WINTER SPRINGS, FL
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)FLORIDA DEVELOPMENT FINANCE CORPORATION, founded in 1993, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.8M, a strong 53% operating margin.
FLORIDA DEVELOPMENT FINANCE CORPORATION ("FDFC") ACCOMPLISHES ITS MISSION OF PROVIDING TAXABLE AND TAX-EXEMPT BOND FINANCING TERMS CONSISTENT WITH THOSE AVAILABLE TO LARGE CORPORATIONS TO SMALL, CREDITWORTHY MANUFACTURERS, 501(C)(3) NOT-FOR-PROFIT CORPORATIONS, AND ANY OTHER ELIGIBLE BORROWER OR PROJECT BY ACTING AS A CONDUIT ISSUER OF REVENUE BONDS. THE PROGRAM IS DESIGNED TO IMPROVE THE AVAILABILITY OF LOW COST FINANCING FOR ELIGIBLE BORROWERS AND PROJECTS THAT QUALIFY FOR TAX EXEMPT FINANCE UNDER IRS RULES, ALLOWING THESE ENTITIES TO BE MORE COMPETITIVE IN THE GLOBAL AND DOMESTIC MARKET PLACE. TRANSACTIONS THAT DO NOT MEET IRS QUALIFYING RULES FOR TAX EXEMPT FINANCE CAN BE FINANCED WITH TAXABLE BONDS THROUGH FDFC. FDFC HAS ISSUED BONDS FOR CHARTER SCHOOLS, TRANSPORTATION FACILITIES, INDUSTRIAL DEVELOPMENT FACILITIES, SENIOR LIVING FACILITIES AND SOLID WASTE DISPOSAL FACILITIES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $3,326,896 | $5,739,600 | -0.4% |
| Expenses | $1,549,364 | $1,746,925 | -0.1% |
| Net Income | $1,777,532 | $3,992,675 | -0.6% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MICHAEL DINAPOLI | CHAIR (THRU 7/24) | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ALEX KELLY | CHAIR (FROM 7/24) | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHARBEL BARAKAT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT PANEPINTO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MOSHE POPACK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| J MICHAEL QUIJANO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TAYLOR SMITH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BEN WATKINS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT HARVEY ESQ | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$189,358 | $26,914 | $216,272 |
| RYAN BARTKUS | SR. DIRECTOR, PROGRAMS | 40.00 |
Officer
|
$127,643 | $38,209 | $165,852 |
| JENNIFER JENKINS | SR. DIR., ADMIN. | 40.00 |
Highest
|
$117,200 | $26,957 | $144,157 |
| MILDRED MORALES | DIRECTOR, SYSTEMS & IT | 40.00 |
Highest
|
$120,960 | $20,937 | $141,897 |
| DAVID LYNN ROGERS | SR. DIR., BUS. DEV. (THRU 2/24) | 40.00 |
Highest
|
$115,902 | $13,396 | $129,298 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $3,326,896 | $1,549,364 | $14,560,866 | $1,777,532 |
| 2024 | $5,739,600 | $1,746,925 | $12,338,198 | $3,992,675 |
| 2023 | $2,893,381 | $1,492,227 | $8,374,240 | $1,401,154 |
| 2022 | $3,600,952 | $1,542,604 | $7,090,461 | $2,058,348 |
| 2021 | $2,582,006 | $1,374,780 | $4,673,672 | $1,207,226 |
| 2020 | $1,390,502 | $1,322,176 | $3,466,366 | $68,326 |
| 2019 | $3,813,725 | $1,561,184 | $3,393,919 | $2,252,541 |
Compare FLORIDA DEVELOPMENT FINANCE CORPORATION with other nonprofits in Florida and across the country.