FLORIDA FOUNDATION FOR CORRECTIONA… - Form 990 Financial Data

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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

2020

Legal Domicile

Principal Officer

ERICA SPIVEY

Phone

8505669941

Tax Period

2024-07-01 to 2025-06-30

FLORIDA FOUNDATION FOR CORRECTIONAL EXCELLENCE INC, founded in 2020, is a small nonprofit in the Crime & Legal sector that reported $827K in total revenue in fiscal year 2024. Revenue surged 71% from the prior year, signaling strong growth momentum.

Mission

THE PURPOSE OF THE FOUNDATION IS TO SERVE AS A CATALYST TO IDENTIFY AND ADDRESS CRITICAL ISSUES WHICH IMPACT PUBLIC SAFETY, PROGRAMS, AND THE REENTRY OF INMATES AND OFFENDERS WHO ARE UNDER THE SUPERVISION OF THE FLORIDA DEPARTMENT OF CORRECTIONS. THE CORPORATION WILL BRIDGE THE GAP BETWEEN COMMUNITY RESOURCES AND REENTRY NEEDS BY CONNECTING PRIVATE AND PUBLIC PARTNERS, THEREBY INCREASING INVESTMENT IN PUBLIC CORRECTIONAL RE-ENTRY AND WORKFORCE TRAINING PROGRAMS THAT SUPPORT PUBLIC SAFETY AND HEALTHY FLORIDA COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $670,956

FLORIDA FOUNDATION FOR CORRECTIONAL EXCELLENCE (FFCE) SUPPORTS AND ADVANCES THE MISSION OF THE FLORIDA DEPARTMENT OF CORRECTIONS (FDC) BY ENHANCING PROGRAMS THAT IMPROVE REHABILITATION, REENTRY, AND PUBLIC SAFETY OUTCOMES.FFCE INVESTS IN INITIATIVES IDENTIFIED AND PRIORITIZED BY FDC TO EXPAND CAREER READINESS, JOB PLACEMENT, INDUSTRY CREDENTIALING, AND EDUCATIONAL OPPORTUNITIES FOR INCARCERATED AND SUPERVISED INDIVIDUALS. THE ORGANIZATION FACILITATES THE DEVELOPMENT AND DELIVERY OF CERTIFICATE AND TRAINING PROGRAMS ALIGNED WITH WORKFORCE NEEDS AND REENTRY SUCCESS.AT THE REQUEST OF FDC, FFCE IS FURTHER ENGAGED IN STRENGTHENING COMMUNITY AND EMPLOYER PARTNERSHIPS TO ENHANCE IN-FACILITY PROGRAMMING AND CREATE DIRECT LABOR PIPELINES FOR REENTRY. FFCE ALSO PROVIDES RESOURCES AND MATERIAL SUPPORT FOR EDUCATIONAL AND TECHNICAL TRAINING INITIATIVES IDENTIFIED BY THE FDC AS ESSENTIAL TO WORKFORCE PREPARATION AND SUCCESSFUL REINTEGRATION.

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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 $808,973

Program Service Revenue $0

Investment Income $18,285

Other Revenue $0

TOTAL REVENUE $827,258

Expense Breakdown

Grants Paid $349,446

Salaries & Benefits $226,417

Fundraising Expenses $2,500

Program Expenses $670,956

Other Expenses $247,765

TOTAL EXPENSES $826,128

Year-over-Year Comparison

	2024	2023	Change
Revenue	$827,258	$485,052	+0.7%
Expenses	$826,128	$413,803	+1.0%
Net Income	$1,130	$71,249	-1.0%

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

$218,900

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN GAY	CHAIR	1.00	Officer Director	$0	$0	$0
DENVER STUTLER	PAST CHAIR/VICE CHAIR	1.00	Officer Director	$0	$0	$0
JON MCGAVIN	TREASURER	1.00	Officer Director	$0	$0	$0
MARK REYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
BREWSTER BEVIS	DIRECTOR	1.00	Director	$0	$0	$0
DOUG DEASON	DIRECTOR	1.00	Director	$0	$0	$0
MARK INCH	DIRECTOR	1.00	Director	$0	$0	$0
VICKI LOPEZ	DIRECTOR	1.00	Director	$0	$0	$0
NEWTON SANON	DIRECTOR	1.00	Director	$0	$0	$0
ROB HARDWICK	DIRECTOR	1.00	Director	$0	$0	$0
PRESTON SCOTT	DIRECTOR UNTIL 4/23/2025	1.00	Director	$0	$0	$0
JOSH SMITH	DIRECTOR UNTIL 7/9/2025	1.00	Director	$0	$0	$0
NOELLE MANASCO	ASSOCIATE DIRECTOR/SECRETARY	40.00	Officer	$78,000	$0	$78,000
ERICA SPIVEY	EXECUTIVE DIRECTOR	40.00	Officer	$132,200	$8,700	$140,900

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	$827,258	$826,128	$790,765	$1,130
2024	$485,052	$413,803	$707,299	$71,249
2023	$504,787	$497,103	$352,014	$7,684

FLORIDA FOUNDATION FOR CORRECTIONAL EXCELLENCE INC