CITRUS RESEARCH AND EDUCATION FOUN… - 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

1999

Legal Domicile

Principal Officer

DR MICHAEL ROGERS

Phone

8639561151

Tax Period

2018-07-01 to 2019-06-30

CITRUS RESEARCH AND EDUCATION FOUNDATION INC, founded in 1999, is a small nonprofit that reported $498K in total revenue in fiscal year 2018. Revenue decreased 5% compared to the prior year. Net assets of $1.0M represent 25 months of operating reserves.

Mission

DIRECT SUPPORT ORGANIZATION FOR THE UNIVERSITY OF FLORIDA. IT SUPPORTS CITRUS RESEARCH FOR THE UNIVERSITY'S COLLEGE OF AGRICULTURE.

Program Service Accomplishments

Program 1

Expenses: $387,838 Revenue: $488,851

OPERATED EXPERIMENTAL CITRUS GROVES

Program 2

Expenses: $125,340

OPERATED TEST LABS AND PROVIDED OTHER DIRECT SUPPORT TO UNIVERSITY RESEARCH ACTIVITIES.

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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 (2018)

Revenue Breakdown

Contributions & Grants $50

Program Service Revenue $488,851

Investment Income $8,831

Other Revenue $32

TOTAL REVENUE $497,764

Expense Breakdown

Grants Paid $0

Salaries & Benefits $38,906

Fundraising Expenses $0

Program Expenses $513,178

Other Expenses $489,272

TOTAL EXPENSES $528,178

Year-over-Year Comparison

	2018	2017	Change
Revenue	$497,764	$526,423	-0.1%
Expenses	$528,178	$629,484	-0.2%
Net Income	$-30,414	$-103,061	-0.7%

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

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
DR JERRY FANKHAUSER	DIRECTOR	1.00	Director	$0	$0	$0
ELLIS HUNT JR	PRESIDENT	1.00	Officer Director	$0	$0	$0
THOMAS E HART	TREASURER	1.00	Officer Director	$0	$0	$0
DR NICK PLACE	DIRECTOR	1.00	Director	$0	$0	$0
BRENT SUTTON	DIRECTOR	1.00	Director	$0	$0	$0
DR MICHAEL ROGERS	EXECUTIVE DI	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
2019	$497,764	$528,178	$1,037,971	$-30,414
2019	$171,057	$413,238	No data	$-242,181

CITRUS RESEARCH AND EDUCATION FOUNDATION INC