Pinellas Ex-Offender Re-entry Coal… - 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

Michael Jalazo

Phone

8555057372

Tax Period

2023-10-01 to 2024-09-30

Pinellas Ex-Offender Re-entry Coalition Inc, founded in 1999, is a community nonprofit in the Crime & Legal sector that reported $3.5M in total revenue in fiscal year 2023. Expenses of $3.1M left a modest 13% surplus.

Mission

To help returning citizens become and remain returned, taxpaying citizens reunited with family through advocacy, education, programming and comprehensive service delivery and referral. We believe that the successful reentry of returning citizens who become and remain as such is excellent public safety policy.

Program Service Accomplishments

Program 1

Expenses: $2,486,264 Revenue: $1,949,230

Provides outreach services to ex-offenders in the community and assists them in obtaining needed services to adequately re-integrate into society as productive members of the community.

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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 $1,588,140

Program Service Revenue $1,949,230

Investment Income $0

Other Revenue $-12,694

TOTAL REVENUE $3,524,676

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,351,249

Fundraising Expenses $0

Program Expenses $2,486,264

Other Expenses $1,705,815

TOTAL EXPENSES $3,057,064

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,524,676	$3,303,115	+0.1%
Expenses	$3,057,064	$2,805,056	+0.1%
Net Income	$467,612	$498,059	-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

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

$129,441

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William Major	Board Member	2.00	Director	$0	$0	$0
Millie Taylor	Board Member	2.00	Director	$0	$0	$0
Richard Rippy	Board Chair	2.00	Officer Director	$0	$0	$0
Leah McRae	Board Member	2.00	Director	$0	$0	$0
Sarah Couture	Board Member	2.00	Director	$0	$0	$0
Dr Audie Murphy	Board Member	2.00	Director	$0	$0	$0
Julien Riley	Board Member	2.00	Director	$0	$0	$0
Matt Spence	Board Member	2.00	Director	$0	$0	$0
James Dates	Board Member	2.00	Director	$0	$0	$0
Erin McKenny	Board Member	2.00	Director	$0	$0	$0
Kip Corriveau	Treasurer	2.00	Officer Director	$0	$0	$0
David Benson	Board Member	2.00	Director	$0	$0	$0
Michaael Jalazo	CEO	40.00	Officer	$129,441	$0	$129,441

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	$3,524,676	$3,057,064	$4,246,157	$467,612
2023	$3,303,115	$2,805,056	$3,512,863	$498,059
2022	$1,863,258	$1,809,366	$3,059,643	$53,892
2021	$2,725,953	$2,326,646	$2,698,931	$399,307
2020	$2,658,261	$2,788,472	$2,511,534	$-130,211
2019	$3,071,029	$3,002,713	$2,721,542	$68,316
2018	$2,063,830	$2,155,677	$2,573,445	$-91,847

Pinellas Ex-Offender Re-entry Coalition Inc