PENSACOLA, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
PROMOTE ECONOMIC DEVELOPMENT AND JOB CREATION IN ESCAMBIA COUNTY FL AND OTHER COUNTIES INCLUDED IN THE PENSACOLA STANDARD METROPOLITAN STATISTICAL AREA (SMSA)
DURING THE PAST YEAR FIRST PLACE PARTNERS HAS SUPPORTED ECONOMIC AND JOB GROWTH IN ESCAMBIA AND SANTA ROSA COUNTIES IN VARIOUS WAYS - THESE ACTIVITIES WERE A CONTINUATION OF THE PROJECTS STARTED IN...
DURING THE PAST YEAR FIRST PLACE PARTNERS HAS SUPPORTED ECONOMIC AND JOB GROWTH IN ESCAMBIA AND SANTA ROSA COUNTIES IN VARIOUS WAYS - THESE ACTIVITIES WERE A CONTINUATION OF THE PROJECTS STARTED IN 2019. WE PROVIDED DIRECT FUNDING TO SUBSCRIBE TO A NATIONAL DATA BASE TO SHOWCASE THE AVAILABLE SITES AND BUILDINGS IN THE TWO COUNTY REGION. DIRECT FUNDING WAS PROVIDED FOR THE HIRING OF A CONSULTANTING FIRM TO SET-UP APPOINMENTS WITH TARGET COMPANIES AT TRADE SHOWS. WE RESEARCHED AND WROTE A STRATEGIC PLAN FOR FLORIDAWEST - THE ECONOMIC DEVELOPMENT RECRUITMENT ORGANIZATION FOR ESCAMBIA COUNTY. WE ADVOCATED FOR A GOOD ECONOMIC GROWTH POLICY WITH THE FLORIDA LEGISLATURE, SUPPORTING INFRASTRUCTURE FUNDING FOR A NUMBER OF ITEMS RANGING FROM A NEW WASTEWATER TREATMENT PLANT FOR SANTA ROSA COUNTY TO ROAD IMPROVEMENTS FOR AN INDUSTRIAL PARK IN ESCAMBIA COUNTY. IN 2021 WE CONTINUED OUR ADVOCACY OF GOOD ECONOMIC GROWTH AND CONTINUED TO SUPPORT FUNDING FOR INFRASTRUCTURE PROJECTS WITHIN THE TWO COUNTY AREA. AS THE MILITARY HAS A SIGNIFICANT ECONOMIC IMPACT IN THE TWO COUNTY AREA IT IS CRITICAL TO PROTECT AND GROW THE DEFENSE INDUSTRY'S PRESENCE IN ESCAMBIA AND SANTA ROSA COUNTY. WE HAVE PARTNERED WITH FLORIDAWEST TO ENGAGE A CONSULTANT TO PERFORM A STRENGTHS, WEAKNESSES, OPPORTUNITIES, AND THREATS (SWOT) ANALYSIS TARGETING THE DEPARTMENT OF NAVY INSTALLATIONS IN ESCAMBIA AND SANTA ROSA COUNTY. THIS PROCESS WILL SHED LIGHT ON BOTH THE CHALLENGES AND THE OPPORTUNITIES EACH INSTALLATION IS FACING AND WILL GIVE OUR ORGINIZATION VISIBILITY INTO WHERE OUR CAPABILITIES CAN BE BEST LEVERAGED TO SUPPORT NAS PENSACOLA AND NAS WHITING FIELD. IN 2022 THE SWOT ANALYSIS WAS COMPLETED ABD SHARED WITH THE VARIOUS ECONOMIC DEVELOPMENT ORGANIZATIONS IN SANTA ROSA AND ESCAMBIA COUNTIES. IT WAS DETERMINED THAT ANOTHER ORGANIZATION WILL BE FORMED TO ACT ON THE OPPERTUITIES THAT THE ANALYSIS IDENTIFED.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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