FAFO INC

EIN: 591531258 501(c)(3)

OCALA, FL

Total Revenue
$253,458
Total Expenses
$184,448
Total Assets
$723,969
Net Assets
$722,490
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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
1972
Legal Domicile
FL
Principal Officer
DONNA DISCLAFANI
Phone
3528670355
Tax Period
2023-01-01 to 2023-12-31

FAFO INC, founded in 1972, is a small nonprofit that reported $253K in total revenue in fiscal year 2023. Revenue surged 69% from the prior year, signaling strong growth momentum. The organization ran a surplus of $69K, a strong 27% operating margin.

Mission

The mission of F.A.F.O. is to promote the appreciation of the fine arts and to enhance art eduation within our community.

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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 $28,415
Program Service Revenue $173,490
Investment Income $51,553
Other Revenue $0
TOTAL REVENUE $253,458

Expense Breakdown

Grants Paid $0
Salaries & Benefits $28,692
Fundraising Expenses $1,563
Program Expenses $155,597
Other Expenses $155,756
TOTAL EXPENSES $184,448

Year-over-Year Comparison

2023 2022 Change
Revenue $253,458 $149,597 +0.7%
Expenses $184,448 $184,885 0.0%
Net Income $69,010 $-35,288 -3.0%
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
23
Independent Members
22
Employees
1
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
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BILLYE MALLORY PRESIDENT 8.00
Officer Director
$0 $0 $0
JENA BROOKS VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
CHARLITA WHITEHEAD SECRETARY 2.00
Officer Director
$0 $0 $0
DAVID HOOPER TREASURER 3.00
Officer Director
$0 $0 $0
BETH CANNON BOARD MEMBER 6.00
Director
$0 $0 $0
SONDRA COLLINS BOARD MEMBER 2.00
Officer Director
$0 $0 $0
KARAN GAEKWAD BOARD MEMBER 2.00
Director
$0 $0 $0
BROOKE HUTTO BOARD MEMBER 2.00
Director
$0 $0 $0
ROB JORDAN BOARD MEMBER 2.00
Director
$0 $0 $0
CARLEY LOVELL BOARD MEMBER 2.00
Director
$0 $0 $0
DAWN LOVELL BOARD MEMBER 2.00
Director
$0 $0 $0
BUFF MORING BOARD MEMBER 2.00
Director
$0 $0 $0
KATRINA NEUMANN BOARD MEMBER 2.00
Director
$0 $0 $0
RYAN NEUMANN BOARD MEMBER 4.00
Director
$0 $0 $0
DAVID REUTTER BOARD MEMBER 4.00
Director
$0 $0 $0
JOANNA ROBERTSON BOARD MEMBER 2.00
Director
$0 $0 $0
EMILY SCHULKE BOARD MEMBER 2.00
Director
$0 $0 $0
TEDDY SYKES BOARD MEMBER 2.00
Director
$0 $0 $0
CHONA TANNER BOARD MEMBER 2.00
Director
$0 $0 $0
VIANCA TORRES ADMIN COORDINATOR 2.00
Director
$0 $0 $0
MICHELLE WETZ BOARD MEMBER 2.00
Director
$0 $0 $0
HANNAH WHITSTON BOARD MEMBER 2.00
Director
$0 $0 $0
MAGGIE WEAKLEY ADMIN COORDINATOR 20.00
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
2024 No data No data No data No data
2023 $253,458 $184,448 $723,969 $69,010
2022 $149,597 $184,885 $654,929 $-35,288
2021 $219,605 $193,713 $693,642 $25,892
2020 $20,388 $86,962 $667,750 $-66,574
2019 $313,603 $212,489 $745,967 $101,114
2018 $215,253 $284,486 $644,853 $-69,233
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