SAVING THE SUNSHINE STATE

EIN: 853305883 501(c)(3) Housing & Shelter

Bradenton, FL

Total Revenue
$648,162
Total Expenses
$840,174
Total Assets
$1,612,717
Net Assets
$210,645
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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
FL
Principal Officer
Angela Wilson
Phone
9414658001
Tax Period
2024-01-01 to 2024-12-31

SAVING THE SUNSHINE STATE, founded in 2020, is a small nonprofit in the Housing & Shelter sector that reported $648K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $840K exceeded revenue, resulting in a 30% operating deficit.

Mission

To provide Low Income Housing and clean EV transportation for needy individuals.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $648,162
Investment Income $0
Other Revenue $0
TOTAL REVENUE $648,162

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $840,174
Other Expenses $840,174
TOTAL EXPENSES $840,174

Year-over-Year Comparison

2024 2023 Change
Revenue $648,162 $598,910 +0.1%
Expenses $840,174 $378,038 +1.2%
Net Income $-192,012 $220,872 -1.9%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
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
3
$0
Total Directors
2
$0
Key Employees
3
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nicholas Hernandez CFO 40
Officer Director Key Emp
$0 $0 $0
Justin Cortopassi CTO 40
Officer Director Key Emp
$0 $0 $0
Angela Wilson CEO 40
Officer Key Emp
$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
2024 $648,162 $840,174 $1,612,717 $-192,012
2023 $598,910 $378,038 $1,801,096 $220,872
2022 $397,312 $385,563 $963,088 $11,749
2021 $303,671 $181,256 $701,519 $122,415
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