FLORENCE-LAUDERDALE INDUSTRIAL EXPANSION COMMITTEE INC (EIN 630476880) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1964

Legal Domicile

Principal Officer

RUSSELL L CARBINE

Phone

2567670021

Tax Period

2024-10-01 to 2025-09-30

FLORENCE-LAUDERDALE INDUSTRIAL EXPANSION COMMITTEE INC, founded in 1964, is a small nonprofit that reported $254K in total revenue in fiscal year 2017. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $222K, a strong 87% operating margin.

Mission

PROMOTION OF AREA INDUSTRIAL GROWTH

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $194,378

Other Revenue $181,030

TOTAL REVENUE $375,408

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $37,528

Other Expenses $37,528

TOTAL EXPENSES $37,528

Year-over-Year Comparison

	2024	2023	Change
Revenue	$375,408	$398,213	-0.1%
Expenses	$37,528	$37,123	+0.0%
Net Income	$337,880	$361,090	-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

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
RUSSELL L CARBINE	PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$0	$0
SCOTT HAATAJA	TREASURER/DIRECTOR	0.50	Officer Director	$0	$0	$0
ANDY BETTERTON MAYOR CITY OF FLOREN	SECRETARY/DIRECTOR	0.50	Officer Director	$0	$0	$0
JOHN VAN SANDT	DIRECTOR	0.50	Director	$0	$0	$0
DANNY PETTUS CHAIR LAUDERDALE CO CO	DIRECTOR	0.50	Director	$0	$0	$0
DAUGHTRY PERRITT	DIRECTOR	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
2025	$375,408	$37,528	$5,868,607	$337,880
2024	$398,213	$37,123	$5,530,727	$361,090
2023	$188,622	$35,029	$5,169,637	$153,593
2022	$196,271	$33,493	$5,016,044	$162,778
2021	$501,349	$32,880	$4,853,266	$468,469
2020	$223,977	$33,606	$4,384,797	$190,371
2019	$222,084	$33,639	$4,194,426	$188,445
2018	$253,933	$32,416	$4,005,981	$221,517

FLORENCE-LAUDERDALE INDUSTRIAL EXPANSION COMMITTEE INC