FLORIDA FIRST CAPITAL FINANCE CORPORATION INC (EIN 592515700) - 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

1983

Legal Domicile

Principal Officer

TODD G KOCOUREK

Phone

8506813601

Tax Period

2022-01-01 to 2022-12-31

FLORIDA FIRST CAPITAL FINANCE CORPORATION INC, founded in 1983, is a mid-sized nonprofit that reported $12.8M in total revenue in fiscal year 2022. The organization ran a surplus of $2.4M, a strong 18% operating margin.

Mission

PROVIDING ECONOMIC DEVELOPMENT ASSISTANCE AND ASSURING ACCESS TO CAPITAL FOR THE SMALL BUSINESS COMMUNITY IN THE AREA OF OPERATIONS THROUGH LOAN PACKAGING, CLOSING, AND ADMINISTRATION UNDER FEDERAL, STATE AND LOCAL LOAN PROGRAMS. IN ADDITION TO ORDINARY LOAN PROGRAMS, THE ORGANIZATION DELIVERS AND ADMINISTERS FUNDS UNDER VARIOUS STATE EMERGENCY LOAN PROGRAMS FOR DISASTER-AFFECTED SMALL BUSINESSES.

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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 $12,719,878

Investment Income $103,714

Other Revenue $0

TOTAL REVENUE $12,823,592

Expense Breakdown

Grants Paid $64,272

Salaries & Benefits $8,976,077

Fundraising Expenses $0

Program Expenses $9,712,927

Other Expenses $1,430,097

TOTAL EXPENSES $10,470,446

Year-over-Year Comparison

	2022	2021	Change
Revenue	$12,823,592	$12,402,139	+0.0%
Expenses	$10,470,446	$10,250,372	+0.0%
Net Income	$2,353,146	$2,151,767	+0.1%

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

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

$722,568

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LESTER ABBERGER	BOARD MEMBER	2.00	Director	$0	$0	$0
GARY BLISS	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMES DEGENNARO	BOARD MEMBER	2.00	Director	$0	$0	$0
T KEITH BOWERS	BOARD MEMBER	2.00	Director	$0	$0	$0
GREGORY HOBBS	BOARD MEMBER	2.00	Director	$0	$0	$0
FAUSTO GOMEZ	BOARD MEMBER	2.00	Director	$0	$0	$0
J STEPHEN FANCHER	VICE CHAIRMAN	2.00	Officer	$0	$0	$0
MALCOLM RIDDELL	CHAIRMAN	4.00	Officer	$0	$0	$0
JACQUELINE SOUSA	SECRETARY/TREASURER	8.00	Officer	$0	$0	$0
TODD G KOCOUREK	PRESIDENT & CEO	40.00	Officer	$632,762	$89,806	$722,568
ALEJANDRO BUITRAGO	BDO	40.00	Highest	$283,987	$63,391	$347,378
JOHN HANRAHAN	BDO	40.00	Highest	$292,284	$54,931	$347,215
DEBORAH PETRELL	SALES MANAGER	40.00	Highest	$220,000	$55,058	$275,058
KRISTEN TACKETT	BDO	40.00	Highest	$386,667	$66,145	$452,812
SCOTT RADWAY	BDO	40.00	Highest	$522,507	$66,834	$589,341

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	No data	No data	No data	No data
2022	$12,823,592	$10,470,446	$326,808,771	$2,353,146
2021	$12,402,139	$10,250,372	$141,828,731	$2,151,767
2020	$10,698,364	$8,341,188	$149,907,346	$2,357,176
2018	$7,664,878	$6,287,039	$92,565,149	$1,377,839

FLORIDA FIRST CAPITAL FINANCE CORPORATION INC