CENTRAL FLORIDA DEVELOPMENT COUNCI… - Form 990 Financial Data

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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

1986

Legal Domicile

Principal Officer

SEAN MALOTT

Phone

8639374430

Tax Period

2024-10-01 to 2025-09-30

CENTRAL FLORIDA DEVELOPMENT COUNCIL INC, founded in 1986, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.7M left a modest 6% surplus.

Mission

GROW AN ECONOMY BASED ON HIGH-SKILL, HIGH-WAGE SUSTAINABLE BUSINESSES. WE FOCUS ON BUSINESS RECRUITMENT AND EXPANSION, BUSINESS ADVOCACY, FACILITATING COLLABORATIVE PARTNERSHIPS AND ADVANCING STRATEGIC INITIATIVES IN CENTRAL FLORIDA'S POLK COUNTY.

Program Service Accomplishments

Program 1

CENTRAL FLORIDA DEVELOPMENT COUNCIL (CFDC) IS RESPONSIBLE FOR RECRUITING NEW BUSINESSES TO POLK COUNTY AND HELPING EXISTING BUSINESSES EXPAND. WE FOCUS ON BUSINESS RECRUITMENT AND EXPANSION, BUSINESS ADVOCACY, FACILITATING COLLABORATIVE PARTNERSHIPS AND ADVANCING STRATEGIC INITIATIVES IN CENTRAL FLORIDA'S POLK COUNTY. FOUNDED IN 1985, CFDC TRANSITIONED INTO A PRIVATE, NOT-FOR-PROFIT ORGANIZATION IN 2015 THROUGH A STRATEGIC PARTNERSHIP WITH THE POLK COUNTY BOARD OF COUNTY COMMISSIONERS AND THE LOCAL BUSINESS COMMUNITY. THE VISION OF THE CFDC IS TO DEVELOP AN ECONOMIC ENVIRONMENT THAT ATTRACTS AND RETAINS INDUSTRY-DIVERSE BUSINESSES WITH HIGHER-PAYING CAREERS AND EDUCATES AND RETAINS QUALIFIED TALENT TO ALIGN WITH TARGETED INDUSTRY WORKFORCE NEEDS.

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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 $1,762,522

Program Service Revenue $0

Investment Income $14,414

Other Revenue $775

TOTAL REVENUE $1,777,711

Expense Breakdown

Grants Paid $0

Salaries & Benefits $769,204

Fundraising Expenses $0

Other Expenses $903,324

TOTAL EXPENSES $1,672,528

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,777,711	$1,566,335	+0.1%
Expenses	$1,672,528	$1,422,470	+0.2%
Net Income	$105,183	$143,865	-0.3%

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

$209,983

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE SHEPP	CHAIR	3.00	Officer Director	$0	$0	$0
EMERY SMITH	VICE CHAIR	3.00	Officer Director	$0	$0	$0
BRANDON CLARK	SECRETARY/TREASURER	3.00	Officer Director	$0	$0	$0
GENE CONRAD	PAST CHAIR	3.00	Officer Director	$0	$0	$0
BRAD LUNZ	BOARD MEMBER	3.00	Director	$0	$0	$0
DEENA DRUMGO	BOARD MEMBER	3.00	Director	$0	$0	$0
DR AMY BRATTEN	BOARD MEMBER	3.00	Director	$0	$0	$0
DREW WILCOX	BOARD MEMBER	3.00	Director	$0	$0	$0
GEORGE LINDSAY	BOARD MEMBER (ENDED 12/2024)	3.00	Director	$0	$0	$0
JEFF KINCART	BOARD MEMBER	3.00	Director	$0	$0	$0
JEREMY VOSS	BOARD MEMBER	3.00	Director	$0	$0	$0
KYLE STORY	BOARD MEMBER	3.00	Director	$0	$0	$0
PATRICK PHILLIPS	BOARD MEMBER	3.00	Director	$0	$0	$0
RANDY KNAPP	BOARD MEMBER	3.00	Director	$0	$0	$0
RICK GARCIA	BOARD MEMBER	3.00	Director	$0	$0	$0
RICK WILSON	BOARD MEMBER (AS OF 1/2025)	3.00	Director	$0	$0	$0
SEAN MALOTT	PRESIDENT & CEO	40.00	Officer	$167,064	$42,919	$209,983

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	$1,777,711	$1,672,528	$1,396,882	$105,183
2024	$1,566,335	$1,422,470	$1,363,212	$143,865
2023	$1,661,102	$1,532,493	$1,223,085	$128,609
2022	$1,373,235	$1,257,664	$836,733	$115,571
2021	$1,417,077	$1,230,892	$647,392	$186,185
2020	$1,426,636	$1,204,040	$504,570	$222,596
2019	$1,373,697	$1,302,090	$318,302	$71,607
2018	$1,227,929	$1,217,858	$265,874	$10,071

CENTRAL FLORIDA DEVELOPMENT COUNCIL INC