FLORIDA HEARTLAND ECONOMIC REGION OF OPPORTUNITY INC(FHERO) (EIN 811760111) - 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

2016

Principal Officer

TERRY W BURROUGHS

Phone

8636976325

Tax Period

2024-10-01 to 2025-09-30

FLORIDA HEARTLAND ECONOMIC REGION OF OPPORTUNITY INC(FHERO), founded in 2016, is a small nonprofit in the Community Improvement sector that reported $479K in total revenue in fiscal year 2024. Revenue surged 281% from the prior year, signaling strong growth momentum. The organization ran a surplus of $195K, a strong 41% operating margin.

Mission

THE CORPORATION IS FORMED FOR THE PURPOSE OF ADVANCING THE GENERAL WELFARE AND ECONOMIC PROSPERITY OF THE COUNTIES WITHIN THE FLORIDA HEARTLAND AREA AND THE SURROUNDING AREAS SO THAT ITS CITIZENS AND THE BUSINESS COMMUNITY MAY PROSPER.

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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 $85,464

Program Service Revenue $392,825

Investment Income $257

Other Revenue $0

TOTAL REVENUE $478,546

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $283,059

TOTAL EXPENSES $283,059

Year-over-Year Comparison

	2024	2023	Change
Revenue	$478,546	$125,721	+2.8%
Expenses	$283,059	$219,834	+0.3%
Net Income	$195,487	$-94,113	-3.1%

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

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
TERRY W BURROUGHS	CHAIRMAN	N/A	Director	$0	$0	$0
RUSSELL MELENDY	VICE CHAIR	N/A	Officer 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	$478,546	$283,059	$405,551	$195,487
2024	$125,721	$219,834	$207,259	$-94,113
2023	$210,187	$187,959	$301,372	$22,228
2022	$167,644	$82,641	$279,144	$85,003
2021	$127,597	$123,177	$215,291	$4,420
2020	$239,859	$127,286	$210,871	$112,573
2019	$128,767	$168,728	$98,298	$-39,961

FLORIDA HEARTLAND ECONOMIC REGION OF OPPORTUNITY INC(FHERO)