FLORIDA MEDICAL PRACTICE PLAN INC

EIN: 571234883 501(c)(3) Education

TALLAHASSEE, FL

Total Revenue
$11,647,599
Total Expenses
$12,095,392
Total Assets
$5,166,907
Net Assets
$1,478,791
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
FL
Principal Officer
ALMA LITTLES MD
Phone
8506452827
Tax Period
2024-07-01 to 2025-06-30

FLORIDA MEDICAL PRACTICE PLAN INC, founded in 2006, is a mid-sized nonprofit in the Education sector that reported $11.6M in total revenue in fiscal year 2024.

Mission

THE PURPOSES OF FLORIDA MEDICAL PRACTICE PLAN ARE TO: 1) FURTHER THE EDUCATION, SERVICE, AND RESEARCH MISSIONS OF THE FLORIDA STATE UNIVERSITY COLLEGE OF MEDICINE, A COMPONENT OF THE FLORIDA STATE UNIVERSITY BOARD OF TRUSTEES; AND 2) ENABLE FACULTY TO MAINTAIN CLINICAL COMPETENCE, FULFILL CERTIFICATION REQUIREMENTS, SHARE EXPERTISE WITH OTHER HEALTH CARE PROVIDERS, AND SERVE AS CLINICAL TEACHERS FOR STUDENTS AND RESIDENT PHYSICIANS.

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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 $11,587,464
Investment Income $60,135
Other Revenue $0
TOTAL REVENUE $11,647,599

Expense Breakdown

Grants Paid $97,600
Salaries & Benefits $9,140,747
Fundraising Expenses $0
Program Expenses $11,885,596
Other Expenses $2,857,045
TOTAL EXPENSES $12,095,392

Year-over-Year Comparison

2024 2023 Change
Revenue $11,647,599 $11,756,652 0.0%
Expenses $12,095,392 $11,149,284 +0.1%
Net Income $-447,793 $607,368 -1.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
N/A
Employees
149
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
7
$2,565,376
Total Directors
11
$4,329,017
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALMA LITTLES MD PRESIDENT 1.00
Officer Director
$0 $57,073 $557,195
JOEDRECKA BROWN-SPEIGHTS MD VICE PRESIDENT 1.00
Officer Director
$15,488 $42,647 $377,138
BENJAMIN SMITH DMSC PA-C DFAAPA SECRETARY 1.00
Officer Director
$4,984 $40,932 $248,280
KYLE CLARK MBA TREASURER AS OF 2/3/2025; FORMER DIRECTOR 1.00
Officer Director
$0 $57,430 $630,941
RICHARD NOWAKOWSKI PHD DIRECTOR AS OF 2/3/2025; FORMER TREASURER 1.00
Officer Director
$0 $41,495 $344,095
WILLIAM C BOYER DHSC MS CHSE DIRECTOR 1.00
Director
$0 $39,574 $332,288
JAMES CLARK PHD DIRECTOR 0.50
Director
$0 $56,180 $627,347
HEATHER FLYNN PHD DIRECTOR 2.00
Director
$0 $41,236 $360,902
LISA GRANVILLE MD DIRECTOR 1.00
Director
$24,418 $54,440 $399,292
STACEY PATTERSON PHD DIRECTOR AS OF 2/4/2025 1.00
Director
$0 $0 $0
MICHAEL J SWEENEY MD MBA FACS DIRECTOR 1.00
Director
$0 $56,385 $451,539
LAQUANTA JAUNICE GOWDER ROSIER CFO 40.00
Officer
$66,728 $34,293 $135,825
CHRISTOPHER PAUL MULROONEY COO 40.00
Officer
$4,340 $43,126 $271,902
PAUL KATZ MD FORMER DIRECTOR 0.00
$34,516 $19,996 $133,319
JONATHAN S APPELBAUM MD FORMER DIRECTOR 0.00
$36,460 $20,333 $242,303
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 $11,647,599 $12,095,392 $5,166,907 $-447,793
2024 $11,756,652 $11,149,284 $6,475,996 $607,368
2023 $10,922,404 $12,163,830 $4,906,814 $-1,241,426
2022 $8,676,982 $9,815,905 $5,825,533 $-1,138,923
2021 $9,443,720 $9,313,919 $6,356,277 $129,801
2020 $7,625,682 $7,973,327 $6,439,041 $-347,645
2019 $6,228,065 $6,564,518 $6,455,956 $-336,453
2018 $5,350,671 $4,591,012 $6,427,538 $759,659
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