FUTURES INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1985

Legal Domicile

Principal Officer

MELINDA DAWSON

Phone

3862556475

Tax Period

2023-07-01 to 2024-06-30

FUTURES INC, founded in 1985, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Net assets of $2.8M represent 28 months of operating reserves.

Mission

MISSION: "WE ENGAGE BUSINESS AND CIVIC LEADERS TO PROMOTE AND ACHIEVE EDUCATIONAL EXCELLENCE FOR VOLUSIA COUNTY PUBLIC SCHOOLS." VISION: "ALL VOLUSIA COUNTY PUBLIC SCHOOL STUDENTS ARE EQUIPPED AND PREPARED FOR COLLEGE OR CAREER SUCCESS."

Program Service Accomplishments

Program 1

Expenses: $99,611

FUTURES,INC. IS COMMITTED TO PROVIDING CONTINUED FINANCIAL SUPPORT TO QUALIFYING AND INDIVIDUAL VOLUSIA SCHOOL DISTRICT EMPLOYED TEACHERS THROUGH THE AWARDING OF MINI-GRANTS TO THEIR SCHOOLS WHICH...

FUTURES,INC. IS COMMITTED TO PROVIDING CONTINUED FINANCIAL SUPPORT TO QUALIFYING AND INDIVIDUAL VOLUSIA SCHOOL DISTRICT EMPLOYED TEACHERS THROUGH THE AWARDING OF MINI-GRANTS TO THEIR SCHOOLS WHICH ARE TO BE USED FOR VARIOUS CLASSROOM PROJECTS.

Program 2

Expenses: $641,752

FUTURES,INC. IS COMMITTED TO DEVELOPING PROGRAMS THAT GENERATE COMMUNITY SUPPORT FOR THE FUNDING OF SCHOLARSHIPS FOR VOLUSIA COUNTY PUBLIC SCHOOL STUDENTS IN AN EFFORT TO REDIRECT THEIR LIVES AND...

FUTURES,INC. IS COMMITTED TO DEVELOPING PROGRAMS THAT GENERATE COMMUNITY SUPPORT FOR THE FUNDING OF SCHOLARSHIPS FOR VOLUSIA COUNTY PUBLIC SCHOOL STUDENTS IN AN EFFORT TO REDIRECT THEIR LIVES AND ENHANCE THEIR CAREER GOALS. IT ALSO IS COMMITTED TO THE FUNDING OF SCHOOL GRANTS FOR PROJECTS RELATING TO LOW PERFORMING STUDENTS AND IMPROVING LITERACY AS WELL AS TEACHER MINI-GRANTS FOR CLASSROOM/SCHOOL PROJECTS. SCHOOL DISTRICT EDUCATION FOUNDATION MATCHING GRANT FUNDING AS WELL AS COMMUNITY AND CORPORATE SUPPORT ARE USED TO FUND THESE PROGRAMS. THE STUDENT PREPAID SCHOLARSHIPS FOR TAKE STOCK IN CHILDREN ARE PURCHASED BY THE ORGANIZATION FROM THE FLORIDA PREPAID COLLEGE FOUNDATION THROUGH A COMBINATION OF DIRECT MEMBER, LOCAL BUSINESS AND COMMUNITY ORGANIZATION SOURCES.

Program 3

Expenses: $78,027

AT VARIOUS RECOGNITION EVENTS, FUTURES, INC. HONORS AND RECOGNIZES THE OUTSTANDING ACCOMPLISHMENTS OF DISTRICT STUDENTS AND TEACHERS. STUDENT PROGRAMS INCLUDE TOMORROW'S LEADERS FOR HIGH SCHOOL...

