FLORIN ROAD PARTNERSHIP 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

1996

Legal Domicile

Phone

9164244230

Tax Period

2024-01-01 to 2024-12-31

FLORIN ROAD PARTNERSHIP INC, founded in 1996, is a small nonprofit that reported $682K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $899K exceeded revenue, resulting in a 32% operating deficit.

Mission

THE ORGANIZATION IS A NON-PROFIT PRIVATE/PUBLIC PARTNERSHIP ORGANIZATION PROVIDING LEADERSHIP, SERVICES AND PROGRAMS TO IMPROVE THE IMAGE AND ECONOMIC VITALITY OF THE FLORIN ROAD BUSINESS DISTRICT THROUGH THE FORMATION OF A PROPERTY-BASED BUSINESS IMPROVEMENT DISTRICT.

Program Service Accomplishments

Program 1

Expenses: $278,122

SECURITY AND SAFETY: SECURITY PATROLS AND MAINTENANCE SERVICES ARE CONTRACTED AND PROVIDED FOR THE CORRIDOR.

Program 2

Expenses: $203,959

STREETSCAPE DESIGN AND IMPLEMENTATION: INITIATIVE CAPITALIZES ON FLORIN ROAD'S POTENTIAL TO CREATE A DISTINCTIVE LOOK FOR THE BUSINESS DISTRICT DESIGN AND PURSUES NEW STREETSCAPE IMPROVEMENTS TO...

STREETSCAPE DESIGN AND IMPLEMENTATION: INITIATIVE CAPITALIZES ON FLORIN ROAD'S POTENTIAL TO CREATE A DISTINCTIVE LOOK FOR THE BUSINESS DISTRICT DESIGN AND PURSUES NEW STREETSCAPE IMPROVEMENTS TO BEAUTIFY THE BUSINESS DISTRICT AND TO FORTIFY A NEW POSITIVE IMAGE FOR THE AREA. BEAUTIFICATION IMPROVEMENTS INCLUDE SUCH ITEMS AS LANDSCAPING, TREE ADDITIONS, AND NEW SIGNS. STREETSCAPE IMPROVEMENTS ARE VISIBLE OBJECTS THAT HELP ATTRACT CUSTOMERS AND TENANTS AS WELL AS IMPROVE COMMUNITY PRIDE. DURING THE YEAR.

Program 3

Expenses: $126,111

MARKETING AND PROMOTION: MARKETING EFFORTS INCLUDE PROMOTING A POSITIVE IMAGE FOR FLORIN ROAD, FORTIFYING EXISTING MARKETING INFORMATION TO ASSIST PROPERTY OWNERS AND REAL ESTATE PROFESSIONALS TO...

MARKETING AND PROMOTION: MARKETING EFFORTS INCLUDE PROMOTING A POSITIVE IMAGE FOR FLORIN ROAD, FORTIFYING EXISTING MARKETING INFORMATION TO ASSIST PROPERTY OWNERS AND REAL ESTATE PROFESSIONALS TO SECURE TENANTS.

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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 $626,634

Program Service Revenue $55,406

Investment Income $20

Other Revenue $0

TOTAL REVENUE $682,060

Expense Breakdown

Grants Paid $0

Salaries & Benefits $204,007

Fundraising Expenses $0

Program Expenses $741,312

Other Expenses $694,924

TOTAL EXPENSES $898,931

Year-over-Year Comparison

	2024	2023	Change
Revenue	$682,060	$812,345	-0.2%
Expenses	$898,931	$779,573	+0.2%
Net Income	$-216,871	$32,772	-7.6%

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

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

$103,731

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COREY DEROO	Executive Dir.	40.00	Officer	$91,875	$11,856	$103,731
XOCHITL GOMEZ	Director	2.00	Director	$0	$0	$0
TOM DONALDSON	Director	2.00	Director	$0	$0	$0
GARY VICKERS	Director	2.00	Director	$0	$0	$0
JAIME R CERVANTES	Secretary	2.00	Director	$0	$0	$0
MARIANE SANTOS	Director	2.00	Director	$0	$0	$0
LUCRECIO RODRIGUEZ	Director	2.00	Director	$0	$0	$0
SALWA HASHWA	Vice President	2.00	Director	$0	$0	$0
BARBARA ETRICK	President	2.00	Director	$0	$0	$0
CHASE STREMSTERFER	Director	2.00	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
2024	$682,060	$898,931	$74,437	$-216,871
2023	$812,345	$779,573	$154,840	$32,772
2022	$653,241	$618,644	$123,442	$34,597
2021	$559,064	$572,160	$73,607	$-13,096
2020	$524,180	$521,618	$86,252	$2,562
2019	$472,426	$563,159	$91,594	$-90,733
2018	$447,050	$411,299	$193,430	$35,751