Haines City Economic Development Council Inc (EIN 542081021) - 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

2002

Legal Domicile

Principal Officer

Cynthia Jantomaso

Phone

8634222525

Tax Period

2023-10-01 to 2024-09-30

Haines City Economic Development Council Inc, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $297K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $328K exceeded revenue, resulting in a 11% operating deficit.

Mission

Assist existing industry and recruit new industry to the service area.

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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 $286,642

Program Service Revenue $0

Investment Income $9,972

Other Revenue $0

TOTAL REVENUE $296,614

Expense Breakdown

Grants Paid $25,915

Salaries & Benefits $223,042

Fundraising Expenses $0

Other Expenses $79,307

TOTAL EXPENSES $328,264

Year-over-Year Comparison

	2023	2022	Change
Revenue	$296,614	$349,595	-0.2%
Expenses	$328,264	$232,377	+0.4%
Net Income	$-31,650	$117,218	-1.3%

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

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

$157,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cynthia Jantomaso	President	40.00	Officer	$157,200	$0	$157,200
Russell Mouton	Past Chairman	0.00	Officer Director	$0	$0	$0
Stacy Campbell-Domineck	Chairwoman	0.00	Officer Director	$0	$0	$0
Ann Barnhart	Vice Chairwoman	0.00	Officer Director	$0	$0	$0
Merle Bishop	Treasurer	0.00	Officer Director	$0	$0	$0
Marc Hoenstine	Secretary	0.00	Officer Director	$0	$0	$0
Bill Braswell	Director	0.00	Director	$0	$0	$0
Dr Andy Oguntola	Director	0.00	Director	$0	$0	$0
Marco Dallara	Director	0.00	Director	$0	$0	$0
Chris Schisler	Director	0.00	Director	$0	$0	$0
Wade Hughes	Director	0.00	Director	$0	$0	$0
Carlos Bonilla	Director	0.00	Director	$0	$0	$0
John Webb	Director	0.00	Director	$0	$0	$0
Lyndsey Novotny	Director	0.00	Director	$0	$0	$0
Mark Peeples	Director	0.00	Director	$0	$0	$0
Lana Stripling	Director	0.00	Director	$0	$0	$0
Mayor Morris West	City Rep	0.00	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
2024	$296,614	$328,264	$469,551	$-31,650
2023	$349,595	$232,377	$500,885	$117,218
2022	$215,359	$199,887	$382,321	$15,472
2021	$232,361	$190,521	$365,510	$41,840
2020	$213,219	$187,360	$323,688	$25,859
2019	$213,881	$185,649	$273,591	$28,232
2018	$198,597	$186,588	$245,184	$12,009

Haines City Economic Development Council Inc