PERSONAL INSURANCE FEDERATION OF FLORIDA INC

EIN: 273582307 Community Improvement

TALLAHASSEE, FL

Total Revenue
$677,051
Total Expenses
$615,626
Total Assets
$596,832
Net Assets
$589,773
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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
FL
Principal Officer
MICHAEL CARLSON
Phone
8505977425
Tax Period
2025-01-01 to 2025-12-31

PERSONAL INSURANCE FEDERATION OF FLORIDA INC, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $677K in total revenue in fiscal year 2025. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $616K left a modest 9% surplus.

Mission

TO CREATE A DYNAMIC, EFFICIENT AND COMPETITIVE MARKETPLACE FOR PERSONAL INSURANCE PRODUCTS FOR THE BENEFIT OF ALL FLORIDIANS.

Program Service Accomplishments

Program 1

THE PURPOSE OF THE ORGANIZATION IS TO PROMOTE THE INTERESTS OF ITS MEMBERS BY IMPROVING CONDITIONS IN THE PERSONAL INSURANCE LINES OF BUSINESS CONSISTENT WITH THE PRINCIPLES OF FREE MARKETS, OPEN...

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THE PURPOSE OF THE ORGANIZATION IS TO PROMOTE THE INTERESTS OF ITS MEMBERS BY IMPROVING CONDITIONS IN THE PERSONAL INSURANCE LINES OF BUSINESS CONSISTENT WITH THE PRINCIPLES OF FREE MARKETS, OPEN COMPETITION, UNDERWRITING FREEDOM, AND LIMITED GOVERNMENT.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $676,966
Investment Income $85
Other Revenue $0
TOTAL REVENUE $677,051

Expense Breakdown

Grants Paid $0
Salaries & Benefits $433,436
Fundraising Expenses $0
Other Expenses $182,190
TOTAL EXPENSES $615,626

Year-over-Year Comparison

2025 2024 Change
Revenue $677,051 $615,240 +0.1%
Expenses $615,626 $601,324 +0.0%
Net Income $61,425 $13,916 +3.4%
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

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Governance

Voting Members
5
Independent Members
5
Employees
2
Volunteers
6

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
5
$261,583
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARLY HERMANSON CHAIRMAN 8.00
Officer Director
$0 $0 $0
MATT GANNON VICE CHAIRMA 8.00
Officer Director
$0 $0 $0
PAULA LUTES SECRETARY-TR 8.00
Officer Director
$0 $0 $0
CHRIS ZIANCE SECRETARY 8.00
Officer Director
$0 $0 $0
MICHAEL CARLSON PRESIDENT 40.00
Officer
$213,963 $47,620 $261,583
SCOTT MATIYOW VICE-PRESIDE 40.00
Highest
$116,997 $15,770 $132,767
GRANT PHILLIPS DIRECTOR 8.00
Director
$0 $0 $0
CAITLIN MURRAY DIRECTOR 8.00
Director
$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 $677,051 $615,626 $596,832 $61,425
2024 No data No data No data No data
2023 $631,533 $580,159 $520,295 $51,374
2022 $580,115 $543,434 $472,114 $36,681
2021 $520,990 $555,574 $435,534 $-34,584
2020 $648,839 $521,462 $460,600 $127,377
2019 $648,110 $561,433 $333,223 $86,677
2018 $631,781 $562,340 $246,546 $69,441
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