FLORIDA SHIPOWNERS GROUP INC (EIN 562584909) - 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

2006

Legal Domicile

Principal Officer

JOE ESPINOSA

Phone

9543318067

Tax Period

2025-01-01 to 2025-12-31

FLORIDA SHIPOWNERS GROUP INC, founded in 2006, is a small nonprofit in the Community Improvement sector that reported $343K in total revenue in fiscal year 2025. The organization ran a surplus of $53K, a strong 15% operating margin.

Mission

FLORIDA SHIPOWNERS GROUP, INC. SOLE FUNCTION IS TO PROVIDE ADMINISTRATIVE AND HOUSEKEEPING SUPORT FOR THE FMC AUTHORIZED DISCUSSION AGREEMENT

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $343,068

Investment Income $0

Other Revenue $0

TOTAL REVENUE $343,068

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $290,071

Other Expenses $290,071

TOTAL EXPENSES $290,071

Year-over-Year Comparison

	2025	2024	Change
Revenue	$343,068	$326,988	+0.0%
Expenses	$290,071	$360,043	-0.2%
Net Income	$52,997	$-33,055	-2.6%

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

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
BRETT BENNETT	DIRECTOR	N/A	Officer	$0	$0	$0
JOE ESPINOSA	PRESIDENT/SE	N/A	Officer	$0	$0	$0
JOSE GOMEZ	DIRECTOR	N/A	Officer	$0	$0	$0
EDWARD GONZALEZ	DIRECTOR	N/A	Officer	$0	$0	$0
DAVID HYDE	DIRECTOR	N/A	Officer	$0	$0	$0
TIM MARTIN	DIRECTOR	N/A	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	$343,068	$290,071	$155,424	$52,997
2024	$326,988	$360,043	$102,427	$-33,055
2023	$292,612	$272,552	$135,482	$20,060
2022	$289,757	$318,844	$65,994	$-29,087
2021	$276,034	$272,914	$95,081	$3,120
2020	$276,807	$269,906	$91,961	$6,901
2019	$272,636	$282,162	$85,060	$-9,526
2018	$268,860	$268,384	$94,586	$476

FLORIDA SHIPOWNERS GROUP INC