NORTH FLORIDA EDUCATIONAL DEVELOPMENT CORPORATION (EIN 592801357) - 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

1990

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

NORTH FLORIDA EDUCATIONAL DEVELOPMENT CORPORATION, founded in 1990, is a small nonprofit in the Housing & Shelter sector that reported $385K in total revenue in fiscal year 2023. Revenue surged 92% from the prior year, signaling strong growth momentum.

Mission

The mission is to empower individuals and families in Gadsden County to become more self-determined,self-sufficient and self-sustaining;to develop mechanisms for direct involvement with citizens and create a climate in which the community is able to develop cooperative solutions.

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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 $285,000

Program Service Revenue $100,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $385,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,000

Fundraising Expenses $0

Program Expenses $397,928

Other Expenses $387,788

TOTAL EXPENSES $415,788

Year-over-Year Comparison

	2023	2022	Change
Revenue	$385,000	$200,386	+0.9%
Expenses	$415,788	$420,858	0.0%
Net Income	$-30,788	$-220,472	-0.9%

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

N/A

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

Total Directors

Key Employees

$28,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLYN FORD	EXECUTIVE DIRECTOR	40.00	Key Emp	$28,000	$0	$28,000
ORA GREEN	BOARD MEMBER	0.25	Officer	$0	$0	$0
PAULINE POWELL	BOARD MEMEBER	0.25	Officer	$0	$0	$0
ARRIANE GRAHAM	PROGRAM MANAGER	0.25	Officer	$0	$0	$0
KERWYN WILSON	BOARD MEMBER	0.25	Officer	$0	$0	$0
SYLIA FIGGERS	BOARD SECRETARY	0.25	Officer	$0	$0	$0
TONJI WIGGINS	BOARD MEMBER	0.25	Officer	$0	$0	$0
LIZZIE THOMAS	BOARD MEMBER	0.25	Officer	$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
2023	$385,000	$415,788	$1,120,000	$-30,788
2022	$200,386	$420,858	$1,126,195	$-220,472
2020	$308,021	$276,033	$1,148,319	$31,988

NORTH FLORIDA EDUCATIONAL DEVELOPMENT CORPORATION