FLORENCE AVENUE INITIATIVE INC

EIN: 993766950

CEDAR PARK, TX

Total Revenue
$1,575,000
Total Expenses
$1,515,298
Total Assets
$59,702
Net Assets
$59,702
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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
DE
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

THE PROMOTION OF SOCIAL WELFARE 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%)

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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

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Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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