FLORIDA ELKS CHARITIES 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 T SEIBERT

Phone

3526692241

Tax Period

2020-04-01 to 2021-03-31

FLORIDA ELKS CHARITIES INC, founded in 1988, is a small nonprofit in the Youth Development sector that reported $635K in total revenue in fiscal year 2020. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $599K left a modest 6% surplus.

Mission

PROVIDE FINANCIAL ASSISTANCE TO AFFILIATED 501(C)(3) ORGANIZATIONS THAT PROVIDE CHARITABLE PHYSICAL THERAPY CARE AND A YOUTH CAMP

Program Service Accomplishments

Program 1

Expenses: $244,631 Revenue: $2,023

DRUG AWARENESS EDUCATION, HOOP SHOOT, SOCCER SHOOT, AMERICANISM PROGRAMS, HOPE COLLEGE SCHOLARSHIP, VETERAN PROGRAMS

Program 2

Expenses: $21,400

GRANTS & EXPENSES FOR THE BENEFIT OF AFFILIATED 501(C)(3) ORGANIZATIONS' CAPITAL EXPENSES, CHARITABLE PHYSICAL THERAPY CARE AND YOUTH CAMP OPERATION

Program 3

Expenses: $32,926

PROVIDE ASSISTANCE TO MILITARY PERSONNEL WHO HAVE BEEN DEPLOYED TO IRAQ OR AFGHANISTAN AND THEIR FAMILIES

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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 $602,279

Program Service Revenue $0

Investment Income $0

Other Revenue $33,121

TOTAL REVENUE $635,400

Expense Breakdown

Grants Paid $198,214

Salaries & Benefits $0

Fundraising Expenses $109,969

Program Expenses $298,957

Other Expenses $401,190

TOTAL EXPENSES $599,404

Year-over-Year Comparison

	2020	2019	Change
Revenue	$635,400	$920,793	-0.3%
Expenses	$599,404	$879,835	-0.3%
Net Income	$35,996	$40,958	-0.1%

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

109

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

$138,773

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICTOR MCCLELLAN	PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$0	$0
CHARLES A TRINOWSKI JR	VICE PRES/DIRECTOR	1.00	Officer Director	$0	$0	$0
JOSEPH A ORTIZ	DIRECTOR	0.20	Director	$0	$0	$0
DORIS I WADDELL	DIRECTOR	0.20	Director	$0	$0	$0
ROBERT W ERWIN	DIRECTOR	0.20	Director	$0	$0	$0
KEITH KEENE	DIRECTOR	0.20	Director	$0	$0	$0
SEAN D MAGUIRE	DIRECTOR	0.20	Director	$0	$0	$0
CARL T SEIBERT	STATE SECRETARY	1.00	Officer	$0	$11,483	$138,773

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	$635,400	$599,404	$595,695	$35,996
2020	$920,793	$879,835	$563,505	$40,958
2019	$1,028,081	$761,459	$510,942	$266,622
2018	$775,036	$765,175	$253,580	$9,861