FIRST PLACE PARTNERS INC (EIN 821918684) - 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

2017

Legal Domicile

Principal Officer

ED CARSON

Phone

8504358300

Tax Period

2024-01-01 to 2024-12-31

FIRST PLACE PARTNERS INC, founded in 2017, is a micro nonprofit in the Community Improvement sector that reported $6K in total revenue in fiscal year 2024. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $41K exceeded revenue, resulting in a 577% operating deficit.

Mission

PROMOTE ECONOMIC DEVELOPMENT AND JOB CREATION IN ESCAMBIA COUNTY FL AND OTHER COUNTIES INCLUDED IN THE PENSACOLA STANDARD METROPOLITAN STATISTICAL AREA (SMSA)

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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 $6,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $40,148

Other Expenses $40,610

TOTAL EXPENSES $40,610

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,000	$28,500	-0.8%
Expenses	$40,610	$59,081	-0.3%
Net Income	$-34,610	$-30,581	+0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ED CARSON	PRESIDENT	3.00	Officer	$0	$0	$0
LOGAN DEVRIES	TREASURER	1.00	Officer	$0	$0	$0
STEVE RHODES	VICE PRESIDENT	1.00	Officer	$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	$6,000	$40,610	$25,927	$-34,610
2022	$77,000	$140,122	$91,118	$-63,122
2021	$139,500	$53,790	$154,240	$85,710
2020	$64,000	$96,248	$68,530	$-32,248
2019	$85,000	$74,290	$100,778	$10,710
2018	$94,500	$82,366	$90,068	$12,134

FIRST PLACE PARTNERS INC