FLORIDA ASSOCIATION OF DISTRICT SCHOOL SUPERINTENDENTS INC (EIN 237017835) - Form 990 Financial Analysis & Trantor Score

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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

1968

Legal Domicile

Principal Officer

WILLIAM J MONTFORD

Phone

8505775784

Tax Period

2024-07-01 to 2025-06-30

FLORIDA ASSOCIATION OF DISTRICT SCHOOL SUPERINTENDENTS INC, founded in 1968, is a community nonprofit that reported $4.3M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $3.7M left a modest 13% surplus.

Mission

THE FLORIDA ASSOCIATION OF DISTRICT SCHOOL SUPERINTENDENTS ASSISTS AND SUPPORTS FLORIDA SUPERINTENDENTS IN CARRYING OUT THEIR RESPONSIBILITY AS A CONSTITUTIONAL OFFICER AND THE EDUCATIONAL LEADER OF THEIR COMMUNITY, TO ENSURE THAT EVERY STUDENT HAS ACCESS TO A HIGH-QUALITY PUBLIC EDUCATION.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,536,623

Program Service Revenue $2,559,427

Investment Income $150,002

Other Revenue $18,929

TOTAL REVENUE $4,264,981

Expense Breakdown

Grants Paid $950,000

Salaries & Benefits $1,728,524

Fundraising Expenses $0

Other Expenses $1,031,563

TOTAL EXPENSES $3,710,087

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,264,981	$4,678,659	-0.1%
Expenses	$3,710,087	$4,227,926	-0.1%
Net Income	$554,894	$450,733	+0.2%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$672,763

Total Directors

$6,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR FRED HEID	AREA V DIRECTOR	5.00	Director	$1,000	$0	$1,000
MR MIKE SWINDLE	AREA VI DIRECTOR	5.00	Director	$0	$0	$0
MR MIKE BURKE	AREA VII DIRECTOR	5.00	Director	$0	$0	$0
DR BRENDA LONGSHORE	ATLARGE DIRECTOR	5.00	Director	$0	$0	$0
MR ROBBY EDWARDS	ATLARGE DIRECTOR	5.00	Director	$0	$0	$0
MR MARCUS CHAMBERS	ATLARGE DIRECTOR	5.00	Director	$1,000	$0	$1,000
DR MARIA VAZQUEZ	ATLARGE DIRECTOR	5.00	Director	$0	$0	$0
MR KEVIN HENDRICK	ATLARGE DIRECTOR	5.00	Director	$0	$0	$0
DR KAREN BARBER	ATLARGE DIRECTOR	5.00	Director	$0	$0	$0
DAVID MOORE	ATLARGE DIRECTOR	5.00	Director	$2,000	$0	$2,000
DR DIANE V GULLETT	ATLARGE DIRECTOR	5.00	Director	$2,000	$0	$2,000
DR JOSE DOTRES	VICE PRESIDENT	5.00	Officer	$0	$0	$0
MR RUSSELL HUGHES	SECRETARY	5.00	Officer	$0	$0	$0
MS DIANE KORNEGAY	TREASURER	5.00	Officer	$1,000	$0	$1,000
DAVID MERRILL WIMBERLEY	CHIEF FINANCIAL OFFICER	40.00	Officer	$95,636	$22,178	$117,814
DAVID SIKES	ASSOCIATE EXECUTIVE OFFICE	40.00	Officer	$155,041	$25,134	$180,175
SENATOR BILL MONTFORD	CHIEF EXECUTIVE OFFICER	40.00	Officer	$317,788	$55,986	$373,774
BRIAN MOORE	GENERAL COUNSEL	40.00	Highest	$150,234	$31,161	$181,395
ANGELA FREELAND	HCE	40.00	Highest	$105,122	$4,205	$109,327

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
2025	$4,264,981	$3,710,087	$5,728,809	$554,894
2024	No data	No data	No data	No data
2023	$2,484,586	$2,204,981	$4,316,575	$279,605
2022	$2,059,533	$2,084,947	$3,300,420	$-25,414
2021	$1,992,694	$1,563,691	$4,001,393	$429,003
2021	$1,987,559	$1,635,256	$3,489,755	$352,303
2020	$2,372,634	$2,186,046	$3,140,386	$186,588
2018	$2,691,861	$2,606,417	$3,709,648	$85,444

FLORIDA ASSOCIATION OF DISTRICT SCHOOL SUPERINTENDENTS INC