FLORENCE AVENUE INITIATIVE INC

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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

2024

Legal Domicile

Principal Officer

Howard William Kenyon Jr

Phone

5122463435

Tax Period

2024-07-09 to 2024-12-31

FLORENCE AVENUE INITIATIVE INC, founded in 2024, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Expenses of $1.5M left a modest 4% surplus.

Mission

FLORENCE AVENUE INITIATIVE, INC IS A NONPROFIT ORGANIZATION OPERATING AS AN ENTITY EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. FLORENCE AVENUE INITIATIVE, INC WILL BE OPERATED IN A MANNER THAT WILL ENABLE IT TO QUALIFY (AND TO CONTINUE TO QUALIFY) AS A SOCIAL WELFARE ORGANIZATION DESCRIBED IN SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. FLORENCE AVENUE INITIATIVE, INC'S MISSION IS ADVOCATING FOR FAIRNESS AND EQUALITY.

Program Service Accomplishments

Program 1

Expenses: $1,515,298

SOCIAL WELFARE SERVICES ADVOCATING FOR FAIRNESS AND EQUALITY.

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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 $1,575,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,575,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,515,298

Other Expenses $1,515,298

TOTAL EXPENSES $1,515,298

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,575,000	N/A	N/A
Expenses	$1,515,298	N/A	N/A
Net Income	$59,702	$0	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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Howard William Kenyon Jr	PRESIDENT	0.5	Officer Director	$0	$0	$0
Sara A Lytle	Treasurer	0.5	Officer Director	$0	$0	$0
David R Neelley	Secretary	0.5	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	$1,575,000	$1,515,298	$59,702	$59,702