40
Director
$106,901 $0 $106,901
Jennifer Szaro Chair 5
Director
$0 $0 $0
Doug Kettles Vice Chair 5
Director
$0 $0 $0
Oscar Rodriguez Secretary 5
Director
$0 $0 $0
Jill Dvareckas Treasurer 5
Director
$0 $0 $0
Tom Ashley Director 1
Director
$0 $0 $0
Phil Compton Director 1
Director
$0 $0 $0
David Dunn Director 1
Director
$0 $0 $0
Kenneth Hernandez Director 1
Director
$0 $0 $0
Peter King Director 1
Director
$0 $0 $0
Dory Larsen Director 1
Director
$0 $0 $0
Justin Wilson Director 1
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
2021 $231,848 $164,978 $185,489 $66,870
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