BASIC NWFL INC (EIN 592994863) - 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

1989

Legal Domicile

Principal Officer

SHARRON JOSEPH

Phone

8507851088

Tax Period

2024-01-01 to 2024-12-31

BASIC NWFL INC, founded in 1989, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $1.8M left a modest 5% surplus.

Mission

BASIC IS A LOCAL, VOLUNTEER GOVERNED COMMUNITY BASED NON-PROFIT ORGANIZATION DEDICATED TO AIDING, ASSISTING, AND COMFORTING THOSE LIVING WITH HIV/AIDS. THEY PROVIDE AWARENESS, EDUCATION, AND PREVENTION INFORMATION TO THE CITIZENS OF BAY, CALHOUN, GULF, HOLMES, JACKSON AND WASHINGTON COUNTIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,853,187

Program Service Revenue $0

Investment Income $69,362

Other Revenue $0

TOTAL REVENUE $1,922,549

Expense Breakdown

Grants Paid $0

Salaries & Benefits $943,542

Fundraising Expenses $11,416

Program Expenses $1,632,432

Other Expenses $876,323

TOTAL EXPENSES $1,819,865

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,922,549	$2,190,703	-0.1%
Expenses	$1,819,865	$2,147,736	-0.2%
Net Income	$102,684	$42,967	+1.4%

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

$95,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONNIE ADAMS	CHAIR	5.00	Officer Director	$0	$0	$0
REV DARRYL HOOKS	PAST PRESIDENT	5.00	Officer Director	$0	$0	$0
ERIKA DOTSON	VICE CHAIR	5.00	Officer Director	$0	$0	$0
LARRY BATTLE	TREASURER	5.00	Officer Director	$0	$0	$0
KARL MORRIS	BOARD MEMBER	5.00	Director	$0	$0	$0
MARIDEL WHIDDON	BOARD MEMBER	5.00	Director	$0	$0	$0
DENNIS JONES	BOARD MEMBER	5.00	Director	$0	$0	$0
GARY COX	EXECUTIVE DIRECTOR	40.00	Officer	$95,000	$0	$95,000

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	$1,922,549	$1,819,865	$2,947,028	$102,684
2023	$2,190,703	$2,147,736	$2,685,883	$42,967
2022	$2,277,721	$2,176,637	$2,826,600	$101,084
2021	$2,123,219	$1,893,701	$2,240,680	$229,518
2020	$1,981,889	$1,802,461	$2,201,472	$179,428
2019	$1,769,866	$1,748,679	$1,693,888	$21,187
2018	$1,653,537	$1,498,723	$1,810,842	$154,814

BASIC NWFL INC