FLORIDA TAX COLLECTORS INC

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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

1975

Legal Domicile

Principal Officer

RICHARD WATSON

Phone

8506539323

Tax Period

2023-01-01 to 2023-12-31

FLORIDA TAX COLLECTORS INC, founded in 1975, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 6% surplus.

Mission

WE ARE A UNITED TEAM OF TAX COLLECTORS COMMITTED TO MEETING THE NEEDS OF OUR STAFFS TO SERVE CUSTOMERS EFFECTIVELY BY SHARING KNOWLEDGE, EXPERIENCES, AND BEST PRACTICES THROUGH MENTORING AND PROFESSIONAL DEVELOPMENT TO SOLVE MUTUAL CHALLENGES.

Program Service Accomplishments

Program 1

Expenses: $980,878 Revenue: $1,133,110

PROVIDE INFORMATION AND EDUCATION REGARDING THE LAWS AND REGULATIONS AFFECTING THE DUTIES OF THE TAX COLLECTOR OF THE SIXTY-SEVEN COUNTIES OF FLORIDA.

Program 2

Expenses: $90,949

THE LOBBYIST FUCTION IS TO ASSIST THE LEGISLATIVE CHAIR IN THE PLANNING AND LEADING OF FOUR LEGISLATIVE PLANNING DAYS THAT WILL FOCUS ON LEGISLATIVE EDUCATION, STRATEGIC PLANNING, AND RELATED...

THE LOBBYIST FUCTION IS TO ASSIST THE LEGISLATIVE CHAIR IN THE PLANNING AND LEADING OF FOUR LEGISLATIVE PLANNING DAYS THAT WILL FOCUS ON LEGISLATIVE EDUCATION, STRATEGIC PLANNING, AND RELATED LEGISLATIVE APPROACHES. LOBBYIST ALSO WORKS TO CREATE OPPORTURNITIES TO BRING TOGETHER ASSOCIATED MEMBERS AND STATE POLICY MAKERS, ELECTED OR APPOINTED, INCLUDING LEGISLATIVE LEADERSHIP, MEMBERS OF THE CABINET, AND LEGISLATIVE STAFF IN ORDER TOSUPPORT THE PRIMARY OBJECTIVE OF THE ORGANIZATIONS EXEMPT PURPOSE.

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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 $347,000

Program Service Revenue $786,110

Investment Income $16,286

Other Revenue $2,100

TOTAL REVENUE $1,151,496

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,071,827

Other Expenses $1,085,276

TOTAL EXPENSES $1,085,276

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,151,496	$916,751	+0.3%
Expenses	$1,085,276	$930,627	+0.2%
Net Income	$66,220	$-13,876	-5.8%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN ANDERSON	DISTRICT 1 DIRECTOR	N/A	Director	$0	$0	$0
MARY CAROL MURDOCK	DISTRICT 2 DIRECTOR	N/A	Director	$0	$0	$0
SHARON JORDAN	DISTRICT 3 DIRECTOR	N/A	Director	$0	$0	$0
KYLE KEEN	DISTRICT 4 DIRECTOR	N/A	Director	$0	$0	$0
JIM OVERTON	DISTRICT 5 DIRECTOR	N/A	Director	$0	$0	$0
DAVID JORDAN	DISTRICT 6 DIRECTOR	N/A	Director	$0	$0	$0
RANDY MASK	DISTRICT 7 DIRECTOR	N/A	Director	$0	$0	$0
VICKIE POTTS	DISTRICT 8 DIRECTOR	N/A	Director	$0	$0	$0
SAM STEELE	DISTRICT 10 DIRECTOR	N/A	Director	$0	$0	$0
ANNE GANNON	DISTRICT 9 DIRECTOR	N/A	Director	$0	$0	$0
NANCY MILLAN	SECRETARY	N/A	Officer	$0	$0	$0
CHUCK PERDUE	PRESIDENT	N/A	Officer	$0	$0	$0
RICK WATSON	TREASURER	N/A	Officer	$0	$0	$0
BRUCE VICKERS	1ST VP	N/A	Officer	$0	$0	$0
NOELLE BRANNING	2ND VP	N/A	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	No data	No data	No data	No data
2023	$1,151,496	$1,085,276	$573,682	$66,220
2022	$916,751	$930,627	$480,907	$-13,876
2021	$843,426	$731,793	$488,083	$111,633
2020	$278,348	$311,621	$379,950	$-33,273
2019	$707,195	$743,562	$412,123	$-36,367
2019	$705,291	$743,562	$410,218	$-38,271
2018	$687,145	$678,827	$448,040	$8,318