FLORIDA PSYCHOLOGICAL ASSOCIATION … - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1985

Legal Domicile

Principal Officer

DEBORAH FOOTE

Phone

8506562222

Tax Period

2023-01-01 to 2023-12-31

FLORIDA PSYCHOLOGICAL ASSOCIATION INC, founded in 1985, is a small nonprofit that reported $608K in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $231K, a strong 38% operating margin.

Mission

TO ADVANCE PSYCHOLOGY AS A SCIENCE AND PROFESSION AND AS A MEANS OF PROMOTING HEALTH AND HUMAN WELFARE; TO IMPROVE THE QUALIFICATIONS AND USEFULNESS OF PSYCHOLOGISTS THROUGH HIGH STANDARDS OF ETHICS, CONDUCT, EDUCATION, AND ACHIEVEMENT; TO INCREASE AND DIFFUSE PSYCHOLOGICAL KNOWLEDGE THROUGH MEETINGS, PROFESSIONAL CONTACTS, REPORTS, PAPERS, DISCUSSIONS AND PUBLICATIONS; AND TO ADVANCE SCIENTIFIC INTERESTS AND INQUIRY AND THE APPLICATION OF RESEARCH FINDINGS TO THE PROMOTION OF HEALTH AND PUBLIC WELFARE.

Program Service Accomplishments

Program 1

Expenses: $53,407 Revenue: $48,843

CONFERENCES, CONVENTIONS, NEWSLETTERS, AND WORKSHOPS PROVIDED TO MEMBERS. THESE SUPPLY INFORMATION PERTAINING TO THE ASSOCIATION'S ACTIVITIES AND TECHNICAL ADVANCES WITH THE PROFESSION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $380,414

Program Service Revenue $48,703

Investment Income $156,070

Other Revenue $22,736

TOTAL REVENUE $607,923

Expense Breakdown

Grants Paid $0

Salaries & Benefits $224,673

Fundraising Expenses $0

Program Expenses $53,407

Other Expenses $152,326

TOTAL EXPENSES $376,999

Year-over-Year Comparison

	2023	2022	Change
Revenue	$607,923	$426,799	+0.4%
Expenses	$376,999	$351,609	+0.1%
Net Income	$230,924	$75,190	+2.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

100

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

$110,475

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLYN STIMEL	EXECUTIVE DIRECTOR	40.00	Director	$33,975	$0	$33,975
CRAIG FABRIKANT	PRESIDENT	5.00	Officer Director	$0	$0	$0
KERRI BRESNAN	SECRETARY	5.00	Officer Director	$0	$0	$0
JESSICA VASSALLO	DIRECTOR	2.00	Director	$0	$0	$0
HELEN BARNET	DIRECTOR	2.00	Director	$0	$0	$0
JASON SPIELMAN	DIRECTOR	2.00	Director	$0	$0	$0
KATIE ARROYO CARRION	DIRECTOR	2.00	Director	$0	$0	$0
CRAIG ASSELIN	DIRECTOR	2.00	Director	$0	$0	$0
DAVID ROMANO	DIRECTOR	2.00	Director	$0	$0	$0
SHELLEY SLAPION-FOOTE	DIRECTOR	2.00	Director	$0	$0	$0
FRANKLIN FOOTE	DIRECTOR	2.00	Director	$0	$0	$0
DIANE MCKAY	DIRECTOR	2.00	Director	$0	$0	$0
HARRY KROP	DIRECTOR	2.00	Director	$0	$0	$0
ELLEN WILLIAMS	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINA BROWN	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER BROOKS	DIRECTOR	2.00	Director	$0	$0	$0
DEBORAH FOOTE	EXECUTIVE DIRECTOR	40.00	Director	$76,500	$0	$76,500
GARY HOWELL	PRESIDENT-ELECT	5.00	Officer Director	$0	$0	$0
LIZ CAMPBELL	LAPPB CHAIR	5.00	Officer Director	$0	$0	$0
MONICA LAKE	DIRECTOR	2.00	Director	$0	$0	$0
JOSH GROSS	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM SAUNDERS	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINA ELKIND	DIRECTOR	2.00	Director	$0	$0	$0
HOLLY KATZ	TREASURER	5.00	Officer	$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	No data	No data	No data	No data
2023	$607,923	$376,999	$677,334	$230,924
2022	$426,799	$351,609	$470,242	$75,190
2021	$417,755	$331,198	$576,881	$86,557
2020	$333,778	$323,251	$508,073	$10,527
2019	$361,250	$404,471	$450,205	$-43,221
2018	$338,071	$379,874	$461,781	$-41,803

FLORIDA PSYCHOLOGICAL ASSOCIATION INC