FIRST COAST BUSINESS ALLIANCE INC

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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

ANITA MCGOOGIN

Phone

9043539389

Tax Period

2023-01-01 to 2023-12-31

FIRST COAST BUSINESS ALLIANCE INC, founded in 1999, is a micro nonprofit in the Community Improvement sector that reported $11K in total revenue in fiscal year 2023. Revenue surged 74% from the prior year, signaling strong growth momentum. Expenses of $10K left a modest 13% surplus.

Mission

TO UPLIFT AND PROMOTE SMALL AND MINORITY BUSINESSES, AND TO FOSTER AWARENESS OF BUSINESS OPPORTUNITIES FOR YOUTH ON FLORIDA'S FIRST COAST.

Program Service Accomplishments

Program 1

Expenses: $8,565

PROMOTE PROFESSIONAL DEVELOPMENT FOR MINORITY BUSINESS ENTERPRISES. HOST AN ANNUAL EVENT THAT RECOGNIZES MINORITY BUSINESSES.

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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 $11,200

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $11,200

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,754

Other Expenses $9,754

TOTAL EXPENSES $9,754

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,200	$6,435	+0.7%
Expenses	$9,754	$2,722	+2.6%
Net Income	$1,446	$3,713	-0.6%

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

N/A

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
MARICE HAGUE	EVENT CHAIR	N/A	Director	$0	$0	$0
MELISSA HONG	WEBMASTER	N/A	Director	$0	$0	$0
ANNETTE PAULSON	YES COMMITTE	N/A	Director	$0	$0	$0
JACKIE PERRY	SOUVENIR BOO	N/A	Director	$0	$0	$0
G NADINE CARSWELL	SECRETARY	N/A	Officer	$0	$0	$0
ANITA MCGOOGIN	VICE PRESIDE	N/A	Officer	$0	$0	$0
YETUNDE OYEWOLE	PRESIDENT	N/A	Officer	$0	$0	$0
MERISA RANDOLPH	TREASURER	N/A	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	No data	No data	No data	No data
2023	$11,200	$9,754	$11,307	$1,446
2022	$6,435	$2,722	$9,861	$3,713
2021	No data	$5,676	$6,148	No data
2019	$11,974	$10,923	$7,485	$1,051
2018	$12,369	$17,528	$6,434	$-5,159