Civic Intelligence

Florida Heartland Economic Region of Opportunity Inc(Fhero)

EIN 81-1760111 • 501(c)6 • Okeechobee, FL

Profile

The corporation is formed for the purpose of advancing the general welfare and economic prosperity of the counties within the florida heartland area and the surrounding areas so that it's citizens and the business community may prosper.

304 NW 2nd Street Rm 123Okeechobee, FL 34972

flaheartland.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

56th percentile

0.01x

Higher debt load relative to assets than 56% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

57th percentile

0.01x

Higher debt load relative to revenue than 57% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2025

Net Margin

93rd percentile

41%

Higher net margin than 93% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2025

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2025

Asset Growth

95th percentile

96%

Faster asset growth than 95% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

98th percentile

281%

Faster revenue growth than 98% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$405,551

Up $198,292 (+96%) from 2024

Liabilities

Up

$2,805

Up $2,805 from 2024

Net Assets

Up

$402,746

Up $195,487 (+94%) from 2024

Operations
Liabilities / Revenue57th percentileNet Margin93rd percentile

Revenue

Up

$478,546

Up $352,825 (+281%) from 2024

Expenses

Up

$283,059

Up $63,225 (+29%) from 2024

Net Income

Up

$195,487

Up $289,600 (+308%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth95th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2017: $121,712Liabilities 2017: $0Net Assets 2017: $121,7122017Assets 2018: $138,259Liabilities 2018: $0Net Assets 2018: $138,2592018Assets 2019: $98,298Liabilities 2019: $0Net Assets 2019: $98,2982019Assets 2020: $210,871Liabilities 2020: $0Net Assets 2020: $210,8712020Assets 2021: $215,291Liabilities 2021: $0Net Assets 2021: $215,2912021Assets 2022: $279,144Liabilities 2022: $0Net Assets 2022: $279,1442022Assets 2023: $301,372Liabilities 2023: $0Net Assets 2023: $301,3722023Assets 2024: $207,259Liabilities 2024: $0Net Assets 2024: $207,2592024Assets 2025: $405,551Liabilities 2025: $2,805Net Assets 2025: $402,7462025

Highlighted filing

2025

Assets$405,551
Liabilities$2,805
Net Assets$402,746
Open 2025 Filing

Operations Trend

Revenue Growth98th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2017: $82,398Expenses 2017: $90,694Net Income 2017: -$8,2962017Revenue 2018: $151,873Expenses 2018: $112,283Net Income 2018: $39,5902018Revenue 2019: $128,767Expenses 2019: $168,728Net Income 2019: -$39,9612019Revenue 2020: $239,859Expenses 2020: $127,286Net Income 2020: $112,5732020Revenue 2021: $127,597Expenses 2021: $123,177Net Income 2021: $4,4202021Revenue 2022: $167,644Expenses 2022: $82,641Net Income 2022: $85,0032022Revenue 2023: $210,187Expenses 2023: $187,959Net Income 2023: $22,2282023Revenue 2024: $125,721Expenses 2024: $219,834Net Income 2024: -$94,1132024Revenue 2025: $478,546Expenses 2025: $283,059Net Income 2025: $195,4872025

Highlighted filing

2025

Revenue$478,546
Expenses$283,059
Net Income$195,487
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$405,551
Liabilities
$2,805
Net assets
$402,746
Revenue
$478,546
Expenses
$283,059
Net income
$195,487
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.06$0.03$4.03$4.79$2.83$1.95
2024Detailed filing. Detailed filing data is available for this year.$2.07$0.00$2.07$1.26$2.20$0.94
2023Detailed filing. Detailed filing data is available for this year.$3.01$0.00$3.01$2.10$1.88$0.22
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.79$0.00$2.79$1.68$0.83$0.85
2021Detailed filing. Detailed filing data is available for this year.$2.15$0.00$2.15$1.28$1.23$0.04
2020Detailed filing. Detailed filing data is available for this year.$2.11$0.00$2.11$2.40$1.27$1.13
2019Detailed filing. Detailed filing data is available for this year.$0.98$0.00$0.98$1.29$1.69$0.40
2018Detailed filing. Detailed filing data is available for this year.$1.38$0.00$1.38$1.52$1.12$0.40
2017Detailed filing. Detailed filing data is available for this year.$1.22$0.00$1.22$0.82$0.91$0.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2024 to Sep 30, 2025
Signed
Jan 15, 2026
Return Version
2024v5.0
Gross Receipts
$478,546
Mission and Program Overview

