FLORIDA ELKS PROPERTIES INC

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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

1988

Legal Domicile

Principal Officer

CARL SEIBERT

Phone

3526692241

Tax Period

2020-04-01 to 2021-03-31

FLORIDA ELKS PROPERTIES INC, founded in 1988, is a community nonprofit in the Youth Development sector that reported $3.5M in total revenue in fiscal year 2020. Revenue surged 341% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 74% operating margin.

Mission

OWNERSHIP AND MAINTENANCE OF REAL PROPERTY FOR THE BENEFIT OF AFFILIATED 501(C)(3) ORGANIZATIONS PROVIDING CHARITABLE PHYSICAL THERAPY CARE AND YOUTH CAMP OPERATIONS.

Program Service Accomplishments

Program 1

Expenses: $754,673 Revenue: $422,378

HELD REAL ESTATE AND DISBURSED FUNDS FOR CAPITAL IMPROVEMENTS, REPAIRS AND MAINTENANCE FOR THE BENEFIT OF AFFILIATED 501(C)(3) ORGANIZATIONS PROVIDING CHARITABLE PHYSICAL THERAPY CARE AND YOUTH CAMP...

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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 (2020)

Revenue Breakdown

Contributions & Grants $2,973,089

Program Service Revenue $406,000

Investment Income $69,951

Other Revenue $16,378

TOTAL REVENUE $3,465,418

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $754,673

Other Expenses $884,178

TOTAL EXPENSES $884,178

Year-over-Year Comparison

	2020	2019	Change
Revenue	$3,465,418	$786,696	+3.4%
Expenses	$884,178	$747,945	+0.2%
Net Income	$2,581,240	$38,751	+65.6%

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

N/A

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

$138,973

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK MALETESTA	PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$0	$0
MICHAEL W WARREN	VICE PRES/DIRECTOR	0.20	Officer Director	$0	$0	$0
W LARRY HENLEY	DIRECTOR	0.20	Director	$0	$0	$0
BRIAN T BURNS	DIRECTOR	0.20	Director	$0	$0	$0
THOMAS R LUDWICK	DIRECTOR	0.20	Director	$0	$0	$0
JOE COOPER	DIRECTOR	0.20	Director	$0	$0	$0
JOHN H DILL	DIRECTOR	0.20	Director	$0	$0	$0
CARL T SEIBERT	STATE SECRETARY	1.00	Officer	$0	$11,683	$138,973

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
2021	$3,465,418	$884,178	$21,416,527	$2,581,240
2020	$786,696	$747,945	$18,835,292	$38,751
2019	$538,848	$664,989	$18,796,561	$-126,141
2018	$1,106,458	$688,105	$18,923,469	$418,353