CONNECTED POLK INC

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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

2019

Legal Domicile

Principal Officer

DAVID D HALLOCK JR

Phone

8639440412

Tax Period

2024-01-01 to 2024-12-31

CONNECTED POLK INC, founded in 2019, is a small nonprofit that reported $404K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $391K left a modest 3% surplus.

Mission

CONNECTED POLK IS COMMITTED TO TRANSFORMING POLK COUNTY'S EDUCATIONAL LANDSCAPE BY ENGAGING THE BUSINESS COMMUNITY. CONNECTED POLK'S MISSION IS TO ENHANCE HIGH SCHOOL AND POST-SECONDARY GRADUATES' PREPAREDNESS, MAKING POLK COUNTY A PREMIER DESTINATION FOR FAMILIES AND BUSINESSES THROUGH INNOVATIVE EDUCATIONAL PRACTICES AND STRONG INDUSTRY PARTNERSHIPS.

Program Service Accomplishments

Program 1

Expenses: $293,022 Revenue: $0

CONNECTED POLK IS AN INTERMEDIARY NON-PROFIT THAT COLLABORATES WITH EDUCATIONAL INSTITUTIONS, INDUSTRY PARTNERS, AND COMMUNITY STAKEHOLDERS TO ENHANCE GRADUATE PREPAREDNESS. CONNECTED POLK FOCUSES ON CREATING EQUAL OPPORTUNITIES FOR HIGH-QUALITY EDUCATION MODELS AND ALIGNING EDUCATION WITH ACCESS TO THE CONNECTED POLK NETWORK, EMPOWERING STUDENTS FOR FUTURE CAREERS.CONNECTED POLK ENVISIONS EVERY STUDENT IN POLK COUNTY HAVING ACCESS TO HIGH-RANKING SCHOOLS THAT PROVIDE QUALITY EDUCATION, CREATING WELL-PREPARED GRADUATES FOR OUR GROWING ECONOMY. BY SUPPORTING CONNECTED POLK, WE DRIVE EDUCATIONAL INNOVATION, ENHANCE CAREER READINESS, EXPAND ACCESS TO QUALITY EDUCATIONAL OPPORTUNITIES, AND STRENGTHEN COMMUNITY TIES FOR A DYNAMIC, INCLUSIVE EDUCATIONAL FUTURE.BY EQUIPPING STUDENTS WITH REAL-WORLD KNOWLEDGE AND CAREER EXPERIENCES, CONNECTED POLK FOSTERS LOYALTY TO THE ORGANIZATIONS AND SECTORS THAT INVEST IN THEIR GROWTH. STANDING ALONGSIDE EDUCATORS AND INDUSTRY LEADERS, WE WORK IN PARTNERSHIP TO DEVELOP A SKILLED, CAREER-READY WORKFORCE FOR TOMORROW.OUR FOCUS IS ON CREATING SUSTAINABLE, SCALABLE, AND EQUAL ACCESS TO CAREER READINESS OPPORTUNITIES. THROUGH INDUSTRY-DRIVEN ENGAGEMENT, WE INSPIRE AND EDUCATE STUDENTS ABOUT HIGH-DEMAND CAREERS WHILE STRENGTHENING POLK COUNTY'S BUSINESS CLIMATE AND LONG-TERM ECONOMIC FUTURE.TARGET CONNECTED POLK PROGRAMMING AREAS: 1. CONTINUOUS ADVANCEMENT IN EDUCATION2. COMMUNITY INVESTMENT3. ELEVATE BUSINESS PARTNERSHIPS4. EXPECTATIONS, ACCESS, AND AVAILABILITY

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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 $408,125

Program Service Revenue $0

Investment Income $1,004

Other Revenue $-4,842

TOTAL REVENUE $404,287

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $298,430

Fundraising Expenses $0

Program Expenses $293,022

Other Expenses $90,268

TOTAL EXPENSES $390,698

Year-over-Year Comparison

	2024	2023	Change
Revenue	$404,287	$320,100	+0.3%
Expenses	$390,698	$341,661	+0.1%
Net Income	$13,589	$-21,561	-1.6%

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

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

$198,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID D HALLOCK JR	CHAIRMAN	3.00	Officer Director	$0	$0	$0
ASHLEY BELL BARNETT	SECRETARY	2.00	Officer Director	$0	$0	$0
TODD BAYLIS	DIRECTOR	2.00	Director	$0	$0	$0
MARCY BENTON	DIRECTOR	2.00	Director	$0	$0	$0
ALICE HUNT	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN PHILPOTT	DIRECTOR	2.00	Director	$0	$0	$0
JEFF CHAMBERLAIN	DIRECTOR	2.00	Director	$0	$0	$0
JACK HARRELL	DIRECTOR (THRU 7/24)	2.00	Director	$0	$0	$0
MELODY RIDER	PRESIDENT	40.00	Officer	$198,000	$0	$198,000

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	$404,287	$390,698	$98,243	$13,589
2023	$320,100	$341,661	$85,838	$-21,561
2022	$142,935	$186,520	$106,430	$-43,585
2021	$229,990	$186,227	$149,984	$43,763
2020	$250,000	$186,083	$129,657	$63,917
2019	$252,500	$210,380	$50,441	$42,120