PLANT CITY ECONOMIC DEVELOPMENT CORPORATION (EIN 474825797) - 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

KAREN KERR

Phone

8137524197

Tax Period

2023-10-01 to 2024-09-30

PLANT CITY ECONOMIC DEVELOPMENT CORPORATION, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $480K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $137K, a strong 29% operating margin.

Mission

THE GENERAL PURPOSE OF THE CORPORATION IS TO DEVELOP, EXECUTE AND IMPLEMENT A BROAD ECONOMIC DEVELOPMENT PROGRAM TO ATTRACT NEW BUSINESSES AND TO ASSIST EXISTING BUSINESS TO IMPROVE THE ECONOMIC HEALTH OF THE PLANT CITY, FLORIDA COMMUNITY THROUGH THE CREATION OF JOBS, CAPITAL INVESTMENT, AND CASH FLOW.

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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 $478,950

Program Service Revenue $0

Investment Income $1,411

Other Revenue $0

TOTAL REVENUE $480,361

Expense Breakdown

Grants Paid $0

Salaries & Benefits $217,846

Fundraising Expenses $0

Other Expenses $125,301

TOTAL EXPENSES $343,147

Year-over-Year Comparison

	2023	2022	Change
Revenue	$480,361	$369,875	+0.3%
Expenses	$343,147	$338,818	+0.0%
Net Income	$137,214	$31,057	+3.4%

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

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
KAREN KERR	CHAIRMAN	5.00	Officer	$0	$0	$0
JEFF LUCAS	IMMD PAST CH	N/A	Officer	$0	$0	$0
LARRY JIMENEZ JR	VICE CHAIRMA	5.00	Officer	$0	$0	$0
RICK LOTT	SECRETARY/TR	5.00	Officer	$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
2025	No data	No data	No data	No data
2024	$480,361	$343,147	$262,584	$137,214
2023	$369,875	$338,818	$128,086	$31,057
2022	$412,233	$438,063	$92,589	$-25,830
2021	$415,481	$435,979	$118,894	$-20,498
2020	$386,269	$416,510	$137,790	$-30,241
2019	$358,436	$328,385	$168,787	$30,051
2018	$346,472	$348,540	$142,696	$-2,068

PLANT CITY ECONOMIC DEVELOPMENT CORPORATION