Florida Electrical Association Inc

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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

2020

Legal Domicile

Principal Officer

Gary Crandon

Phone

3528738400

Tax Period

2025-01-01 to 2025-12-31

Florida Electrical Association Inc, founded in 2020, is a small nonprofit in the Education sector that reported $250K in total revenue in fiscal year 2025. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $239K left a modest 4% surplus.

Mission

The Florida Electrical Association, Inc. is dedicated to developing quality and integrity in the electrical industry. Also to create a better working relationship with Inspectors, Suppliers and all others in our Community.

Program Service Accomplishments

Program 1

Expenses: $140,966 Revenue: $238,569

Training of apprentices and promotion of the electrical trade to the public and future tradesmen in the electrical trades.

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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 (2025)

Revenue Breakdown

Contributions & Grants $11,149

Program Service Revenue $236,183

Investment Income $0

Other Revenue $2,386

TOTAL REVENUE $249,718

Expense Breakdown

Grants Paid $0

Salaries & Benefits $180,926

Fundraising Expenses $0

Program Expenses $140,966

Other Expenses $58,092

TOTAL EXPENSES $239,018

Year-over-Year Comparison

	2025	2024	Change
Revenue	$249,718	$211,474	+0.2%
Expenses	$239,018	$215,528	+0.1%
Net Income	$10,700	$-4,054	-3.6%

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

N/A

Volunteers

N/A

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

$122,898

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gary Crandon	Secretary/Treasurer	35.00	Officer	$116,888	$0	$116,888
Phillip Williams	Vice President	0.50	Officer	$0	$0	$0
Thomas Muller	President/Instructor	6.50	Officer	$6,010	$0	$6,010
Candance Bramlett	Director	0.50	Officer	$0	$0	$0
Robert Bramlett	Director	0.50	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
2025	$249,718	$239,018	$58,830	$10,700
2024	$211,474	$215,528	$48,130	$-4,054