FLORIDA INTERNET AND TELEVISION AS… - Form 990 Financial Data

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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

1965

Legal Domicile

Principal Officer

DAVID DELIMAN

Phone

8506811990

Tax Period

2023-01-01 to 2023-12-31

FLORIDA INTERNET AND TELEVISION ASSOCIATION INC, founded in 1965, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $1.7M exceeded revenue, resulting in a 22% operating deficit.

Mission

THE PRIMARY MISSION IS TO FOSTER, PROMOTE AND PROTECT THE LEGAL RIGHTS OF FLORIDA'S FRANCHISED CABLE TELEVISION SYSTEMS AND THEIR AFFILIATES.

Program Service Accomplishments

Program 1

SERVING AS A PUBLIC DISTRIBUTION MECHANISM FOR THE EDUCATION OF OUR 6 MEMBERS AND THEIR 3,372,597 SUBSCRIBERS ON IMPORTANT ISSUES AFFECTING THE STATE OF FLORIDA.

Program 2

EFFECTIVE REPRESENTATION WITHIN EXECUTIVE, LEGISLATIVE AND REGULATORY BODIES, FIRST AT THE STATE LEVEL OF GOVERNMENT AND BEING OF ASSISTANCE AT THE LOCAL AND FEDERAL LEVELS WHEN ISSUES ARISE OF STATE...

Program 3

ENHANCEMENT OF THE PUBLIC PERCEPTION OF THE CABLE TELECOMMUNICATIONS INDUSTRY IN FLORIDA AND OUR LOCAL COMMUNITIES AS THE LEADING INVESTOR IN AND PROVIDER OF INNOVATIVE, HIGH QUALITY BROADBAND...

ENHANCEMENT OF THE PUBLIC PERCEPTION OF THE CABLE TELECOMMUNICATIONS INDUSTRY IN FLORIDA AND OUR LOCAL COMMUNITIES AS THE LEADING INVESTOR IN AND PROVIDER OF INNOVATIVE, HIGH QUALITY BROADBAND INFORMATION AND ENTERTAINMENT SERVICES WITH A COMMITMENT TO PROVIDING THESE SERVICES AT A FAIR VALUE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $65,289

Program Service Revenue $1,113,151

Investment Income $251,017

Other Revenue $-2,951

TOTAL REVENUE $1,426,506

Expense Breakdown

Grants Paid $147,258

Salaries & Benefits $547,182

Fundraising Expenses $0

Other Expenses $1,043,965

TOTAL EXPENSES $1,738,405

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,426,506	$1,939,567	-0.3%
Expenses	$1,738,405	$2,062,960	-0.2%
Net Income	$-311,899	$-123,393	+1.5%

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

$305,283

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AIMEE PFANNENSTIEL	BOARD MEMBER	10.00	Director	$0	$0	$0
AMY SMITH	BOARD MEMBER	10.00	Director	$0	$0	$0
ERIN MONROE WESLEY	BOARD MEMBER	10.00	Director	$0	$0	$0
FRAN BRADLEY	EX-OFFICIO SMALL SYSTEM RE	10.00	Director	$0	$0	$0
HARBIN BOLTON	BOARD MEMBER	10.00	Director	$0	$0	$0
JEFF BUZZELLI	BOARD MEMBER	10.00	Director	$0	$0	$0
MITCHELL BROWN	BOARD MEMBER	10.00	Director	$0	$0	$0
PETE NEMETH	BOARD MEMBER	10.00	Director	$0	$0	$0
BRAD SWANSON	PRESIDENT/CEO	40.00	Officer	$270,570	$34,713	$305,283
BRIAN MUSSELWHITE	VICE CHAIRMAN	10.00	Officer	$0	$0	$0
DAVID DELIMAN	CHAIRMAN	10.00	Officer	$0	$0	$0
DEREK COOPER	PAST CHAIRMAN	10.00	Officer	$0	$0	$0
MICHELLE MCGOVERN	STRATEGIC PLANNING CHAIRMAN	10.00	Officer	$0	$0	$0
STEPHANIE FEDERICO	TREASURER/SECRETARY	10.00	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	$1,426,506	$1,738,405	$1,312,769	$-311,899
2022	$1,939,567	$2,062,960	$2,404,264	$-123,393
2021	$2,060,073	$1,986,768	$2,479,022	$73,305
2020	$2,145,652	$2,042,064	$2,421,816	$103,588
2020	$2,145,652	$2,081,115	$2,420,589	$64,537
2019	$2,238,569	$2,065,720	$3,465,236	$172,849
2018	$2,224,882	$2,410,824	$2,362,521	$-185,942

FLORIDA INTERNET AND TELEVISION ASSOCIATION INC