FLORIDA MENTORING NETWORK INC

EIN: 934355322 501(c)(3) Education

WEST PALM BEACH, FL

Total Revenue
$933,947
Total Expenses
$916,190
Total Assets
$189,298
Net Assets
$185,700
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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
FL
Principal Officer
THOMAS RIVERA
Phone
9737807920
Tax Period
2024-07-01 to 2025-06-30

FLORIDA MENTORING NETWORK INC, founded in 2023, is a small nonprofit in the Education sector that reported $934K in total revenue in fiscal year 2024. Revenue surged 116% from the prior year, signaling strong growth momentum.

Mission

FLORIDA MENTORING NETWORK EMPOWERS YOUNG PEOPLE AGES 13 TO 25 THROUGH A PROVEN PROCESS OF GROWTH, CONNECTION, AND SKILL BUILDING. WE BELIEVE IN "TRUSTING THE PROCESS"A JOURNEY WHERE CONSISTENT MENTORING, MEANINGFUL RELATIONSHIPS, AND HANDS-ON LEARNING OPEN DOORS TO OPPORTUNITY AND LONG-TERM SUCCESS.THROUGH AN EVIDENCE-BASED MENTORING PROGRAM AND INNOVATIVE MOBILE TRAINING UNITS, FLORIDA MENTORING DELIVERS TRANSFORMATIVE EXPERIENCES THAT STRENGTHEN ESSENTIAL LIFE AND CAREER SKILLS, BUILD CONFIDENCE, AND BUILD THE NEXT GENERATION OF SERVANT LEADERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $736,699
Program Service Revenue $0
Investment Income $0
Other Revenue $197,248
TOTAL REVENUE $933,947

Expense Breakdown

Grants Paid $0
Salaries & Benefits $474,822
Fundraising Expenses $96,455
Program Expenses $769,546
Other Expenses $441,368
TOTAL EXPENSES $916,190

Year-over-Year Comparison

2024 2023 Change
Revenue $933,947 $432,572 +1.2%
Expenses $916,190 $288,522 +2.2%
Net Income $17,757 $144,050 -0.9%
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
6
Independent Members
6
Employees
3
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
6
$253,000
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BUTCH CARMICHAEL PRESIDENT 1.00
Officer Director
$0 $0 $0
RICHARD JANKUS SECRETARY 1.00
Officer Director
$0 $0 $0
JOSEPH HERROD TREASURER 1.00
Officer Director
$0 $0 $0
ROBIN GRENIER BOARD MEMBER 1.00
Director
$0 $0 $0
JOSUE LEON BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM RIVERA BOARD MEMBER 1.00
Director
$0 $0 $0
THOMAS RIVERA EXECUTIVE DIRECTOR 40.00
Officer
$103,000 $0 $103,000
CHRISTINA BARONE DIRECTOR OF OPERATIONS 40.00
Officer
$80,000 $0 $80,000
JENNIFER DAMICO DIRECTOR OF MENTORS 40.00
Officer
$70,000 $0 $70,000
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 $933,947 $916,190 $189,298 $17,757
2024 $432,572 $288,522 $169,091 $144,050
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