FLORIDA CONSOLIDATED DITCH CO (EIN 840204321) - 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

1889

Legal Domicile

Principal Officer

GARY ZELLITTI

Phone

9709466230

Tax Period

2025-01-01 to 2025-12-31

FLORIDA CONSOLIDATED DITCH CO, founded in 1889, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2025. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $152K, a strong 15% operating margin.

Mission

THE MAINTENANCE OF THE IRRIGATION DITCH SYSTEM

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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 (2025)

Revenue Breakdown

Contributions & Grants $356,529

Program Service Revenue $629,651

Investment Income $19,552

Other Revenue $2,802

TOTAL REVENUE $1,008,534

Expense Breakdown

Grants Paid $0

Salaries & Benefits $220,248

Fundraising Expenses $0

Program Expenses $785,375

Other Expenses $636,230

TOTAL EXPENSES $856,478

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,008,534	$1,178,673	-0.1%
Expenses	$856,478	$1,554,910	-0.4%
Net Income	$152,056	$-376,237	-1.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY ZELLITTI	PRESIDENT	1.50	Officer Director	$0	$0	$0
ROGER COLE	VICE PRESIDENT	1.50	Officer Director	$0	$0	$0
JAMESON BOBBIN	SECRETARY/TREASURER	1.50	Officer Director	$0	$0	$0
PHILLIP CRAIG	DIRECTOR	1.50	Director	$0	$0	$0
MAX THURSTON	DIRECTOR	1.50	Director	$0	$0	$0
RUSS KROEGER	DIRECTOR	1.50	Director	$0	$0	$0
MARK SHORT	DIRECTOR	1.50	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	$1,008,534	$856,478	$861,803	$152,056
2024	$1,178,673	$1,554,910	$702,244	$-376,237
2023	$920,248	$943,032	$562,243	$-22,784
2022	$702,914	$695,360	$401,384	$7,554
2022	$736,143	$695,360	$401,384	$40,783
2021	$674,182	$695,706	$343,691	$-21,524
2020	$803,834	$619,681	$365,216	$184,153
2019	$613,110	$752,264	$181,961	$-139,154
2018	$592,424	$592,688	$323,061	$-264

FLORIDA CONSOLIDATED DITCH CO