FLORIDA BUSINESS DEVELOPMENT CORP (EIN 650179159) - 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

1989

Legal Domicile

Principal Officer

WILLIAM R HABERMEYER

Phone

8133480660

Tax Period

2024-10-01 to 2025-09-30

FLORIDA BUSINESS DEVELOPMENT CORP, founded in 1989, is a mid-sized nonprofit in the Community Improvement sector that reported $15.8M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $13.8M left a modest 13% surplus.

Mission

ASSIST HEALTHY, GROWING SMALL BUSINESSES ACCESS CAPITAL VIA THE SBA 504, COMMUNITY ADVANTAGE, DIRECT LOAN.

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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 $0

Program Service Revenue $15,332,246

Investment Income $329,397

Other Revenue $164,982

TOTAL REVENUE $15,826,625

Expense Breakdown

Grants Paid $739,839

Salaries & Benefits $10,928,113

Fundraising Expenses $0

Program Expenses $11,800,609

Other Expenses $2,084,558

TOTAL EXPENSES $13,752,510

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,826,625	$14,574,508	+0.1%
Expenses	$13,752,510	$12,599,784	+0.1%
Net Income	$2,074,115	$1,974,724	+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

Employees

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

$5,840,980

Total Directors

$774,288

Key Employees

$320,924

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATHEW SCHUH	DIRECTOR	1.00	Director	$12,500	$0	$12,500
JEFFREY HUNT	CHAIRPERSON	1.00	Director	$14,000	$0	$14,000
GEORGE HAWKINS	DIRECTOR	1.00	Director	$10,000	$0	$10,000
DONNA LEWIS	DIRECTOR	1.00	Director	$11,769	$0	$11,769
MARC WOONTON	DIRECTOR	1.00	Director	$1,962	$0	$1,962
SEABRON SMITH	DIRECTOR	1.00	Director	$11,769	$0	$11,769
OMAR OJEDA	DIRECTOR	1.00	Director	$10,000	$0	$10,000
HARRY ZUKER	DIRECTOR	1.00	Director	$10,231	$0	$10,231
CHRISTINE BOUTON	DIRECTOR	1.00	Director	$10,000	$0	$10,000
THOMAS TER BEEK	DIRECTOR	1.00	Director	$11,769	$0	$11,769
JASON FINAGAN	DIRECTOR	1.00	Director	$11,769	$0	$11,769
AVRIL STINSON	DIRECTOR	1.00	Director	$10,231	$0	$10,231
WILLIAM R HABERMEYER	PRESIDENT AND TREASURER	40.00	Director	$550,000	$88,288	$638,288
ANGEL GONZALEZ	DIRECTOR	1.00	Director	$10,000	$0	$10,000
ROBERT ZINKIL	EXECUTIVE VICE PRESIDENT	40.00	Officer	$425,433	$60,424	$485,857
MARK W MAYHEW	EXECUTIVE VICE PRESIDENT	40.00	Officer	$388,533	$88,288	$476,821
CORY W STEWART	SENIOR VICE PRESIDENT	40.00	Officer	$388,941	$74,864	$463,805
CHARLES B BUTLER	SENIOR VICE PRESIDENT	40.00	Officer	$268,730	$65,689	$334,419
ARMANDO J MARTINEZ	SENIOR VICE PRESIDENT	40.00	Officer	$359,436	$88,288	$447,724
DANIEL F MARTINEZ	SENIOR VICE PRESIDENT	40.00	Officer	$237,858	$68,051	$305,909
HELEN G BENNETT	SENIOR VICE PRESIDENT	40.00	Officer	$176,550	$53,973	$230,523
ANTHONY DIMAURO	VICE PRESIDENT	40.00	Officer	$192,332	$57,115	$249,447
ANKUR N PATEL	VICE PRESIDENT	40.00	Officer	$167,537	$38,049	$205,586
RAI L DONELSON	VICE PRESIDENT AND SECRETA	40.00	Officer	$170,261	$52,248	$222,509
MICHAEL J QUANT	VICE PRESIDENT	40.00	Officer	$157,509	$56,807	$214,316
CHARLES S WILSON	VICE PRESIDENT	40.00	Officer	$159,080	$37,591	$196,671
TAYLOR DOBSON	VICE PRESIDENT	40.00	Officer	$136,007	$36,107	$172,114
MICHELLE MATHEWS SEIVOLD	VICE PRESIDENT	40.00	Officer	$124,952	$50,834	$175,786
IAN A MASSE	ASSISTANT VICE PRESIDENT	40.00	Officer	$111,124	$27,024	$138,148
JEANETTE L BOHIGAS	SECRETARY	40.00	Officer	$110,171	$48,964	$159,135
RENEE MADORMO	SECRETARY	40.00	Officer	$107,150	$41,481	$148,631
CHRISTINE NICHOLS	SECRETARY	40.00	Officer	$97,887	$35,500	$133,387
CYNTHIA LAHERA-YRIBAR	SECRETARY	40.00	Officer	$80,892	$36,792	$117,684
ANNE MYERS	SECRETARY	40.00	Officer	$77,040	$21,981	$99,021
NAARA RODRIGUEZ	SECRETARY	40.00	Officer	$52,068	$33,574	$85,642
BRIAN KING	VICE PRESIDENT	40.00	Officer	$51,013	$24,798	$75,811
CODY HITCHCOCK	VICE PRESIDENT	40.00	Officer	$107,881	$10,799	$118,680
EDGARDO MOLINA	ASSISTANT VICE PRESIDENT	40.00	Officer	$114,244	$42,585	$156,829
RYAN VUCELIK	VICE PRESIDENT	40.00	Officer	$141,013	$53,708	$194,721
JOHANN ENRIQUE SCHNELL	VICE PRESIDENT	40.00	Officer	$171,963	$59,841	$231,804
DANA M ALBURY	KEY EMPLOYEE	40.00	Key Emp	$250,977	$69,947	$320,924

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	$15,826,625	$13,752,510	$40,009,716	$2,074,115
2024	$14,574,508	$12,599,784	$38,295,477	$1,974,724
2023	$13,374,087	$11,234,305	$36,221,825	$2,139,782
2022	$11,353,738	$10,797,785	$33,289,618	$555,953
2021	$9,639,658	$10,004,782	$33,688,397	$-365,124
2020	$9,445,071	$9,125,331	$33,323,090	$319,740
2019	$9,251,205	$8,574,027	$32,542,108	$677,178
2018	$9,225,875	$8,602,188	$31,253,302	$623,687

FLORIDA BUSINESS DEVELOPMENT CORP