FLORIDA COMMUNITY FINANCIAL SERVICES ASSOCIATION INC

EIN: 352467932 Community Improvement

TALLAHASSEE, FL

Total Revenue
$209,300
Total Expenses
$208,073
Total Assets
$25,073
Net Assets
$25,073
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
FL
Principal Officer
IAN A MACKECHNIE
Phone
8502059000
Tax Period
2024-01-01 to 2024-12-31

FLORIDA COMMUNITY FINANCIAL SERVICES ASSOCIATION INC, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $209K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

TO UNITE THOSE BUSINESSES LICENSED UNDER PARTS II, III, AND/OR IV OF CHAPTER 560, FLORIDA STATUTES, THAT ARE COMMITTED TO PROVIDING CONVENIENT AND ACCESSIBLE FINANCIAL SERVICES TO THE RESIDENTS OF THEIR LOCAL COMMUNITIES, AT NUMEROUS LOCATIONS AND ACROSS MULTIPLE FLORIDA COUNTIES, WHILE UPHOLDING THE HIGHEST STANDARDS OF PROFESSIONALISM AND INTEGRITY, WITH THE AIM OF FURTHERING, BY ALL PROPER AND LEGITIMATE MEANS, THE FOLLOWING OBJECTIVES: A.TO PROVIDE INFORMATION TO MEMBERS THAT WILL IMPROVE THEIR ABILITY TO OPERATE RESPONSIBLY;B.TO INCREASE PUBLIC RECOGNITION OF THE POSITIVE CONTRIBUTIONS OF THE INDUSTRY TO THE FLORIDA ECONOMY; C.TO REPRESENT THE INTERESTS OF ITS MEMBERS BEFORE THE FLORIDA LEGISLATURE AND FLORIDA REGULATORY AGENCIES; ANDD.TO FOSTER AND PROMOTE GOODWILL AMONG ITS MEMBERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $209,300
Investment Income $0
Other Revenue $0
TOTAL REVENUE $209,300

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $208,073
TOTAL EXPENSES $208,073

Year-over-Year Comparison

2024 2023 Change
Revenue $209,300 $184,300 +0.1%
Expenses $208,073 $204,468 +0.0%
Net Income $1,227 $-20,168 -1.1%
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
3
Independent Members
3
Employees
N/A
Volunteers
3

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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
IAN MACKECHNIE DIRECTOR 0.50
Director
$0 $0 $0
IAN A MACKECHNIE PRESIDENT 1.00
Officer Director
$0 $0 $0
DAVID SCHWARZ VP, SECRETARY, TREASURER 0.50
Officer 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
2024 $209,300 $208,073 $25,073 $1,227
2023 $184,300 $204,468 $23,846 $-20,168
2022 $159,300 $204,892 $69,014 $-45,592
2021 $209,300 $202,847 $114,606 $6,453
2020 $209,300 $202,426 $108,153 $6,874
2019 $286,192 $203,979 $101,279 $82,213
2018 $325,000 $340,824 $19,066 $-15,824
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