AT VARIOUS RECOGNITION EVENTS, FUTURES, INC. HONORS AND RECOGNIZES THE OUTSTANDING ACCOMPLISHMENTS OF DISTRICT STUDENTS AND TEACHERS. STUDENT PROGRAMS INCLUDE TOMORROW'S LEADERS FOR HIGH SCHOOL JUNIORS AND THE TURN AROUND PROGRAM FOR MIDDLE AND HIGH SCHOOL STUDENTS. IN ADDITION, MANY STAFF RECOGNITION PROGRAMS ARE IN PLACE, INCLUDING NEW TEACHER PRE-SERVICE EVENTS; PRINCIPAL OF THE YEAR AWARDS; SUPERINTENDENTS'S OUTSTANDING ACHIEVEMENT AWARDS; TEACHER OF THE YEAR AWARDS; AND FIRST YEAR TEACHER AWARDS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $974,224

Program Service Revenue $0

Investment Income $118,176

Other Revenue $80,029

TOTAL REVENUE $1,172,429

Expense Breakdown

Grants Paid $590,560

Salaries & Benefits $0

Fundraising Expenses $66,300

Program Expenses $819,390

Other Expenses $570,419

TOTAL EXPENSES $1,160,979

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,172,429	$1,373,116	-0.1%
Expenses	$1,160,979	$1,186,657	0.0%
Net Income	$11,450	$186,459	-0.9%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
DR CARMEN BALGOBIN	EX-OFFICIO M	N/A	Director	$0	$0	$0
PETER BEGALLA	DIRECTOR	N/A	Director	$0	$0	$0
DR LINDA BRADLEY	DIRECTOR	N/A	Director	$0	$0	$0
LAUREN BURKHALTER CDFA	DIRECTOR	N/A	Director	$0	$0	$0
GWEN CHECHO	DIRECTOR	N/A	Director	$0	$0	$0
MELINDA DAWSON	OFFICER	N/A	Officer Director	$0	$0	$0
KAREN EASTMAN	DIRECTOR	N/A	Director	$0	$0	$0
JESSICA ECKELBARGER	DIRECTOR	N/A	Director	$0	$0	$0
AMY ENGEL	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
STEVE FARMER	DIRECTOR	N/A	Director	$0	$0	$0
JUSTINE FLOREZ	DIRECTOR	N/A	Director	$0	$0	$0
ERIC FRAINE	PRESIDENT	N/A	Officer Director	$0	$0	$0
MATTHEW GILLIKIN	DIRECTOR	N/A	Director	$0	$0	$0
LUIS GRACIA	DIRECTOR	N/A	Director	$0	$0	$0
JOHN GUTHRIE	DIRECTOR	N/A	Director	$0	$0	$0
JAMIE HAYNES	EX-OFFICIO M	N/A	Director	$0	$0	$0
DR ELIZABETH BETTE HEINS	DIRECTOR	N/A	Director	$0	$0	$0
LEN MARINACCIO III	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT LUDLOW JR	DIRECTOR	N/A	Director	$0	$0	$0
SUSIE LEFILS	DIRECTOR	N/A	Director	$0	$0	$0
MICHELLE LEE	DIRECTOR	N/A	Director	$0	$0	$0
DR DONALD MAY	DIRECTOR	N/A	Director	$0	$0	$0
TOM POKORNY	DIRECTOR	N/A	Director	$0	$0	$0
AUSTIN QUINN	DIRECTOR	N/A	Director	$0	$0	$0
DOUG REECE	SECRETARY	N/A	Director	$0	$0	$0
SHIMENE SHEPARD	EXECUTIVE DI	N/A	Director	$0	$0	$0
VALENCIA GALLON STUBBS	DIRECTOR	N/A	Director	$0	$0	$0
DEBBIE TAPPIN	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
BOBBY THIGPEN	DIRECTOR	N/A	Director	$0	$0	$0
HEATHER BOND VARGAS	PAST PRESIDE	N/A	Officer Director	$0	$0	$0
LINDA WEBSTER	DIRECTOR	N/A	Director	$0	$0	$0
BRANDON YOUNG	PRESIDENT-EL	N/A	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	No data	No data	No data	No data
2024	$1,172,429	$1,160,979	$2,799,497	$11,450
2023	$1,373,116	$1,186,657	$2,812,850	$186,459
2022	$883,163	$858,219	$2,752,805	$24,944
2021	$1,118,587	$888,938	$2,541,730	$229,649
2020	$898,898	$747,843	$2,289,931	$151,055
2019	$1,009,425	$761,531	$2,076,513	$247,894