DRIVE ELECTRIC FLORIDA INC (EIN 472962753) - Form 990 Financial Analysis & Trantor Score

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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

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

Education and outreach to Florida consumers, industry and decisionmakers about vehicle 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%)

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

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

$106,901

Key Employees

Highest Compensated

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

DRIVE ELECTRIC FLORIDA INC