THE FLORIDA HEMP COUNCIL INC

EIN: 842021967

DAVIE, FL

Total Revenue
$200,820
Total Expenses
$181,081
Total Assets
$20,961
Net Assets
$19,739
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
FL
Principal Officer
CHRIS MARTINEZ
Phone
8334354367
Tax Period
2019-06-01 to 2019-12-31

THE FLORIDA HEMP COUNCIL INC, founded in 2019, is a small nonprofit that reported $201K in total revenue in fiscal year 2019. Expenses of $181K left a modest 10% surplus.

Mission

THE MISSION OF THE FLORIDA HEMP COUNCIL (FLHC) IS TO CREATE A THRIVING ECOSYSTEM AIMED AT CATAPULTING THE FLORIDA HEMP INDUSTRY TO THE FOREFRONT AS LEADERS IN HEMP AND HEMP PRODUCT PRODUCTION. WE REPRESENT ALL CHANNELS OF THE STATE'S ECONOMIC ENGINE, FROM FARMERS TO RETAILERS, AND EVERYONE IN-BETWEEN AND HELP EVERYONE STAY CONNECTED TO EACH OTHER.

Program Service Accomplishments

Program 1
Expenses: $181,081 Revenue: $200,820

CREATING A THRIVING ECOSYSTEM AIMED AT CATAPULTING THE FLORIDA HEMP INDUSTRY TO THE FOREFRONT AS LEADERS IN HEMP AND HEMP PRODUCT PRODUCTION BY REPRESENTING ALL CHANNELS OF THE STATE'S ECONOMIC...

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CREATING A THRIVING ECOSYSTEM AIMED AT CATAPULTING THE FLORIDA HEMP INDUSTRY TO THE FOREFRONT AS LEADERS IN HEMP AND HEMP PRODUCT PRODUCTION BY REPRESENTING ALL CHANNELS OF THE STATE'S ECONOMIC ENGINE, FROM FARMERS TO RETAILERS TO HELP ALL CHANNELS STAY CONNECTED TO ONE ANOTHER.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $200,820
Investment Income $0
Other Revenue $0
TOTAL REVENUE $200,820

Expense Breakdown

Grants Paid $0
Salaries & Benefits $113,605
Fundraising Expenses $0
Program Expenses $181,081
Other Expenses $67,476
TOTAL EXPENSES $181,081

Year-over-Year Comparison

2019 2018 Change
Revenue $200,820 N/A N/A
Expenses $181,081 N/A N/A
Net Income $19,739 N/A N/A
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
2
Volunteers
12

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
1
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS MARTINEZ EXECUTIVE DIRECTOR/BOARD CHAIR 0.25
Officer Director
$0 $0 $0
ARBY BARROSO BOARDMEMBER 0.25
Director
$0 $0 $0
GABRIEL SUAREZ BOARDMEMBER 0.25
Director
$0 $0 $0
BRUCE VANAMAN BOARDMEMBER 0.25
Director
$0 $0 $0
DAVID SMITH BOARDMEMBER 0.25
Director
$0 $0 $0
CHRISTIAN GRAUBARD BOARDMEMBER 0.25
Director
$0 $0 $0
SARAH GROVES BOARDMEMBER 0.25
Director
$0 $0 $0
MIKE BLUME BOARDMEMBER 0.25
Director
$0 $0 $0
HUSSEIN RAKINE BOARDMEMBER 0.25
Director
$0 $0 $0
BRIAN DICKERSON BOARDMEMBER 0.25
Director
$0 $0 $0
DUREE ROSS BOARDMEMBER 0.25
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
2019 $200,820 $181,081 $20,961 $19,739
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