FLORIDA CITRUS SPORTS VENTURES 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

2020

Legal Domicile

Principal Officer

STEVEN J HOGAN

Phone

4074232476

Tax Period

2024-04-01 to 2025-03-31

FLORIDA CITRUS SPORTS VENTURES INC, founded in 2020, is a mid-sized nonprofit in the Community Improvement sector that reported $26.2M in total revenue in fiscal year 2024. Revenue surged 179% from the prior year, signaling strong growth momentum. Expenses of $23.4M left a modest 11% surplus.

Mission

TO ORGANIZE, PROMOTE AND MANAGE THE FLORIDA CUP/FC SERIES AND USE SUCH EVENT TO INCREASE COMMUNITY SPIRIT AND PRIDE, PROMOTE TOURISM AND STIMULATE THE LOCAL ECONOMY WHILE ULTIMATELY BENEFITTING CHARITIES, EDUCATIONAL INSTITUTIONS AND THE QUALITY OF LIFE IN CENTRAL FLORIDA.

Program Service Accomplishments

Program 1

Expenses: $22,786,176 Revenue: $26,020,527

IN COOPERATION WITH FLORIDA CITRUS SPORTS EVENTS, A RELATED TAX-EXEMPT ORGANIZATION, FLORIDA CITRUS SPORTS VENTURES SPONSORS THE SUPPORT FOR THE ANNUAL FLORIDA CUP/FC SERIES INTERNATIONAL SOCCER...

IN COOPERATION WITH FLORIDA CITRUS SPORTS EVENTS, A RELATED TAX-EXEMPT ORGANIZATION, FLORIDA CITRUS SPORTS VENTURES SPONSORS THE SUPPORT FOR THE ANNUAL FLORIDA CUP/FC SERIES INTERNATIONAL SOCCER TOURNAMENT. THIS EVENT HOSTS SOCCER CLUBS FROM ALL OVER THE WORLD TO COMPETE. THE EVENT PROVIDES NATIONAL EXPOSURE TO THE CENTRAL FLORIDA COMMUNITY AS WELL AS THE OTHER HOST CITIES INVOLVED.FLORIDA CITRUS SPORTS VENTURES, INC HOSTED THE 2025 NFL PRO BOWL IN ORLANDO. HOSTING THE EVENT PROVIDES NATIONAL EXPOSURE TO THE CENTRAL FLORIDA COMMUNITY AND HELPS DRIVE ECONOMIC IMPACT IN THE REGION. THE CONTRACT TO HOST THE GAME CONCLUDES FOLLOWING THE 2025 EVENT.

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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 $0

Program Service Revenue $26,020,527

Investment Income $193,404

Other Revenue $0

TOTAL REVENUE $26,213,931

Expense Breakdown

Grants Paid $45,405

Salaries & Benefits $0

Fundraising Expenses $144,527

Program Expenses $22,786,176

Other Expenses $23,310,142

TOTAL EXPENSES $23,355,547

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,213,931	$9,388,032	+1.8%
Expenses	$23,355,547	$8,253,244	+1.8%
Net Income	$2,858,384	$1,134,788	+1.5%

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

N/A

Volunteers

100

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

$1,163,561

Total Directors

Key Employees

$868,644

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARON LINE CLARY	PRESIDENT	0.10	Officer Director	$0	$0	$0
STEVE CASTINO	CHAIRMAN	0.10	Officer Director	$0	$0	$0
BRIAN COMES	PRESIDENT-ELECT	0.10	Officer Director	$0	$0	$0
ED DOUGHERTY	PAST CHAIRMAN	0.10	Director	$0	$0	$0
WAYNE SHEFFIELD	VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
JOE DOHER	VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
DOUG GEHRET	VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
JIM HUNTER	VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
TONY JENKINS	SECRETARY	0.10	Officer Director	$0	$0	$0
JOHN RIVERS	TREASURER	0.10	Officer Director	$0	$0	$0
PAUL MEARS III	PAST CHAIRMAN	0.10	Director	$0	$0	$0
JOHN ARIE JR	DIRECTOR	0.10	Director	$0	$0	$0
ADAM BALL	DIRECTOR	0.10	Director	$0	$0	$0
KIRT BOCOX	DIRECTOR	0.10	Director	$0	$0	$0
SCOTT CATHCART	DIRECTOR	0.10	Director	$0	$0	$0
KAREN CONNORS	DIRECTOR	0.10	Director	$0	$0	$0
KEVIN DARRENKAMP	DIRECTOR	0.10	Director	$0	$0	$0
TOM EWING	DIRECTOR	0.10	Director	$0	$0	$0
ELISHA GONZALEZ	DIRECTOR	0.10	Director	$0	$0	$0
HEATHER HOYTINK	DIRECTOR	0.10	Director	$0	$0	$0
JUSTIN KINSEY	DIRECTOR	0.10	Director	$0	$0	$0
DAN KIRBY	DIRECTOR	0.10	Director	$0	$0	$0
CLIFFORD LONG	DIRECTOR	0.10	Director	$0	$0	$0
GEORGIA LORENZ	DIRECTOR	0.10	Director	$0	$0	$0
JOAQUIN MARTINEZ	DIRECTOR	0.10	Director	$0	$0	$0
STEVEN MCCRANEY	DIRECTOR	0.10	Director	$0	$0	$0
ROBERT NORBY	DIRECTOR	0.10	Director	$0	$0	$0
BRIAN OSBURN	DIRECTOR	0.10	Director	$0	$0	$0
ALEJANDRO PEZZINI	DIRECTOR	0.10	Director	$0	$0	$0
WOODY RODRIGUEZ	DIRECTOR	0.10	Director	$0	$0	$0
ERIK SANKEY	DIRECTOR	0.10	Director	$0	$0	$0
KARL SCHMIDT	DIRECTOR	0.10	Director	$0	$0	$0
GREG SPENCER	DIRECTOR	0.10	Director	$0	$0	$0
ALLEN JOHNSON	DIRECTOR	0.10	Director	$0	$0	$0
STEVE HOGAN	CEO	10.00	Officer	$0	$41,668	$896,310
SIMON DOVER	CFO	10.00	Officer	$0	$28,273	$267,251
CLARK SHANNON	CCO	10.00	Key Emp	$0	$23,595	$318,833
MATTHEW REPCHAK	CMO	10.00	Key Emp	$0	$21,237	$294,315
GABRIEL PARK	EVP BUSINESS DEV	10.00	Key Emp	$0	$28,848	$255,496
JOE ANDRADE	SVP TICKET SALES	10.00	Highest	$0	$20,474	$160,187
CHRISSY ELLIOTT	EVP EVENT OPS	10.00	Highest	$0	$18,131	$166,449
BRIAN CREWS	SR DIR BUSINESS DEV	10.00	Highest	$0	$19,613	$140,869
MICHELLE SHELDON	SVP TICKET OPS	10.00	Highest	$0	$37,989	$158,020
NICHOLAS STEPP	DIRECTOR FINANCE	10.00	Highest	$0	$15,605	$134,106

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	$26,213,931	$23,355,547	$10,060,179	$2,858,384
2024	$9,388,032	$8,253,244	$4,682,200	$1,134,788
2023	$13,381,504	$12,462,028	$5,562,537	$919,476
2022	$3,513,659	$4,595,477	$5,324,536	$-1,081,818