THE COMMUNITY FOUNDATION FOR NORTHEAST FLORIDA INC (EIN 596150746) - 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

1988

Legal Domicile

Principal Officer

NINA WATERS

Phone

9043564483

Tax Period

2023-01-01 to 2023-12-31

THE COMMUNITY FOUNDATION FOR NORTHEAST FLORIDA INC, founded in 1988, is a major nonprofit in the Philanthropy & Grantmaking sector that reported $104.3M in total revenue in fiscal year 2023. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $21.2M, a strong 20% operating margin.

Mission

OUR MISSION IS TO STIMULATE PHILANTHROPY TO BUILD A BETTER COMMUNITY THROUGH GRANTMAKING THAT IS FAIR AND THOUGHTFUL, INNOVATIVE SERVICE TO THE COMMUNITY THROUGH LEADERSHIP AND COLLABORATION, AND SELF GOVERNANCE THAT RESPECTS THE INTENT OF THE DONOR AND PUTS COMMUNITY FIRST.

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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 $87,898,263

Program Service Revenue $78,500

Investment Income $13,487,266

Other Revenue $2,849,264

TOTAL REVENUE $104,313,293

Expense Breakdown

Grants Paid $75,120,769

Salaries & Benefits $3,608,659

Fundraising Expenses $835,004

Program Expenses $78,127,463

Other Expenses $4,346,161

TOTAL EXPENSES $83,075,589

Year-over-Year Comparison

	2023	2022	Change
Revenue	$104,313,293	$63,356,535	+0.6%
Expenses	$83,075,589	$63,450,687	+0.3%
Net Income	$21,237,704	$-94,152	-226.6%

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

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

$1,334,731

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE M EGAN	TRUSTEE	1.00	Director	$0	$0	$0
CAROL ALEXANDER	TRUSTEE	1.00	Director	$0	$0	$0
THE HONORABLE BRIAN J DAVIS	CHAIR/TRUSTEE/VP	2.00	Officer Director	$0	$0	$0
MARTHA FRYE BAKER	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL DUBOW	TRUSTEE	1.00	Director	$0	$0	$0
SOLOMON G BROTMAN	TRUSTEE	1.00	Director	$0	$0	$0
HALSEY WISE	TRUSTEE	1.00	Director	$0	$0	$0
JULIA TAYLOR	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD SISISKY	TRUSTEE	1.00	Director	$0	$0	$0
LAUREN RUEGER	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT HILL JR	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL MEYERS	TRUSTEE	1.00	Director	$0	$0	$0
BUDDY SCHULZ	TRUSTEE	1.00	Director	$0	$0	$0
VELMA MONTERIO-TRIBBLE	TRUSTEE	1.00	Director	$0	$0	$0
ISAIAH OLIVER	PRESIDENT	50.00	Officer	$181,883	$12,355	$194,238
NINA M WATERS	FORMER PRESIDENT	50.00	Officer	$414,193	$51,718	$465,911
GRACE M SACERDOTE	EVP&CFO/TREASURER	50.00	Officer	$247,663	$40,193	$287,856
KATHLEEN SHAW	VP	45.00	Officer	$174,209	$33,129	$207,338
JOHN ZELL	VP/SECRETARY	45.00	Officer	$150,881	$28,507	$179,388
WANDA WILLIS	VP	45.00	Highest	$145,401	$16,596	$161,997

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	$104,313,293	$83,075,589	$655,396,947	$21,237,704
2022	$63,356,535	$63,450,687	$548,390,568	$-94,152
2021	$110,893,672	$47,593,409	$630,367,087	$63,300,263
2021	$110,893,672	$47,593,409	$630,367,087	$63,300,263
2020	$73,406,233	$53,734,839	$550,322,083	$19,671,394

THE COMMUNITY FOUNDATION FOR NORTHEAST FLORIDA INC