ECONOMIC DEVELOPMENT COUNCIL OF OKALOOSA COUNTY FLORIDA INC (EIN 592288214) - 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

1997

Legal Domicile

Principal Officer

NATHAN SPARKS

Phone

8503626467

Tax Period

2024-10-01 to 2025-09-30

ECONOMIC DEVELOPMENT COUNCIL OF OKALOOSA COUNTY FLORIDA INC, founded in 1997, is a small nonprofit that reported $710K in total revenue in fiscal year 2024. Expenses of $688K left a modest 3% surplus.

Mission

TO FURTHER ECONOMIC DEVELOPMENT WITHIN OKALOOSA COUNTY

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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 $676,650

Program Service Revenue $9,683

Investment Income $0

Other Revenue $23,368

TOTAL REVENUE $709,701

Expense Breakdown

Grants Paid $0

Salaries & Benefits $434,235

Fundraising Expenses $0

Program Expenses $688,117

Other Expenses $253,882

TOTAL EXPENSES $688,117

Year-over-Year Comparison

	2024	2023	Change
Revenue	$709,701	$680,589	+0.0%
Expenses	$688,117	$674,251	+0.0%
Net Income	$21,584	$6,338	+2.4%

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

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

$195,809

Total Directors

$195,809

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEKO STUBBLEFIELD	CHAIRMAN	2.00	Officer Director	$0	$0	$0
NIC DEZINSKI	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
BONNIE BARLOW	TREASURER	2.00	Officer Director	$0	$0	$0
GARY JARVIS	SECRETARY	2.00	Officer Director	$0	$0	$0
MIKE MOSLEY PHD	PAST-CHAIRMAN	2.00	Officer Director	$0	$0	$0
SAMUEL NATHAN SPARKS	EXECUTIVE DIRECTOR	40.00	Officer Director	$188,852	$6,957	$195,809
PAUL MIXON	COUNTY REPRESENTATIVE	2.00	Officer Director	$0	$0	$0
MEL PONDER	NWFSC EX OFFICIO	2.00	Officer Director	$0	$0	$0
NICOLE MCDONALD	UWF EX OFFICIO	2.00	Officer Director	$0	$0	$0
MARCUS CHAMBERS	PUBLIC SCHOOL EX OFFICIO	2.00	Officer Director	$0	$0	$0
MICHELE BURNS	CAREER SOURCE EX OFFICIO	2.00	Officer Director	$0	$0	$0
BERNARD JOHNSON	UTILITIES EX OFFICIO	2.00	Officer Director	$0	$0	$0
STEVE RHODES	UTILITIES EX OFFICIO	2.00	Officer Director	$0	$0	$0
GORDON KING	UTILITIES EX OFFICIO	2.00	Officer 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	$709,701	$688,117	$355,859	$21,584
2024	$680,589	$674,251	$335,015	$6,338
2023	$697,242	$651,020	$324,072	$46,222
2022	$672,279	$640,898	$278,015	$31,381
2021	$579,069	$566,581	$289,181	$12,488
2020	$604,415	$601,102	$257,583	$3,313
2019	$597,722	$590,122	$227,944	$7,600
2018	$565,009	$600,286	$231,212	$-35,277

ECONOMIC DEVELOPMENT COUNCIL OF OKALOOSA COUNTY FLORIDA INC