Northwest Florida Business (EIN 593654568) - 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

2000

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

Northwest Florida Business, founded in 2000, is a small nonprofit in the Community Improvement sector that reported $463K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $115K, a strong 25% operating margin.

Mission

TO PROMOTE BENEFICIAL ECONOMIC GROWTH IN AN 8-COUNTY REGION IN NWFL BY PROVIDING TECHNICAL ASSISTANCE TO ECONOMIC DEVELOPMENT ORGANIZATIONS AND 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 $463,038

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $463,038

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $30,654

Other Expenses $348,451

TOTAL EXPENSES $348,451

Year-over-Year Comparison

	2023	2022	Change
Revenue	$463,038	$420,949	+0.1%
Expenses	$348,451	$304,709	+0.1%
Net Income	$114,587	$116,240	0.0%

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

N/A

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
Richard Williams	Director	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	$463,038	$348,451	$531,982	$114,587
2023	$420,949	$304,709	$417,395	$116,240
2022	$266,003	$297,651	$307,045	$-31,648
2021	$278,370	$192,193	$338,693	$86,177
2020	$680,896	$539,915	$252,516	$140,981
2019	$810,592	$882,839	$112,519	$-72,247
2018	$293,886	$239,995	$199,922	$53,891

Northwest Florida Business