Florida Economic Consortium Inc

EIN: 815028882 501(c)(3) Community Improvement

Altamonte Springs, FL

Total Revenue
$589,740
Total Expenses
$580,111
Total Assets
$82,519
Net Assets
$24,804
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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
2017
Legal Domicile
FL
Tax Period
2024-02-01 to 2025-01-31

Florida Economic Consortium Inc, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $590K in total revenue in fiscal year 2024.

Mission

FEC focuses on financial literacy, job training, education, and access to essential services, helping families build a brighter future. Through workshops, seminars, one-on-one counseling, and partnerships with local organizations, we deliver comprehensive support tailored to meet the unique needs of every family we serve.

Program Service Accomplishments

Program 1
Expenses: $548,188

The Florida Economic Consortium FEC has successfully advanced its exempt purposes by empowering families and strengthening communities through comprehensive economic support initiatives. We have...

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The Florida Economic Consortium FEC has successfully advanced its exempt purposes by empowering families and strengthening communities through comprehensive economic support initiatives. We have facilitated financial literacy workshops, job training programs, and educational opportunities, providing essential resources to families in need. FEC has also fostered partnerships with local organizations, delivering targeted assistance that promotes economic stability. Our efforts have positively impacted countless families, enhancing their ability to achieve financial independence and build stronger, more resilient communities across Florida.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $589,740
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $589,740

Expense Breakdown

Grants Paid $0
Salaries & Benefits $499,955
Fundraising Expenses $0
Program Expenses $548,188
Other Expenses $80,156
TOTAL EXPENSES $580,111

Year-over-Year Comparison

2024 2023 Change
Revenue $589,740 $558,639 +0.1%
Expenses $580,111 $621,370 -0.1%
Net Income $9,629 $-62,731 -1.2%
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

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Governance

Voting Members
6
Independent Members
N/A
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
0
$0
Total Directors
6
$89,063
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Roderick Love President 40.00
Director
$89,063 $0 $89,063
Lona Ford Vice President 1.00
Director
$0 $0 $0
Dwayne Smitty Director 1.00
Director
$0 $0 $0
Rikiese King Director 1.00
Director
$0 $0 $0
Richard King Director 1.00
Director
$0 $0 $0
Patrick Barber Director 1.00
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 $589,740 $580,111 $82,519 $9,629
2025 $744,203 $637,164 $196,724 $107,039
2023 $630,316 $668,309 $65,467 $-37,993
2021 $396,376 $307,701 $88,675 $88,675
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