BUILDING FLORENCE TOGETHER CDC (EIN 881094522) - 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

2023

Legal Domicile

Principal Officer

MICHELLE MORGAN

Phone

8436653175

Tax Period

2024-07-01 to 2025-06-30

BUILDING FLORENCE TOGETHER CDC, founded in 2023, is a community nonprofit in the Community Improvement sector that reported $2.6M in total revenue in fiscal year 2024. Revenue surged 749% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.5M, a strong 96% operating margin.

Mission

TO ACTIVELY SEEK TO IMPROVE THE QUALITY OF LIFE FOR RESIDENTS AND CITIZENS OF THE CITY OF FLORENCE THROUGH ACTIVITIES DESIGNED TO ENCOURAGE AND FACILITATE THE REDEVELOPMENT AND REVITALIZATION OF NEIGHBORHOODS WITHIN THE CITY.

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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 $2,358,087

Program Service Revenue $107,270

Investment Income $114,441

Other Revenue $0

TOTAL REVENUE $2,579,798

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $50

Program Expenses $80,531

Other Expenses $116,046

TOTAL EXPENSES $116,046

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,579,798	$304,028	+7.5%
Expenses	$116,046	$7,977	+13.5%
Net Income	$2,463,752	$296,051	+7.3%

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

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

$100,000

Total Directors

$100,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LES ECHOLS	MEMBER	1.00	Director	$0	$0	$0
TYRON JONES	MEMBER	1.00	Director	$0	$0	$0
SUZANNE LA ROCHELLE	MEMBER	1.00	Director	$0	$0	$0
DEVON LONG	MEMBER	1.00	Director	$0	$0	$0
JAMMIE MCDONALD	MEMBER	1.00	Director	$0	$0	$0
TIM WALTERS	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHELLE MORGAN	EXECUTIVE DIRECTOR	40.00	Officer Director	$0	$100,000	$100,000
CHRISTOPHER HANDLEY	VICE-PRESIDENT	1.00	Officer	$0	$0	$0
FRANK C SWAGGARD	PRESIDENT	4.00	Officer	$0	$0	$0
TERRANCE J THOMAS	TREASURER	1.00	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	$2,579,798	$116,046	$3,317,932	$2,463,752
2024	$304,028	$7,977	$696,380	$296,051
2023	$405,500	$5,171	$400,329	$400,329

BUILDING FLORENCE TOGETHER CDC