FLORIDA NEXT FOUNDATION D/B/A SYNA… - Form 990 Financial Data

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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

2011

Legal Domicile

Principal Officer

BRIAN KORNFELD

Phone

7274156705

Tax Period

2023-05-01 to 2024-04-30

FLORIDA NEXT FOUNDATION D/B/A SYNAPSE FLORIDA, founded in 2011, is a small nonprofit in the Public & Societal Benefit sector that reported $803K in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring.

Mission

SYNAPSE CONNECTS ENTREPRENEURS, TALENT, INVESTORS, CORPORATIONS, EDUCATION INSTITUTIONS, AND OTHER STAKEHOLDERS TO ACCELERATE SUCCESS IN FLORIDA'S THRIVING ECONOMIES.

Program Service Accomplishments

Program 1

Expenses: $567,461 Revenue: $658,738

THE SYNAPSE SUMMIT BRINGS TOGETHER THE BEST PEOPLE, IDEAS, AND TECHNOLOGIES. HELD AT TAMPA BAY'S AMALIE ARENA, THE SUMMIT IS AN EVENT THAT PROVIDES TWO DAYS OF IN-DEPTH LEARNING, EXPLORING...

THE SYNAPSE SUMMIT BRINGS TOGETHER THE BEST PEOPLE, IDEAS, AND TECHNOLOGIES. HELD AT TAMPA BAY'S AMALIE ARENA, THE SUMMIT IS AN EVENT THAT PROVIDES TWO DAYS OF IN-DEPTH LEARNING, EXPLORING, NETWORKING, AND CELEBRATING THE POSSIBILITIES OF TECHNOLOGY AND INNOVATION. SUMMIT ATTENDEES CAN MEET FLORIDA'S MOST CREATIVE MINDS, LEARN FROM THEM, AND BUILD THEIR OWN NETWORK.

Program 2

Expenses: $141,922 Revenue: $144,601

THE 2023 SYNAPSE ORLANDO BROUGHT TOGETHER THOUGHT LEADERS FROM ALL LEVELS OF THE INNOVATION ECOSYSTEM. OVER 50+ SPEAKERS DELIVERED A FULL DAY OF SESSIONS DESIGNED TO GIVE EVERY SINGLE ATTENDEE AN...

THE 2023 SYNAPSE ORLANDO BROUGHT TOGETHER THOUGHT LEADERS FROM ALL LEVELS OF THE INNOVATION ECOSYSTEM. OVER 50+ SPEAKERS DELIVERED A FULL DAY OF SESSIONS DESIGNED TO GIVE EVERY SINGLE ATTENDEE AN INFORMATION PACKED SCHEDULE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $803,339

Investment Income $0

Other Revenue $0

TOTAL REVENUE $803,339

Expense Breakdown

Grants Paid $0

Salaries & Benefits $464,397

Fundraising Expenses $0

Program Expenses $709,383

Other Expenses $411,662

TOTAL EXPENSES $876,059

Year-over-Year Comparison

	2023	2022	Change
Revenue	$803,339	$1,510,825	-0.5%
Expenses	$876,059	$1,613,611	-0.5%
Net Income	$-72,720	$-102,786	-0.3%

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
KATHY BOWMAN	CHAIR	5.00	Officer Director	$0	$0	$0
BRIAN KORNFELD	TREASURER	40.00	Officer Director	$0	$0	$0
NED POPE	SECRETARY	5.00	Officer Director	$0	$0	$0
LAUREN PRAGER	DIRECTOR	5.00	Director	$0	$0	$0
JP DUBUQUE	DIRECTOR	5.00	Director	$0	$0	$0
RACHEL FEINMAN	DIRECTOR	5.00	Director	$0	$0	$0
DAN GRECO	DIRECTOR	5.00	Director	$0	$0	$0
DANIELLE MOUSSEAU	DIRECTOR	5.00	Director	$0	$0	$0
PAUL SOHL	DIRECTOR	5.00	Director	$0	$0	$0
TJ VILLAMIL	DIRECTOR	5.00	Director	$0	$0	$0
RICH HERUSKA	DIRECTOR	5.00	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
2025	No data	No data	No data	No data
2024	$803,339	$876,059	$150,079	$-72,720
2023	$1,510,825	$1,613,611	$276,293	$-102,786
2022	$1,341,167	$1,314,327	$359,911	$26,840
2021	$694,517	$604,629	$257,966	$89,888
2020	$1,709,891	$1,768,644	$363,868	$-58,753
2019	$1,086,897	$1,034,987	$147,162	$51,910

FLORIDA NEXT FOUNDATION D/B/A SYNAPSE FLORIDA