Florida Fruit & Vegetable Research & Education Foundation Inc (EIN 593047600) - 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

1991

Legal Domicile

Principal Officer

Halston Fernandez

Phone

3212145200

Tax Period

2024-01-01 to 2024-12-31

Florida Fruit & Vegetable Research & Education Foundation Inc, founded in 1991, is a small nonprofit in the Science & Technology sector that reported $486K in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $120K, a strong 25% operating margin.

Mission

FFVA RESEARCH AND EDUCATION FOUNDATION BENEFITS THE GENERAL PUBLIC THROUGH INITIATIVES THAT PROVIDE SOLUTIONS TO CHALLENGES FACING SPECIALTY CROP PRODUCERS AND THEIR STAKEHOLDERS.

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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 $292,218

Program Service Revenue $105,235

Investment Income $73,385

Other Revenue $14,945

TOTAL REVENUE $485,783

Expense Breakdown

Grants Paid $30,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $293,697

Other Expenses $335,728

TOTAL EXPENSES $365,728

Year-over-Year Comparison

	2024	2023	Change
Revenue	$485,783	$350,055	+0.4%
Expenses	$365,728	$315,273	+0.2%
Net Income	$120,055	$34,782	+2.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACY DUDA CHAPMAN	CHAIR	1.0	Officer Director	$0	$0	$0
JOE HODGES	VICE CHAIR	1.0	Officer Director	$0	$0	$0
HALSTON FERNANDEZ	SECRETARY/TREASURER	2.0	Officer Director	$0	$0	$0
ERIC BONNETT	DIRECTOR	1.0	Director	$0	$0	$0
KEITH MIXON	DIRECTOR	1.0	Director	$0	$0	$0
APRIL ROE PORTER	DIRECTOR	1.0	Director	$0	$0	$0
MARTHA ROBERTS	DIRECTOR	1.0	Director	$0	$0	$0
MICHAEL J STUART	DIRECTOR	1.0	Director	$0	$0	$0
MICHAEL JOYNER	DIRECTOR	1.0	Director	$0	$0	$0
SONIA TIGHE	EX OFFICIO	1.0	Director	$0	$0	$0
ASHLEY LAYSON	DIRECTOR	1.0	Director	$0	$0	$0
JUAN DAVID CASTRO-ANZOLA	DIRECTOR	1.0	Director	$0	$0	$0
CHUCK ALLISON	DIRECTOR	1.0	Director	$0	$0	$0
PAUL R ORSENIGO	DIRECTOR	1.0	Director	$0	$0	$0
ALAN HAIR	DIRECTOR	1.0	Director	$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	$485,783	$365,728	$1,408,056	$120,055
2023	$350,055	$315,273	$1,272,459	$34,782
2022	$306,426	$326,046	$1,216,444	$-19,620
2021	$548,670	$391,543	$1,350,511	$157,127
2020	$284,351	$257,285	$1,192,019	$27,066
2019	$391,286	$365,794	$1,098,039	$25,492
2018	$904,922	$852,816	$1,042,058	$52,106

Florida Fruit & Vegetable Research & Education Foundation Inc