Canvsorl Inc

Nonprofit profile at a glance

EIN: 352507669
IRS 990-EZ coverage: 2018–2018
Forms available: Form 990 2017, Form 990-EZ 2018
Location: Orlando, FL, USA
Phone: 4079153903
Rating: 86
Verdict: STRONG
Rating confidence: Moderate

Official website

Reported finances

Revenue: $69,102
Expenses: $133,422
Assets: $0
Liabilities: $0

Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

DONNA MACKENZIE (EXECUTIVE DIRECTOR)

People named in this filing

PHILIP HOLT (Director)
DONNA MACKENZIE (EXECUTIVE DIRECTOR)
JOSHUA BROWN (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our mission is to make it easier for anyone in orlando to start and grow a company. We believe orlando has the potential to be a nationally-recognized center for technology, and we're working to help make that happen.

What it reported doing in 2018

Successful operating and maintenance of a 20,000 square foot collaborative coworking facility in the heart of downtown orlando at the church street exchange building. This is a hub for tech start-ups to nurture innovation and growth into full grown successful companies. 200 memberships, over 50 workshops, meetups, and speaker events.

Operating model

Revenue model: Earned-program. 83% of the money available for current operations came from fees and other program revenue.
Distribution model: Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

Financial Efficiency: 92
Transparency & Controls: 100
Sustainability: 5
Growth: 0

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 100%; rating input score 100
Program expense ratio: 79.6%; rating input score 80

Transparency & Controls

Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
Major donor itemization: Yes; rating input score 100

Sustainability

Operating margin: -93.1%; rating input score 7; 7th percentile among comparable filings
Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
Liabilities to assets ratio: Limited
Officer compensation ratio: 9.2%; rating input score 10; 10th percentile among comparable filings

Growth

Program expense growth: Limited
Revenue growth: -2% per year; rating input score 0; 46th percentile among comparable filings
Asset growth: -43.2% per year; rating input score 0; 4th percentile among comparable filings

Details

Where the money goes: 100% of revenue deployed · 79.6% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $106K in reported program spending
Leadership: top reported pay $0 · 12 people listed
Consistency: 6 of 6 current checks pass
Schedules: 4 filed schedules
Contacts: How to reach this organization
Money network: 1 filed money-flow record
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

High — Growth: Revenue growth scored 0/100.
High — Sustainability: Operating margin scored 7/100.
High — Growth: Asset growth scored 0/100.
High — Sustainability: Total-asset coverage ratio scored 2/100.
High — Sustainability: Officer compensation ratio scored 10/100.