PERSONAL INSURANCE FEDERATION OF FLORIDA INC (EIN 273582307) - 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

2010

Legal Domicile

Principal Officer

MICHAEL CARLSON

Phone

8505977425

Tax Period

2023-01-01 to 2023-12-31

PERSONAL INSURANCE FEDERATION OF FLORIDA INC, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $632K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $580K left a modest 8% surplus.

Mission

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

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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 $10,000

Program Service Revenue $622,063

Investment Income $-530

Other Revenue $0

TOTAL REVENUE $631,533

Expense Breakdown

Grants Paid $0

Salaries & Benefits $383,984

Fundraising Expenses $0

Other Expenses $196,175

TOTAL EXPENSES $580,159

Year-over-Year Comparison

	2023	2022	Change
Revenue	$631,533	$580,115	+0.1%
Expenses	$580,159	$543,434	+0.1%
Net Income	$51,374	$36,681	+0.4%

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

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

$242,402

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS ZIANCE	CHAIRMAN	8.00	Officer Director	$0	$0	$0
CARLY HERMANSON	VICE-CHAIRMA	8.00	Officer Director	$0	$0	$0
MATT GANNON	TREASURER	8.00	Officer Director	$0	$0	$0
PAULA LUTES	SECRETARY	8.00	Officer Director	$0	$0	$0
MICHAEL CARLSON	PRESIDENT	40.00	Officer	$201,149	$41,253	$242,402
SCOTT MATIYOW	VICE-PRESIDE	40.00	Highest	$107,117	$12,481	$119,598

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	$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

PERSONAL INSURANCE FEDERATION OF FLORIDA INC