FLORIDAMAKES 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

2010

Legal Domicile

Principal Officer

KEVIN CARR

Phone

4074507206

Tax Period

2023-01-01 to 2023-12-31

FLORIDAMAKES INC, founded in 2010, is a community nonprofit in the Education sector that reported $9.0M in total revenue in fiscal year 2023.

Mission

TO IMPROVE THE PRODUCTIVITY AND TECHNOLOGICAL PERFORMANCE OF SMALL- AND MEDIUM-SIZED MANUFACTURERS THROUGHOUT THE STATE OF FLORIDA BY PROVIDING BUSINESS ASSESSMENTS, BUSINESS NETWORKS, LEADERSHIP AND WORKFORCE TRAINING, AND IN-PLANT CONSULTATIVE ENGAGEMENTS.

Program Service Accomplishments

Program 1

Expenses: $7,903,326 Revenue: $3,221,455

FLORIDAMAKES IS PART OF THE NATIONWIDE NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY'S MANUFACTURING EXTENSION PARTNERSHIP (NIST MEP) SYSTEM THAT WAS CREATED TO ADDRESS THE NEEDS OF LOCAL...

FLORIDAMAKES IS PART OF THE NATIONWIDE NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY'S MANUFACTURING EXTENSION PARTNERSHIP (NIST MEP) SYSTEM THAT WAS CREATED TO ADDRESS THE NEEDS OF LOCAL MANUFACTURERS, WITH THE MISSION OF SUPPORTING THE GROWTH AND COMPETITIVE ABILITY OF U.S. MANUFACTURING. MEP CENTERS DELIVER A HIGH RETURN ON INVESTMENT. AT THE NATIONAL LEVEL, FOR EVERY ONE DOLLAR OF FEDERAL INVESTMENT, MEP CLIENTS GENERATE NEARLY $19 IN NEW SALES, WHICH TRANSLATES TO $2.5 BILLION ANNUALLY. AND FOR EVERY $2,001 OF FEDERAL INVESTMENT, MEP HELPS COMPANIES CREATE OR RETAIN ONE U.S. MANUFACTURING JOB. CONTINUED ON SCHEDULE OWHAT THAT MEANS FOR MANUFACTURERS WORKING WITH FLORIDAMAKES IS A FOCUS ON RESULTS FOR THE COMPANY. OUR SERVICES ARE DESIGNED TO HELP FURTHER THE GOALS FOR PROFITABILITY AND GROWTH AND POSITION THEM FOR THE FUTURE. DEPENDING ON THE NEEDS AND GOALS, THAT MAY INCLUDE HELPING TO SOLVE A SPECIFIC MANUFACTURING PROBLEM, INCREASE PRODUCTIVITY, ADOPT BEST PRACTICES, DETERMINE HOW CORE CAPABILITIES MIGHT BE USED TO ENTER A NEW MARKET, OR ENHANCE PROCESSES THROUGH APPROPRIATE ADVANCED TECHNOLOGY OR TRAINING.

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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 $5,761,682

Program Service Revenue $3,221,455

Investment Income $0

Other Revenue $0

TOTAL REVENUE $8,983,137

Expense Breakdown

Grants Paid $58,657

Salaries & Benefits $5,234,379

Fundraising Expenses $0

Program Expenses $7,903,326

Other Expenses $3,483,358

TOTAL EXPENSES $8,776,394

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,983,137	$8,574,194	+0.0%
Expenses	$8,776,394	$8,605,984	+0.0%
Net Income	$206,743	$-31,790	-7.5%

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

$783,704

Total Directors

$353,761

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN CARR	CHIEF EXECUTIVE OFFICER	40.00	Officer Director	$342,566	$11,195	$353,761
RAY AGUERREVERE	PAST CHAIR (BOARD CHAIR THRU 07/23)	1.00	Officer Director	$0	$0	$0
BAYNE BEECHER	CHAIR (TREASURER THRU 07/23)	1.00	Officer Director	$0	$0	$0
ABE ALANGADAN	VICE CHAIR (AS OF 07/23)	1.00	Officer Director	$0	$0	$0
JAMES HODGE	TREASURER (DIRECTOR THRU 07/23)	1.00	Officer Director	$0	$0	$0
JOHN KRUG	SECRETARY (DIRECTOR THRU 07/23)	1.00	Officer Director	$0	$0	$0
JOSEPH MAYER	DIRECTOR	1.00	Director	$0	$0	$0
ROY SWEATMAN	DIRECTOR	1.00	Director	$0	$0	$0
DOUG GYURE	DIRECTOR	1.00	Director	$0	$0	$0
KEITH JARMAN	DIRECTOR	1.00	Director	$0	$0	$0
LUIS GONZALEZ-MENDEZ	DIRECTOR	1.00	Director	$0	$0	$0
TODD KOCOUREK	DIRECTOR	1.00	Director	$0	$0	$0
TONY CARVAJAL	DIRECTOR	1.00	Director	$0	$0	$0
MARIA ALFANO	CHIEF OPERATING OFFICER	40.00	Officer	$197,392	$19,463	$216,855
ROVENA PANDO	CHIEF FINANCIAL OFFICER	40.00	Officer	$175,614	$37,474	$213,088
MARK MADORE	DIRECTOR OF OPERATIONS	40.00	Highest	$162,055	$17,310	$179,365
ZORAIDA VELASCO	EXECUTIVE VICE PRESIDENT	40.00	Highest	$141,266	$39,652	$180,918
MICHAEL ALLER	DIRECTOR, SUPPLIER DEVELOP	40.00	Highest	$138,845	$36,378	$175,223
FERNANDO MENDOZA	BUSINESS ADVISOR	40.00	Highest	$130,480	$33,087	$163,567
DONALD CASEY	RMA PROGRAM MANAGER	40.00	Highest	$112,180	$36,316	$148,496

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	$8,983,137	$8,776,394	$1,725,095	$206,743
2022	$8,574,194	$8,605,984	$1,512,406	$-31,790
2021	$9,967,367	$9,768,990	$1,478,174	$198,377
2020	$7,371,378	$7,468,552	$795,320	$-97,174
2019	$7,075,206	$7,068,329	$889,811	$6,877
2018	$5,329,401	$5,313,790	$881,838	$15,611