BUSINESS CENTER FOR CITRUS COUNTY INC (EIN 922973650) - 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

JIM GREEN

Phone

3524194834

Tax Period

2023-01-01 to 2023-12-31

BUSINESS CENTER FOR CITRUS COUNTY INC, founded in 2023, is a small nonprofit in the Public & Societal Benefit sector that reported $318K in total revenue in fiscal year 2023. The organization ran a surplus of $292K, a strong 92% operating margin.

Mission

THE CORPORATE MISSION SHALL BE FOCUSED ON PROVIDING ASSISTANCE FOR IMPROVING ECONOMIC CONDITIONS, LESSENING THE COST BURDENS OF LOCAL AND COUNTY GOVERNMENT AND ENHANCING EMPLOYMENT OPPORTUNITIES FOR CITRUS COUNTY, FLORIDA RESIDENTS.

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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 $312,581

Program Service Revenue $0

Investment Income $3,736

Other Revenue $1,700

TOTAL REVENUE $318,017

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,205

Fundraising Expenses $0

Program Expenses $19,874

Other Expenses $17,335

TOTAL EXPENSES $25,540

Year-over-Year Comparison

	2023	2022	Change
Revenue	$318,017	N/A	N/A
Expenses	$25,540	N/A	N/A
Net Income	$292,477	N/A	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM GREEN	PRESIDENT	N/A	Officer Director	$0	$0	$0
TABITHA WELLS	TREASURER	N/A	Officer Director	$0	$0	$0
ARDATH PRENDERGAST	SECRETARY	N/A	Officer Director	$0	$0	$0
DON TAYLOR	VICE PRESIDENT	N/A	Officer Director	$0	$0	$0
JIM HARVEY	BOARD MEMBER	N/A	Director	$0	$0	$0
ANNEMARIE HOOPER	BOARD MEMBER	N/A	Director	$0	$0	$0
LORRIE HAMILTON	BOARD MEMBER	N/A	Director	$0	$0	$0
CARL FLANNAGAN	BOARD MEMBER	N/A	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
2023	$318,017	$25,540	$293,957	$292,477

BUSINESS CENTER FOR CITRUS COUNTY INC