FLORIDA CENTER FOR GOVERNMENT ACCOUNTABILITY INC

EIN: 862135203 501(c)(3)

TALLAHASSEE, FL

Total Revenue
$302,941
Total Expenses
$371,382
Total Assets
$73,871
Net Assets
$62,715
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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
2021
Legal Domicile
FL
Principal Officer
NICK PENNIMAN
Phone
8506345010
Tax Period
2025-01-01 to 2025-12-31

FLORIDA CENTER FOR GOVERNMENT ACCOUNTABILITY INC, founded in 2021, is a small nonprofit that reported $303K in total revenue in fiscal year 2025. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $371K exceeded revenue, resulting in a 23% operating deficit.

Mission

THE ORGANIZATION WILL OPERATE FOR THE PURPOSE OF BENEFITING THE PUBLIC INTEREST BY ENCOURAGING GOVERNMENT ACCOUNTABILITY AND CIVIC ENGAGEMENT BY: 1. OPEN GOVERNMENT AND JOURNALISTIC INITIATIVES; 2. EDUCATING CITIZENS AND THE MEDIA ON STATE OPEN GOVERNMENT LAWS AND ASSIST IN ACQUIRING PUBLIC RECORDS PURSUANT TO THOSE LAWS; 3. ENGAGING IN PUBLISHING ACTIVITIES INCLUDING BUT NOT LIMITED TO THE PRINTING, PUBLICATION, AND DISTRIBUTION OF ORIGINAL MATERIAL OR MATERIAL PRINTED OR PUBLISHED BY OTHERS AND DISTRIBUTED BY THE ORGANIZATION; AND 4. EDUCATING AND TRAINING JOURNALISM AND LAW STUDENTS THROUGH YEAR-ROUND INTERNSHIP PROGRAMS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $302,941
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $302,941

Expense Breakdown

Grants Paid $0
Salaries & Benefits $218,408
Fundraising Expenses $25,421
Program Expenses $283,329
Other Expenses $152,974
TOTAL EXPENSES $371,382

Year-over-Year Comparison

2025 2024 Change
Revenue $302,941 $274,862 +0.1%
Expenses $371,382 $265,601 +0.4%
Net Income $-68,441 $9,261 -8.4%
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

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Governance

Voting Members
5
Independent Members
5
Employees
5
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
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GILBERT KING TRUSTEE N/A
Director
$0 $0 $0
NICK PENNIMAN CHAIRMAN N/A
Officer Director
$0 $0 $0
DIANE ROBERTS SECRETARY N/A
Officer Director
$0 $0 $0
R CRAIG WATERS TRUSTEE/GEN N/A
Director
$0 $0 $0
DOUG WILES TREASURER N/A
Officer Director
$0 $0 $0
BARBARA PETERSEN CEO N/A
Officer
$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 $302,941 $371,382 $73,871 $-68,441
2024 $274,862 $265,601 $131,156 $9,261
2023 $273,592 $188,870 $121,895 $84,722
2022 $134,900 $120,106 $37,173 $14,794
2021 $102,076 $79,697 $22,379 $22,379
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