Better Business Bureau of West Florida Inc (EIN 592453220) - 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

1984

Legal Domicile

Principal Officer

Karen W Nalven

Phone

7275355609

Tax Period

2024-01-01 to 2024-12-31

Better Business Bureau of West Florida Inc, founded in 1984, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2024. The organization ran a surplus of $612K, a strong 15% operating margin.

Mission

To promote and foster the highest ethical relationship between businesses and the public through voluntary self-regulation, consumer and business education, and service excellence.

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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 $0

Program Service Revenue $3,628,215

Investment Income $339,171

Other Revenue $14,569

TOTAL REVENUE $3,981,955

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,645,141

Fundraising Expenses $0

Program Expenses $1,763,797

Other Expenses $1,725,176

TOTAL EXPENSES $3,370,317

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,981,955	$3,826,225	+0.0%
Expenses	$3,370,317	$3,191,032	+0.1%
Net Income	$611,638	$635,193	0.0%

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

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

$213,019

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steven G Klein	Past Chair	1.00	Officer Director	$0	$0	$0
Jim Alex	Treasurer	1.00	Officer Director	$0	$0	$0
Karla Moreno	Vice Chair	1.00	Officer Director	$0	$0	$0
Terry Chapman	Director	1.00	Director	$0	$0	$0
Thomas Cleary	Director	1.00	Director	$0	$0	$0
Judie Glenn	Director	1.00	Director	$0	$0	$0
Jack Joyner	Director	1.00	Director	$0	$0	$0
Amy Rettig	Director	1.00	Director	$0	$0	$0
Ronald Ricardo	Director	1.00	Director	$0	$0	$0
Mark Vernick	Chair	1.00	Officer Director	$0	$0	$0
Leslie M Conklin Esq	Director	1.00	Director	$0	$0	$0
John Richard	Director	1.00	Director	$0	$0	$0
Karen W Nalven	President/CEO	60.00	Officer	$189,266	$23,753	$213,019
John Zajac	Corporate Counsel	50.00	Highest	$145,533	$14,118	$159,651
Todd Eikenberry	Business Development Manag	50.00	Highest	$118,133	$12,751	$130,884
Michelle Grella	Senior Business Relations	50.00	Highest	$113,242	$17,735	$130,977
Stephanie Renfroe-Kelly	Financial Officer	50.00	Highest	$107,230	$11,704	$118,934

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	$3,981,955	$3,370,317	$11,731,894	$611,638
2023	$3,826,225	$3,191,032	$10,894,916	$635,193
2022	$3,653,737	$3,043,562	$9,928,193	$610,175
2021	$3,565,159	$2,852,720	$9,491,015	$712,439
2020	$3,435,701	$2,830,323	$8,707,219	$605,378
2019	$3,654,096	$2,860,657	$8,110,773	$793,439
2018	$3,477,094	$2,765,574	$7,401,646	$711,520

Better Business Bureau of West Florida Inc