FLORIDA ADVANCEMENT PROJECT INC (EIN 871719096) - Form 990 Financial Analysis & Trantor Score

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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

Principal Officer

RAYMOND PAULTRE

Phone

4076970823

Tax Period

2023-01-01 to 2023-12-31

FLORIDA ADVANCEMENT PROJECT INC, founded in 2021, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $3.3M left a modest 6% surplus.

Mission

TO PROMOTE SOCIAL WELFARE PRIMARILY BY DEVELOPING AND ADVOCATING FOR LEGISLATION, REGULATIONS, AND GOVERNMENT PROGRAMS TO IMPROVE THE ENVIRONMENT, ACCESS TO HEALTHCARE, STRONG PUBLIC SERVICES AND VOTING RIGHTS; CONDUCTING RESEARCH AND PUBLICIZING THE POSITIONS OF ELECTED OFFICIALS CONCERNING THESE ISSUES; AND COORDINATING AMONG PARTNER ORGANIZATIONS IN THE STATE WITH ALIGNED VALUES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,461,066

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,461,066

Expense Breakdown

Grants Paid $1,158,627

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,843,245

Other Expenses $2,102,249

TOTAL EXPENSES $3,260,876

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,461,066	$2,659,965	+0.3%
Expenses	$3,260,876	$2,650,770	+0.2%
Net Income	$200,190	$9,195	+20.8%

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

N/A

Employees

N/A

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

$251,500

Total Directors

$251,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAYMOND PAULTRE	EXECUTIVE DIRECTOR	5.00	Officer Director	$0	$0	$240,500
ALANI ADEKAMBI	TREASURER	5.00	Officer Director	$0	$0	$11,000
MELISSA LOPEZ	SECRETARY	5.00	Officer 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
2024	No data	No data	No data	No data
2023	$3,461,066	$3,260,876	$222,422	$200,190
2022	$2,659,965	$2,650,770	$22,232	$9,195
2021	$1,403,174	$1,390,137	$108,219	$13,037

FLORIDA ADVANCEMENT PROJECT INC