SUNSHINE STATE TOWING ASSOCIATION Inc (EIN 462094252) - 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

2013

Legal Domicile

Principal Officer

Brett Holcombe

Phone

8885754145

Tax Period

2024-01-01 to 2024-12-31

SUNSHINE STATE TOWING ASSOCIATION Inc, founded in 2013, is a small nonprofit in the Education sector that reported $149K in total revenue in fiscal year 2024. Expenses of $187K exceeded revenue, resulting in a 26% operating deficit.

Mission

TO PROMOTE THE TOWING INDUSTRY IN THE STATE OF FLORIDA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $57,774

Program Service Revenue $50,346

Investment Income $0

Other Revenue $40,453

TOTAL REVENUE $148,573

Expense Breakdown

Grants Paid $8,250

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $153,304

Other Expenses $178,579

TOTAL EXPENSES $186,829

Year-over-Year Comparison

	2024	2023	Change
Revenue	$148,573	$143,692	+0.0%
Expenses	$186,829	$169,229	+0.1%
Net Income	$-38,256	$-25,537	+0.5%

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

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
Brett Holcombe	President	2.0	Officer Director	$0	$0	$0
Amanda Balboa	Vice President	6.0	Officer Director	$0	$0	$0
Kelly Barrett	2nd Vice President	12.0	Officer Director	$0	$0	$0
Alexis Ramos	Secretary	10.0	Officer Director	$0	$0	$0
Crystal Griffin	Treasurer	15.0	Officer Director	$0	$0	$0
Greg Gaylord	Legislative Liaison	1.0	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	$148,573	$186,829	$80,067	$-38,256
2023	$143,692	$169,229	$118,323	$-25,537
2022	$159,882	$157,794	$144,639	$2,088
2021	$178,517	$231,789	$161,289	$-53,272
2020	$196,398	$78,084	$195,044	$118,314

SUNSHINE STATE TOWING ASSOCIATION Inc