FLORIDA HEAD START ASSOCIATION (EIN 593606275) - 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

1999

Legal Domicile

Principal Officer

WANDA MINICK

Phone

8506946477

Tax Period

2023-10-01 to 2024-09-30

FLORIDA HEAD START ASSOCIATION, founded in 1999, is a small nonprofit in the Education sector that reported $368K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $72K, a strong 19% operating margin.

Mission

EMPOWER MEMBERS TO ADVOCATE, LEAD, AND ENHANCE THE EDUCATION, HEALTH, AND SOCIAL SERVICES PROVIDED TO FAMILIES BY HEAD START.

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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 (2023)

Revenue Breakdown

Contributions & Grants $150,000

Program Service Revenue $217,193

Investment Income $0

Other Revenue $1,183

TOTAL REVENUE $368,376

Expense Breakdown

Grants Paid $0

Salaries & Benefits $116,846

Fundraising Expenses $11,681

Program Expenses $195,918

Other Expenses $179,849

TOTAL EXPENSES $296,695

Year-over-Year Comparison

	2023	2022	Change
Revenue	$368,376	$294,701	+0.2%
Expenses	$296,695	$229,179	+0.3%
Net Income	$71,681	$65,522	+0.1%

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

$119,411

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRI BARLOW	DIRECTOR	1.00	Director	$0	$0	$0
BRIGETTE DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
AKIA DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
NACOLE GUYTON	DIRECTOR	1.00	Director	$0	$0	$0
LAFONDA HEIDEL	DIRECTOR	1.00	Director	$0	$0	$0
TANYA STANTON	DIRECTOR	1.00	Director	$0	$0	$0
MARITZA VAZQUEZ	DIRECTOR	1.00	Director	$0	$0	$0
VICKY WOLIN	DIRECTOR	1.00	Director	$0	$0	$0
WANDA MINICK	EXECUTIVE DIRECTOR	45.00	Officer	$109,835	$9,576	$119,411
MAITE RIESTRA-QUINTERO	PRESIDENT	1.00	Officer	$0	$0	$0
SEAN MURNANE	VICE PRESIDENT	1.00	Officer	$0	$0	$0
GLORIA GONZALEZ	TREASURER	1.00	Officer	$0	$0	$0
BOB BIALAS	SECRETARY	1.00	Officer	$0	$0	$0
KYMBERLY A COOK	PAST PRESIDENT	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
2024	$368,376	$296,695	$870,387	$71,681
2023	$294,701	$229,179	$669,177	$65,522
2022	$488,095	$326,066	$633,209	$162,029
2021	$253,534	$207,651	$507,978	$45,883
2020	$315,887	$293,457	$431,721	$22,430
2019	$306,696	$338,194	$414,913	$-31,498
2018	$318,216	$283,967	$359,311	$34,249

FLORIDA HEAD START ASSOCIATION