HOMELESS COALITION OF POLK COUNTY … - 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

1988

Legal Domicile

Principal Officer

BRIDGET ENGLEMAN

Phone

8636878386

Tax Period

2023-01-01 to 2023-12-31

HOMELESS COALITION OF POLK COUNTY FLORIDA, founded in 1988, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 98% from the prior year, signaling strong growth momentum. The organization ran a surplus of $831K, a strong 47% operating margin.

Mission

THE HOMELESS COALITION OF POLK COUNTY, FLORIDA FACILITATES THE COORDINATION AND COLLABORATION AMONG ORGANIZATIONS SERVING THE HOMELESS POPULATION OF POLK COUNTY.

Program Service Accomplishments

Program 1

Expenses: $873,518

COORDINATED EFFORTS BETWEEN AGENCIES TO INCREASE EFFECTIVENESS OF HOMELESS PROGRAMS.

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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 $1,778,766

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,778,766

Expense Breakdown

Grants Paid $382,709

Salaries & Benefits $329,650

Fundraising Expenses $0

Program Expenses $873,518

Other Expenses $235,761

TOTAL EXPENSES $948,120

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,778,766	$896,942	+1.0%
Expenses	$948,120	$1,714,081	-0.4%
Net Income	$830,646	$-817,139	-2.0%

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

N/A

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

$79,573

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIDGET ENGLEMAN	EXECUTIVE DI	40.00	Officer	$79,573	$0	$79,573
MICHAEL BROWN	PRESIDENT	1.00	Officer	$0	$0	$0
CEDRIC COX	MEMBER AT LA	1.00	Officer	$0	$0	$0
ANNIE GIBSON	VICE PRESIDE	1.00	Officer	$0	$0	$0
ALBERT KIRKLAND JR	TREASURER	1.00	Officer	$0	$0	$0
JANE FREEMAN RN	SECRETARY	1.00	Officer	$0	$0	$0
LUKE SIMMONS	MEMBER AT LA	1.00	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
2024	No data	No data	No data	No data
2023	$1,778,766	$948,120	$1,828,358	$830,646
2022	$896,942	$1,714,081	$1,539,973	$-817,139
2021	$1,637,597	$1,579,401	$899,630	$58,196
2020	$1,126,688	$952,192	$1,515,732	$174,496
2019	$877,147	$793,047	$957,242	$84,100
2018	$827,043	$777,334	$851,357	$49,709

HOMELESS COALITION OF POLK COUNTY FLORIDA