THE COSAC FOUNDATION INC (EIN 650745597) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

SEAN CONONIE

Phone

9549243571

Tax Period

2024-01-01 to 2024-12-31

THE COSAC FOUNDATION INC, founded in 1998, is a small nonprofit in the Human Services sector that reported $869K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $978K exceeded revenue, resulting in a 13% operating deficit.

Mission

IMPROVE THE QUALITY OF LIFE FOR THE POOR AND HOMELESS IN FLORIDA, TO PROVIDE A MODEL FOR HOMELESS FACILITIES TO HELP INDIVIDUALS AND FAMILIES IN NEED. THE LAST RESORT FOR MANY DESPERATE INDIVIDUALS IN THE STATE OF FLORIDA.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $144,540

Program Service Revenue $639,870

Investment Income $0

Other Revenue $85,000

TOTAL REVENUE $869,410

Expense Breakdown

Grants Paid $0

Salaries & Benefits $239,046

Fundraising Expenses $0

Program Expenses $931,326

Other Expenses $739,344

TOTAL EXPENSES $978,390

Year-over-Year Comparison

	2024	2023	Change
Revenue	$869,410	$670,742	+0.3%
Expenses	$978,390	$981,785	0.0%
Net Income	$-108,980	$-311,043	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$217,200

Total Directors

$139,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK TARGETT	CTO	40.00	Officer Director	$88,800	$0	$88,800
SEAN CONINIE	DIRECTOR	40.00	Officer Director	$50,400	$0	$50,400
SARA TARGETT	EMPLOYEE	40.00	Officer	$78,000	$0	$78,000

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	$869,410	$978,390	$955,796	$-108,980
2023	$670,742	$981,785	$1,242,687	$-311,043
2023	$670,742	$981,785	$1,242,687	$-311,043
2022	$660,635	$1,079,899	$980,040	$-419,264
2021	$725,989	$1,040,225	$1,016,495	$-314,236
2020	$1,202,222	$800,722	$989,766	$401,500
2020	$1,202,222	$821,602	$966,651	$380,620
2019	$932,140	$1,013,237	$400,165	$-81,097

THE COSAC FOUNDATION INC