FLORIDA GULF COAST APARTMENTS INC (EIN 591143970) - 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

1966

Legal Domicile

Principal Officer

JACK R NESMITH

Phone

8139331020

Tax Period

2022-07-01 to 2023-06-30

FLORIDA GULF COAST APARTMENTS INC, founded in 1966, is a small nonprofit in the Housing & Shelter sector that reported $915K in total revenue in fiscal year 2022. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $141K, a strong 15% operating margin.

Mission

THE ORGANIZATION PROVIDES LOW INCOME HOUSING FOR THE ELDERLY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $910,224

Investment Income $4,922

Other Revenue $0

TOTAL REVENUE $915,146

Expense Breakdown

Grants Paid $0

Salaries & Benefits $215,965

Fundraising Expenses $0

Program Expenses $781,296

Other Expenses $557,959

TOTAL EXPENSES $773,924

Year-over-Year Comparison

	2022	2021	Change
Revenue	$915,146	$779,992	+0.2%
Expenses	$773,924	$848,022	-0.1%
Net Income	$141,222	$-68,030	-3.1%

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
JACK NESMITH	DIRECTOR	2	Director	$0	$0	$0
FRED EDMINISTER	PRESIDENT	5	Officer Director	$0	$0	$0
ANTHONY JOHNSON	DIRECTOR	2	Director	$0	$0	$0
RON MILLINER	DIRECTOR	2	Director	$0	$0	$0
SUBHAKAR MEDIDI	DIRECTOR	2	Director	$0	$0	$0
LEE EDMISTER	DIRECTOR	2	Director	$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
2023	$915,146	$773,924	$1,557,258	$141,222
2022	$779,992	$848,022	$1,423,508	$-68,030
2021	$784,906	$678,737	$1,481,705	$106,169
2020	$782,871	$644,310	$1,395,391	$138,561
2019	$784,546	$691,135	$1,361,339	$93,411

FLORIDA GULF COAST APARTMENTS INC