Florida Association of Motorist Se… - Form 990 Financial Data

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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

2011

Legal Domicile

Principal Officer

PERRY COLE

Phone

3052523393

Tax Period

2023-01-01 to 2023-12-31

Florida Association of Motorist Service Providers Inc, founded in 2011, is a small nonprofit in the Community Improvement sector that reported $139K in total revenue in fiscal year 2023. Revenue surged 167% from the prior year, signaling strong growth momentum. Expenses of $162K exceeded revenue, resulting in a 16% operating deficit.

Mission

FLORIDA ASSOCIATION OF MOTORIST SERVICE PROVIDERS INC. HAS BEEN FORMED TO PROMOTE THE COMMON INTERESTS AMONGST MOTORIST SERVICE PROVIDERS AS WELL AS DEVELOP SERVICE STANDARDS AND BEST PRACTICES IN ORDER TO BETTER THE PROFESSION AND IMPROVE SERVICE TO THE PUBLIC. THE ORGANIZATION WILL SEEK TO PURSUE THIS GOAL THROUGH SEMINARS, LECTURES AND OTHER ACTIVITIES FOCUSED ON HIGHLIGHTING CURRENT ISSUES AND DEVELOPMENTS IN THE FIELD, ADDRESSING CONSUMER AND REGULATORY CONCERNS, AND FOSTERING BETTER WORKING RELATIONSHIPS WITH THOSE GOVERNMENTAL AGENCIES SERVED. THE EVENTS AND ACTIVITIES WILL BE ORGANIZED AND PUT ON BY THE FLORIDA ASSOCIATION OF MOTORIST SERVICE PROVIDERS INC. WITH THE FORUMS AND SEMINARS ORGANIZED AND PUT ON BY VOLUNTEER MEMBERS OF THE ORGANIZATION AND OTHER INTERESTED PROFESSIONALS IN THE INDUSTRY.

Program Service Accomplishments

Program 1

CONTINUED DRIVER LICENSE FUNCTIONALITY INITIATIVE IN ORDER TO ALLOW THE MEMBERS TO PROCESS LIMITED LOW RISK DRIVER LICENSE TRANSACTIONS. MEETING WITH CONSULTANTS, LOBBYISTS, FLHSMV EXECUTIVES, STATE SENATORS, STATE REPRESENTATIVES, TAX COLLECTORS AND COUNTY COMMISSIONERS TO ADDRESS HOW ALLOWING US DRIVER LICENSE FUNCTIONALITY WILL GREATLY HELP THE ENORMOUS BACKLOG DUE TO COVID.

Program 2

CONTINUED ATTENDING MOTORIST MODERNIZATION ORION PHASE II VISIONING SESSIONS HELD BY THE FLHSMV'S MOTORIST MODERNIZATION TEAM. WE CONTINUE TO PROVIDE FEEDBACK, SPECIFICALLY REGARDING A QUALITY...

CONTINUED ATTENDING MOTORIST MODERNIZATION ORION PHASE II VISIONING SESSIONS HELD BY THE FLHSMV'S MOTORIST MODERNIZATION TEAM. WE CONTINUE TO PROVIDE FEEDBACK, SPECIFICALLY REGARDING A QUALITY ASSURANCE TOOL WHEREBY WE CAN DIGITIZE THE REVIEW PROCESS AS WELL AS IMPLEMENTING DIGITAL FORMS AND SIGNATURE PADS. WE CONTINUE WORKING WITH FLHSMV TO REVIEW AND NEGOTIATE TERMS OF THE LICENSE PLATE AGENCY MOU AND WE STARTED REVIEWING AND NEGOTIATING THE THIRD-PARTY CASHIERING MOU. WE CONTINUE WORKING WITH THE DEPARTMENT AND LEGISLATORS REGARDING NETWORK COST ALLOCATION TO THE LICENSE PLATE AGENCIES. (CONTINUED ON SCHEDULE O)

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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 $0

Program Service Revenue $139,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $139,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $161,768

TOTAL EXPENSES $161,768

Year-over-Year Comparison

	2023	2022	Change
Revenue	$139,000	$52,000	+1.7%
Expenses	$161,768	$173,557	-0.1%
Net Income	$-22,768	$-121,557	-0.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE DE LA VIESCA	PRESIDENT	6.0	Officer Director	$0	$0	$0
PERRY COLE	TREASURER	3.0	Officer Director	$0	$0	$0
JOYCE CHESNEY	DIRECTOR	2.0	Director	$0	$0	$0
LON COWART	DIRECTOR	2.0	Director	$0	$0	$0
SOMAY FARIAS	DIRECTOR	2.0	Director	$0	$0	$0
MARY FERRAND	DIRECTOR	2.0	Director	$0	$0	$0
RICK PRETE	DIRECTOR	2.0	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	No data	No data	No data	No data
2023	$139,000	$161,768	$2,408	$-22,768
2022	$52,000	$173,557	$25,176	$-121,557
2021	$259,000	$192,984	$146,733	$66,016
2020	$192,000	$169,409	$80,717	$22,591
2019	$193,000	$196,401	$58,126	$-3,401

Florida Association of Motorist Service Providers Inc