HEART OF FLORIDA UNITED WAY INC (EIN 590808854) - 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

1988

Legal Domicile

Principal Officer

JEFFERY HAYWARD

Phone

4078350900

Tax Period

2024-07-01 to 2025-06-30

HEART OF FLORIDA UNITED WAY INC, founded in 1988, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $21.8M in total revenue in fiscal year 2024. Net assets of $44.8M represent 25 months of operating reserves.

Mission

THE MISSION OF HEART OF FLORIDA UNITED WAY IS TO IMPROVE LIVES BY MOBILIZING THE CARING POWER OF OUR COMMUNITIES. THIS IS ACCOMPLISHED BY STANDING UP FOR THE HEALTH, EDUCATION, AND FINANCIAL STABILITY OF EVERY PERSON IN CENTRAL FLORIDA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $17,426,010

Program Service Revenue $2,500,270

Investment Income $1,791,379

Other Revenue $47,757

TOTAL REVENUE $21,765,416

Expense Breakdown

Grants Paid $6,149,153

Salaries & Benefits $10,617,060

Fundraising Expenses $2,109,959

Program Expenses $16,961,414

Other Expenses $5,277,765

TOTAL EXPENSES $22,043,978

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,765,416	$21,817,934	0.0%
Expenses	$22,043,978	$23,620,161	-0.1%
Net Income	$-278,562	$-1,802,227	-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

195

Volunteers

8883

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

$783,424

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NAVEED SHUJAAT	BOARD CHAIR (FROM 7/24)	2.50	Officer Director	$0	$0	$0
STEPHANIE GARDNER	TREASURER	2.50	Officer Director	$0	$0	$0
JAMES TOSCANO ESQ	SECRETARY	2.50	Officer Director	$0	$0	$0
JAMES ADAMCZYK	DIRECTOR	2.50	Director	$0	$0	$0
LYSA BARBANO	DIRECTOR	2.50	Director	$0	$0	$0
NICOLLA BINFORD	DIRECTOR	2.50	Director	$0	$0	$0
GRACE CHEHANSKY	DIRECTOR	2.50	Director	$0	$0	$0
JAY DARULLA	DIRECTOR	2.50	Director	$0	$0	$0
JOHN F DAVIS	DIRECTOR	2.50	Director	$0	$0	$0
HEIDI DEBENEDETTI	DIRECTOR	2.50	Director	$0	$0	$0
JARROD DILLON	DIRECTOR (FROM 7/24)	2.50	Director	$0	$0	$0
SUSIE DYER	DIRECTOR (FROM 7/24)	2.50	Director	$0	$0	$0
DONNA DYSON	DIRECTOR	2.50	Director	$0	$0	$0
EDDY ELGUEZABAL	DIRECTOR	2.50	Director	$0	$0	$0
STEPHANIE GARRIS ESQ	DIRECTOR	2.50	Director	$0	$0	$0
TODD GOODMAN	DIRECTOR	2.50	Director	$0	$0	$0
CHAR JORDAN	DIRECTOR	2.50	Director	$0	$0	$0
GEORGIA LORENZ	DIRECTOR	2.50	Director	$0	$0	$0
MARIE MARTINEZ	DIRECTOR	2.50	Director	$0	$0	$0
MARITZA MARTINEZ-GUERRERO	DIRECTOR	2.50	Director	$0	$0	$0
ATTILA MISZTI	DIRECTOR	2.50	Director	$0	$0	$0
MICHAEL MUELLER	DIRECTOR	2.50	Director	$0	$0	$0
JOHN MYERS IV	DIRECTOR	2.50	Director	$0	$0	$0
PHIL NIX	DIRECTOR	2.50	Director	$0	$0	$0
GABY ORTIGONI	DIRECTOR	2.50	Director	$0	$0	$0
TAMMY PAYCER	DIRECTOR	2.50	Director	$0	$0	$0
JOHN PISAN	DIRECTOR	2.50	Director	$0	$0	$0
ORLANDO ROLON	DIRECTOR	2.50	Director	$0	$0	$0
DAVID RUIZ	DIRECTOR	2.50	Director	$0	$0	$0
ED TIMBERLAKE	DIRECTOR	2.50	Director	$0	$0	$0
ANNETTA WILSON	DIRECTOR	2.50	Director	$0	$0	$0
BILL WILSON ESQ	DIRECTOR	2.50	Director	$0	$0	$0
CHAD WILSON	DIRECTOR	2.50	Director	$0	$0	$0
TRACEY D POWELL	BOARD CHAIR (TERM 9/24)	2.50	Officer Director	$0	$0	$0
HOPE NEWSOME ESQ	VICE CHAIR (TERM 11/24)	2.50	Officer Director	$0	$0	$0
JOAN SOAPES	DIRECTOR (TERM 9/24)	2.50	Director	$0	$0	$0
JEFFERY HAYWARD	PRESIDENT AND CHIEF EXECUTIVE OFFICER	50.00	Officer	$415,030	$45,659	$460,689
JILL GREVI	CHIEF FINANCIAL OFFICER	50.00	Officer	$288,751	$33,984	$322,735
GRACIELA NORIEGA JACOBY	CHIEF OPERATING OFFICER	50.00	Highest	$282,188	$32,230	$314,418
CAROLYN SHERMER	SENIOR VICE PRESIDENT TECHNOLOGY	50.00	Highest	$139,361	$16,650	$156,011
JAHKIYA BELL	SENIOR ADVISOR TO THE PRESIDENT AND CEO	50.00	Highest	$116,454	$23,362	$139,816
ASHLEY BLASEWITZ	SENIOR VICE PRESIDENT COMMUNICATIONS & EXTERNAL RE	50.00	Highest	$143,707	$24,838	$168,545
RAYMOND LARSEN	SENIOR VICE PRESIDENTSTRATEGIC IMPACT & COMMUNITY	50.00	Highest	$111,376	$23,800	$135,176

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	$21,765,416	$22,043,978	$51,068,412	$-278,562
2024	$21,817,934	$23,620,161	$50,224,464	$-1,802,227
2023	$22,197,166	$23,122,834	$52,774,466	$-925,668
2022	$21,120,938	$24,238,670	$52,280,258	$-3,117,732
2021	$41,818,916	$22,962,858	$57,659,357	$18,856,058
2020	$20,788,493	$20,195,042	$34,712,635	$593,451
2019	$24,506,621	$23,827,898	$32,662,700	$678,723
2018	$30,309,193	$27,884,137	$30,932,314	$2,425,056

HEART OF FLORIDA UNITED WAY INC