FLORIDA ASSOCIATION OF RECOVERY (EIN 460634210) - 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

2019

Legal Domicile

Principal Officer

MICHAEL CABOT

Phone

5612990405

Tax Period

2023-01-01 to 2023-12-31

FLORIDA ASSOCIATION OF RECOVERY, founded in 2019, is a small nonprofit in the Mental Health sector that reported $758K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $300K, a strong 40% operating margin.

Mission

FLORIDA ASSOCIATION OF RECOVERY RESIDENCES IS A CONSULTATIVE QUALITY ASSURANCE CREDENTIALING BODY, HOLDING RECOVERY RESIDENCE OPERATORS ACCOUNTABLE TO RECOVERY SUPPORT FOR RESIDENTS SEEKING FREEDOM FROM SUBSTANCE USE ADDICTION.OUR PRIMARY CONCERN IS THE RESIDENT, THEN THE COMMUNITY,LASTLY THE RESIDENCE OPERATOR.

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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 $60,000

Program Service Revenue $694,460

Investment Income $3,072

Other Revenue $0

TOTAL REVENUE $757,532

Expense Breakdown

Grants Paid $0

Salaries & Benefits $274,922

Fundraising Expenses $0

Program Expenses $457,886

Other Expenses $182,964

TOTAL EXPENSES $457,886

Year-over-Year Comparison

	2023	2022	Change
Revenue	$757,532	$569,009	+0.3%
Expenses	$457,886	$450,194	+0.0%
Net Income	$299,646	$118,815	+1.5%

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

N/A

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
MICHAEL CABOT	PRESIDENT	5.00	Officer	$0	$0	$0
MICHAEL GORDON	TREASURER	5.00	Officer	$0	$0	$0
PATRICK SLATTERY	VICE PRESIDE	5.00	Officer	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$757,532	$457,886	$465,925	$299,646
2022	$569,009	$450,194	$166,282	$118,815
2021	$399,900	$346,028	$48,032	$53,872
2020	$307,204	$315,524	$21,878	$-8,320

FLORIDA ASSOCIATION OF RECOVERY