ROTARY CLUB OF ORMOND BEACH 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

1981

Legal Domicile

Principal Officer

ERICK PALACIOS

Phone

3863418985

Tax Period

2024-07-01 to 2025-06-30

ROTARY CLUB OF ORMOND BEACH INC, founded in 1981, is a micro nonprofit that reported $81K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $99K exceeded revenue, resulting in a 22% operating deficit.

Mission

THE ORGANIZATION SEEKS TO ENHANCE LOCAL BUSINESSES AND THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $24,350 Revenue: $8,205

CONTRIBUTIONS TO LOCAL CHARITIES, ORGANIZATIONS, AND YOUTH PROGRAMS TO ENHANCE THE COMMUNITY OF ORMOND BEACH, FLORIDA

Program 2

Expenses: $63,161 Revenue: $4,970

ROTARY FOUNDATION

Program 3

NON-RECURRING LOCAL COMMUNITY SERVICE PROJECTS

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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 $80,278

Program Service Revenue $13,175

Investment Income $53

Other Revenue $-12,125

TOTAL REVENUE $81,381

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $87,511

Other Expenses $99,190

TOTAL EXPENSES $99,190

Year-over-Year Comparison

	2024	2023	Change
Revenue	$81,381	$103,256	-0.2%
Expenses	$99,190	$85,525	+0.2%
Net Income	$-17,809	$17,731	-2.0%

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

Employees

N/A

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
JEFF BROCK	SECRETARY	N/A	Officer Director	$0	$0	$0
ROBBIE COLEMAN	PRESIDENT	N/A	Officer Director	$0	$0	$0
MATT ELSTON	PAST PRESIDE	N/A	Officer Director	$0	$0	$0
THOMAS MACDONALD	DIRECTOR	N/A	Director	$0	$0	$0
ERICK PALACIOS	TREASURER	N/A	Officer Director	$0	$0	$0
JEFF STRCULA	DIRECTOR	N/A	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
2025	$81,381	$99,190	$86,153	$-17,809
2024	$103,256	$85,525	$100,907	$17,731
2023	$83,040	$90,817	$83,176	$-7,777
2022	$94,456	$99,418	$92,551	$-4,962
2021	$98,246	$76,348	$95,915	$21,898
2020	$77,986	$84,724	$74,842	$-6,738
2019	$106,360	$95,710	$81,461	$10,650
2018	$81,967	$89,379	$70,105	$-7,412