FRESH START MINISTRIES OF CENTRAL FL INC (EIN 592737376) - 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

1986

Legal Domicile

Principal Officer

JOSEPH CORDOVANO

Phone

4072933822

Tax Period

2023-01-01 to 2023-12-31

FRESH START MINISTRIES OF CENTRAL FL INC, founded in 1986, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023.

Mission

FAITH-BASED SUBSTANCE ABUSE AND DISCIPLESHIP PROGRAM

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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 (2023)

Revenue Breakdown

Contributions & Grants $269,313

Program Service Revenue $553,105

Investment Income $3,375

Other Revenue $186,288

TOTAL REVENUE $1,012,081

Expense Breakdown

Grants Paid $0

Salaries & Benefits $580,437

Fundraising Expenses $0

Program Expenses $765,476

Other Expenses $460,504

TOTAL EXPENSES $1,040,941

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,012,081	$996,487	+0.0%
Expenses	$1,040,941	$1,030,855	+0.0%
Net Income	$-28,860	$-34,368	-0.2%

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

$185,227

Total Directors

$185,227

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH P CORDOVANO	EXECUTIVE DIRECTOR/PRESIDENT	50.00	Officer Director	$35,866	$21,441	$57,307
KELLY CORDOVANO	VICE PRESIDENT/TREASURER	42.50	Officer Director Highest	$88,657	$39,263	$127,920
JEREMIAH CORDOVANO	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN CARMEAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DR RICHARD M DUNN	BOARD CHAIRMAN	1.00	Officer Director	$0	$0	$0
STEVE FOREMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID LUNDBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
NICK ROBINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JEREMY RYCKMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CRYSTAL VANEK	BOARD MEMBER	1.00	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
2024	No data	No data	No data	No data
2023	$1,012,081	$1,040,941	$2,041,402	$-28,860
2022	$996,487	$1,030,855	$2,030,081	$-34,368
2021	$1,154,203	$1,030,036	$2,145,862	$124,167
2020	$919,239	$1,095,537	$2,283,758	$-176,298

FRESH START MINISTRIES OF CENTRAL FL INC