2023 Form 6 · annual filing (Commission on Ethics) · received 2024-08-08 · 6 pages (text)
Net worth$260,000
Income listed$101,202
Real estate$1,115,1786 properties
Debts listed$397,048
Worth a look1
Net worth over time
Where listed income comes from
Government & public payroll 46% $47,045 · Madison County Board of County Commissioners, Madison County Community Bank
Other / unclassified 32% $32,600 · Townsend Livestock Market, Madison Community Bancshares Corp.
Investments & retirement 21% $21,558 · U.S. Military Retired Pay, Florida Retirement System
Worth a look 1
Worth a lookUnusual reporting
Net worth fell from $608,074 (2022) to $260,000 (2023) — 2.3×
This 2023 filing reports $260,000; the same person's 2022 filing reported $608,074, a change of $348,074 in 1 year. Inheritances, home values and markets can move net worth a lot, so compare what's listed in each year to see where the change shows up.
What to check
Compare the assets listed in each filing: which items are new or much larger?
“Report your net worth as of”2023 Form 6 instructions, Net Worth ✓ quoted from the saved instructions · how this rule works
Context 6
ContextUnusual reporting
Lists 1 investment account ($315,000) instead of what's in them
The instructions say the investments held in a brokerage account or IRA are the assets to report — not the account itself. As listed, the public can't see what the filer is invested in.
What to check
Which companies or funds are in these accounts? Holdings matter for conflicts of interest.
Rule: Accounts listed instead of investments
“Note that the product contained in a brokerage account, IRA, or the Florida College Investment Plan, is your asset”2023 Form 6 instructions, Assets ✓ quoted from the saved instructions · how this rule works
ContextUnusual reporting
“IRA” ($315,000) doesn't name the institution
Intangible assets should name the entity they relate to.
What to check
Which bank, company or fund is this?
Rule: Asset without a named institution
“Do not list simply "stocks and bonds" or "bank accounts."”2023 Form 6 instructions, Assets (quote not found in this year's instructions) · how this rule works
ContextUnusual reporting
Net worth $260,000; listed items add up to $1,695,813
Reported net worth: $260,000. Household goods + listed assets − listed liabilities = $1,695,813. A difference is normal: net worth also counts assets and debts that aren't listed individually (items under $1,000, credit cards, taxes), and the instructions say subtracting listed liabilities from listed assets won't give an accurate figure in most cases.
What to check
No action needed unless other items look off.
Rule: Net worth vs. listed items
“Simply subtracting your liabilities from your assets will not result in an accurate net worth figure in most cases.”2023 Form 6 instructions, Net Worth ✓ quoted from the saved instructions · how this rule works
ContextIncome & business ties
Earns from 4 separate employers or businesses
Several distinct earned-income sources (excluding investments, retirement and Social Security).
What to check
Are any of these sources connected to each other or to the office sought?
Real estate worth $1,115,178 across 6 properties (429% of net worth)
Real estate holdings, as listed.
What to check
Look the parcels up with the county property appraiser: land use (vacant or improved), assessed value and when they were bought.
Check whether any listed liability is a mortgage on these properties.
Rule: Real estate holdings
“Real property: Identify by providing the street address of the property.”2023 Form 6 instructions, Assets ✓ quoted from the saved instructions · how this rule works
ContextWealth & holdings
Lists 2 businesses under “Interests in Specified Businesses”
Listed under “Interests in Specified Businesses”: Madison County Community Bank, Madison County Community Bank. That section covers banks, insurers, mortgage and small-loan companies, utilities, alcohol licensees, pari-mutuels and holders of city or county franchises — industries where officials' interests are disclosed separately.
What to check
Check whether the office sought oversees or contracts with these industries.
Look the businesses up on Sunbiz for officers and registered agents.
Rule: Stakes in closely regulated businesses
“The types of businesses covered in this section include: state and federally chartered banks”2023 Form 6 instructions, Interests in Specified Businesses ✓ quoted from the saved instructions · how this rule works
Where to look next
Some of what this filing reports stands out. These links open official public records, built from what the filer disclosed. They're searches you run yourself — results may include other people or companies with similar names.
Secondary sources (major customers of businesses owned)
Reported as “N/A”.
Interests in specified businesses
#1 Name
Address
Activity
Position
Owns > 5%
Nature of ownership
#2 Name
Address
Activity
Position
Owns > 5%
Nature of ownership
Companies on the state register
Companies this filing names, as the Division of Corporations lists them. Their role is shown when the filer is an officer or registered agent. A company matched by name only is shown just when it's active. How these are matched