MID FLORIDA HOMELESS COALITION 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

2000

Legal Domicile

Principal Officer

CARA MEEKS

Phone

3528602308

Tax Period

2024-01-01 to 2024-12-31

MID FLORIDA HOMELESS COALITION INC, founded in 2000, is a community nonprofit in the Human Services sector that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $1.9M left a modest 4% surplus.

Mission

TO PROMOTE PARTNERSHIPS THAT WILL REDUCE AND PREVENT HOMELESSNESS IN CITRUS, HERNANDO, LAKE, AND SUMTER COUNTIES.

Program Service Accomplishments

Program 1

Expenses: $1,841,920

WRITE GRANTS, EDUCATE COMMUNITIES, OVERSEE OPERATION OF HOMELESS MANAGEMENT INFORMATION SYSTEM (HMIS), AND PROVIDE INFORMATION AND REFERRALS. USERS OF THE SYSTEM ARE TRAINED ON HOW TO OPERATE THE...

WRITE GRANTS, EDUCATE COMMUNITIES, OVERSEE OPERATION OF HOMELESS MANAGEMENT INFORMATION SYSTEM (HMIS), AND PROVIDE INFORMATION AND REFERRALS. USERS OF THE SYSTEM ARE TRAINED ON HOW TO OPERATE THE SYSTEM TO ALLOW EFFECTIVE ANALYSIS OF THE DATA FOR USE IN ASSESSING THE NEEDS AND TRENDS IN THE COMMUNITIES SERVICED. PART OF THE MISSION IS TO PROMITE PARTNERSHIPS THAT WILL REDUCE AND PREVENT HOMELESSNESS AND TO PROVIDE INFORMATION AND RREFERRALS CONNECTING PEOPLE TO NEEDED SERVICES. PROVIDING OUTREACH CASE MANAGEMENT TO THOSE WHO ARE EXPERIENCING HOMELESSNESS THROUGHOUT CITRUS, HERNANDO, LAKE, SUMTER AND MARION COUNTIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,996,446

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,996,446

Expense Breakdown

Grants Paid $609,726

Salaries & Benefits $511,331

Fundraising Expenses $9,592

Program Expenses $1,841,920

Other Expenses $805,034

TOTAL EXPENSES $1,926,091

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,996,446	$1,638,791	+0.2%
Expenses	$1,926,091	$1,616,396	+0.2%
Net Income	$70,355	$22,395	+2.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARA MEEKS	PRESIDENT	0.50	Officer Director	$0	$0	$0
MELISSA SIMMES	IMM. PAST PR	0.50	Officer Director	$0	$0	$0
KIM DUCHARME LEVENSOHN	SECRETARY	0.50	Officer Director	$0	$0	$0
BE THOMPSON	TREASURER	0.50	Officer Director	$0	$0	$0
SHAY-ANNE RAZAIRE	BOARD MEMBER	0.50	Director	$0	$0	$0
TIMOTHY MCCORMACK	BOARD MEMBER	0.50	Director	$0	$0	$0
JARED TANNER	BOARD MEMBER	0.50	Director	$0	$0	$0
DOROTHY HOOKS	BOARD MEMBER	0.50	Director	$0	$0	$0
MEGAN ENNIS	BOARD MEMBER	0.50	Director	$0	$0	$0
STEPHEN TEASTER	BOARD MEMBER	0.50	Director	$0	$0	$0
PAUL TARNOWSKI	BOARD MEMBER	0.50	Director	$0	$0	$0
LINDA MOBLEY	BOARD MEMBER	0.50	Director	$0	$0	$0
DAWN ROBINSON	BOARD MEMBER	0.50	Director	$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	$1,996,446	$1,926,091	$1,312,542	$70,355
2023	$1,638,791	$1,616,396	$874,081	$22,395
2022	$2,977,853	$2,896,928	$1,410,316	$80,925
2021	$1,859,651	$1,758,666	$1,269,465	$100,985
2020	$1,261,843	$1,240,986	$393,450	$20,857
2019	$1,011,204	$919,757	$267,843	$91,447
2018	$996,199	$982,930	$212,063	$13,269