FLORIDA TAX COLLECTORS INC

EIN: 590199461

PALATKA, FL

Total Revenue
$1,151,496
Total Expenses
$1,085,276
Total Assets
$573,682
Net Assets
$540,427
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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
FL
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

The purpose for this organization is to educate and promote the 67 Tax Collector offices as they fulfill their constitutional directives as well as create efficiencies in their local and state programs.

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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 (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

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Governance

Voting Members
16
Independent Members
16
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
5
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
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
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