FLAGLER COUNTY EDUCATION DIRECT SU… - 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

1990

Legal Domicile

Principal Officer

TERESA RIZZO

Phone

3864377526

Tax Period

2024-07-01 to 2025-06-30

FLAGLER COUNTY EDUCATION DIRECT SUPPORT ORGANIZATION INC, founded in 1990, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2024. Expenses of $1.5M left a modest 9% surplus.

Mission

COMMITTED TO GENERATING FINANCIAL SUPPORT AND AWARENESS TO ENHANCE EDUCATIONAL PROGRAMS THAT BENEFIT STUDENTS, FAMILIES, AND TEACHERS IN FLAGLER SCHOOLS.

Program Service Accomplishments

Program 1

Expenses: $667,161

TO PROVIDE SUPPORT TO DISTRICT SCHOOLS AND TEACHERS THROUGH MINI-GRANTS USED FOR VARIOUS CLASSROOM PROJECTS, INCLUDING JOSH CREWS WRITING PROJECT, BEAVER TOYOTA TEACHER FUND-A-PROJECT, AND FLAGSHIP...

Program 2

Expenses: $303,902

TO PROVIDE NECESSARY FUNDING OF VARIOUS STUDENT SCHOLARSHIPS FOR THOSE INDIVIDUAL STUDENTS WHO ARE QUALIFIED AND SELECTED TO RECEIVE CASH AWARDS, FOR THE ACQUISITION OF GROUP STUDENT PREPAID TUITION SCHOLARSHIPS THROUGH THE UTILIZATION OF THE FLORIDA PREPAID COLLEGE FOUNDATION, AND FOR THE DEVELOPMENT AND ADMINSTRATION OF THE TAKE STOCK IN CHILDREN SCHOLARSHIP PROGRAM.

Program 3

Expenses: $228,635

TO PROVIDE ESSENTIAL FINANCIAL SUPPORT TO STUDENT SERVICES PROGRAMS THROUGH FINANCING LIMITED EXPENSE SUBSIDIES TO NEEDY FAMILIES AND STUDENTS, AND TO SUPPORT A HOST OF VARIOUS STUDENT SERVICES...

TO PROVIDE ESSENTIAL FINANCIAL SUPPORT TO STUDENT SERVICES PROGRAMS THROUGH FINANCING LIMITED EXPENSE SUBSIDIES TO NEEDY FAMILIES AND STUDENTS, AND TO SUPPORT A HOST OF VARIOUS STUDENT SERVICES PROGRAMS BENEFITTING THE DISTRICT'S STUDENTS, STEM LEARNING PROGRAM, STUFF BUS PROGRAM, EMPLOYEE RECOGNITION PROGRAM AND OTHER RELATED 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 (2024)

Revenue Breakdown

Contributions & Grants $1,214,064

Program Service Revenue $403,703

Investment Income $81,929

Other Revenue $-25,270

TOTAL REVENUE $1,674,426

Expense Breakdown

Grants Paid $614,204

Salaries & Benefits $195,594

Fundraising Expenses $0

Program Expenses $1,199,698

Other Expenses $715,531

TOTAL EXPENSES $1,525,329

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,674,426	$1,579,023	+0.1%
Expenses	$1,525,329	$1,314,565	+0.2%
Net Income	$149,097	$264,458	-0.4%

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

299

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

$101,336

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KHANH-LIEN BANKO	PRESIDENT	4.00	Officer Director	$0	$0	$0
MARIA LAVIN-SANHUDO	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
CHELSEA BARNEY HERBERT	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
JENNIFER KENNEDY	TREASURER	4.00	Officer Director	$0	$0	$0
VINCENT SULLIVAN	DIRECTOR	2.00	Director	$0	$0	$0
JORDAN FARRELL	DIRECTOR	2.00	Director	$0	$0	$0
RICH COOPER	DIRECTOR	2.00	Director	$0	$0	$0
LAUREN JOHNSTON	DIRECTOR	2.00	Director	$0	$0	$0
SARAH MCPHERSON	DIRECTOR	2.00	Director	$0	$0	$0
VALLERY SKOGLUND	DIRECTOR	2.00	Director	$0	$0	$0
TREVOR TUCKER	DIRECTOR	2.00	Director	$0	$0	$0
TERESA RIZZO	EXECUTIVE DIRECTOR	40.00	Officer	$101,336	$0	$101,336
RASHAWNDA LLOYD-MILLER	SECRETARY	2.00	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
2025	$1,674,426	$1,525,329	$4,965,113	$149,097
2024	No data	No data	No data	No data
2023	$883,492	$944,441	$3,906,456	$-60,949
2022	$799,039	$789,333	$3,677,146	$9,706
2021	$919,918	$783,685	$3,976,215	$136,233
2020	$967,289	$747,790	$3,120,527	$219,499
2019	$658,979	$624,682	$2,895,406	$34,297
2018	$670,297	$589,446	$2,777,279	$80,851

FLAGLER COUNTY EDUCATION DIRECT SUPPORT ORGANIZATION INC