THE ADVANCE COMMUNITY OUTREACH CEN… - 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

2016

Legal Domicile

Principal Officer

WANDA RIOS

Phone

4079683442

Tax Period

2023-01-01 to 2023-12-31

THE ADVANCE COMMUNITY OUTREACH CENTER INC, founded in 2016, is a community nonprofit in the Community Improvement sector that reported $1.8M in total revenue in fiscal year 2023. Expenses of $2.0M exceeded revenue, resulting in a 14% operating deficit.

Mission

Promote the welfare of the elderly, with different condition and give their families access to information and services to improve the quality of their lives, providing opportunities for participation & support of the community.

Program Service Accomplishments

Program 1

Expenses: $1,555,890 Revenue: $1,687,500

FOOD DISTRIBUTION A.C.C provides food bank and delivery programs for the community of Osceola County. Mobile Food Bank (for a Community of around 600 families Monthly). Emergency Food bank for...

FOOD DISTRIBUTION A.C.C provides food bank and delivery programs for the community of Osceola County. Mobile Food Bank (for a Community of around 600 families Monthly). Emergency Food bank for low-income families or those without employment. Home Delivery for the Disabled without transportation (once a month). Lunches for seniors participating in Advance Seniors Center Monday through friday

Program 2

Expenses: $3,321 Revenue: $1,115

RENTAL ASSISTANCE (RENT & OTHER FINANCIAL ASSIST)

Program 3

Expenses: $12,177 Revenue: $6,481

Senior Center Program Health Plans, Nutrition Plans, and Exercise Plans PREPARED MEALS FOR THE EVENTS

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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 $1,752,842

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,752,842

Expense Breakdown

Grants Paid $1,817,246

Salaries & Benefits $28,939

Fundraising Expenses $0

Program Expenses $1,571,388

Other Expenses $157,335

TOTAL EXPENSES $2,003,520

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,752,842	$1,784,642	0.0%
Expenses	$2,003,520	$1,422,723	+0.4%
Net Income	$-250,678	$361,919	-1.7%

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

$23,400

Total Directors

$2,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WANDA RIOS	PRESIDENT	040.00	Officer	$23,400	$0	$23,400
MARICARMEN MELENDEZ	SECRETARY	006.00	Director	$0	$0	$0
NORBERTO FONSECA	EXECUTIVE DIRECTOR	040.00	Director	$2,200	$0	$2,200
MARIE PALACIOS	MEMBER	006.00	Director	$0	$0	$0
ELDY V GONZALEZ	TREASURER	006.00	Director Key Emp	$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	No data	No data	No data	No data
2023	$1,752,842	$2,003,520	$309,679	$-250,678
2022	$1,784,642	$1,422,723	$566,548	$361,919
2021	$336,662	$183,453	$221,998	$153,209

THE ADVANCE COMMUNITY OUTREACH CENTER INC