Mission

The corporation is formed for the purpose of advancing the general welfare and economic prosperity of the counties within the florida heartland area and the surrounding areas so that its citizens and the business community may prosper.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$207,259$403,051▲ $195,792
Accounts Receivable-$2,500-
Total Assets$207,259$405,551▲ $198,292
Liabilities
Accounts Payable and Accrued Expenses-$2,805-
Total Liabilities$0$2,805▲ $2,805
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$207,259$402,746▲ $195,487
Total Net Assets Fund Balance$207,259$402,746▲ $195,487
Total Liabilities and Net Assets / Fund Balance$207,259$405,551▲ $198,292
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Terry W BurroughsChairman
Russell MelendyVice Chair
Revenue and Support

Revenue Composition

Contributions and Grants
$85,464
Program Service Revenue
$392,825
Investment Income
$257
Other Revenue
$0
Change in Net Assets
$195,487
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$283,059
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$270,139
Payment Travel Entrtnmnt Publicly Ofcl---$9,387
Insurance---$2,389
Fees for Services Accounting---$1,069
Office Expenses---$75
Total Functional Expenses$0$0$0$283,059
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Florida Heartland Economic Region
EIN
81-1760111
Phone
8636976325
Address
304 NW 2ND STREET RM 123, OKEECHOBEE, FL 34972

Signing Officer

Name
Terry W Burroughs
Title
Chairman
Phone
8636976325
Signed
2026-01-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terry W Burroughs
Formed
2016
Voting Board Members
10
Independent Board Members
10
Employees
0

Preparer

Firm
Sims Munson CPA Pllc
Address
319 N PARROTT AVE, OKEECHOBEE, FL 34972-2917
Preparer
Laura K Sims
Phone
8634673000
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The corporation is formed for the purpose of advancing the general welfare and economic prosperity of the counties within the florida heartland area and the surrounding areas so that its citizens and the business community may prosper.”

Form 990, Part IX, Line 11G

“Consultant fees 232,888 0 0 license fees 7,935 0 0 training costs 825 0 0 contract labor 19,641 0 0 outside contract services 8,000 0 0 membership dues 850 0 0 total 270,139 0 0”

Raw XML Appendix223 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/BackupWthldComplianceInd0false
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IRS990/CYContributionsGrantsAmt085464
IRS990/CYGrantsAndSimilarPaidAmt00
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IRS990/CYOtherRevenueAmt00
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IRS990/CYRevenuesLessExpensesAmt0195487
IRS990/CYSalariesCompEmpBnftPaidAmt00
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IRS990/DeductibleNonCashContriInd0false
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IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
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IRS990/EmployeeCnt00
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IRS990/FeesForServicesOtherGrp/TotalAmt0270139
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
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IRS990/Form990PartVIISectionAGrp/PersonNm1RUSSELL MELENDY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02016
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
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IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0478546
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt010
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InsuranceGrp/TotalAmt02389
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0257
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0257
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt085464
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE CORPORATION IS FORMED FOR THE PURPOSE OF ADVANCING THE GENERAL WELFARE AND ECONOMIC PROSPERITY OF THE COUNTIES WITHIN THE FLORIDA HEARTLAND AREA AND THE SURROUNDING AREAS SO THAT ITS CITIZENS AND THE BUSINESS COMMUNITY MAY PROSPER.
IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/NetAssetsOrFundBalancesBOYAmt0207259
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/TotalAmt075
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
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IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0DEO RDG REIMBURSEMENT
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IRS990/PYContributionsGrantsAmt072464
IRS990/PYGrantsAndSimilarPaidAmt010000
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IRS990/PYOtherExpensesAmt0209834
IRS990/PYProgramServiceRevenueAmt053000
IRS990/PYRevenuesLessExpensesAmt0-94113
IRS990/PYTotalExpensesAmt0219834
IRS990/PYTotalRevenueAmt0125721
IRS990/ReconcilationRevenueExpnssAmt0195487
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportLandBuildingEquipmentInd0false
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IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS FORMED FOR THE PURPOSE OF ADVANCING THE GENERAL WELFARE AND ECONOMIC PROSPERITY OF THE COUNTIES WITHIN THE FLORIDA HEARTLAND AREA AND THE SURROUNDING AREAS SO THAT ITS CITIZENS AND THE BUSINESS COMMUNITY MAY PROSPER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONSULTANT FEES 232,888 0 0 LICENSE FEES 7,935 0 0 TRAINING COSTS 825 0 0 CONTRACT LABOR 19,641 0 0 OUTSIDE CONTRACT SERVICES 8,000 0 0 MEMBERSHIP DUES 850 0 0 TOTAL 270,139 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum08636976325
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-01-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FLORIDA HEARTLAND ECONOMIC REGION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0OF OPPORTUNITY INC(FHERO)
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ReturnHeader/ReturnTs02026-01-27T15:37:19-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-10-01
ReturnHeader/TaxPeriodEndDt02025-09-30
ReturnHeader/TaxYr02024

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