FLORIDA ASSOCIATION OF INSURANCE AGENTS INC (EIN 590247064) - 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

1904

Legal Domicile

Principal Officer

KYLE ULRICH

Phone

8508934155

Tax Period

2023-09-01 to 2024-08-31

FLORIDA ASSOCIATION OF INSURANCE AGENTS INC, founded in 1904, is a community nonprofit that reported $9.7M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $8.5M left a modest 12% surplus.

Mission

TO SERVE THE NEEDS OF FLORIDA INSURANCE AGENTS AND CONSUMERS BY PROMOTING A HEALTHY AND COMPETITIVE INSURANCE ENVIRONMENT.

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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 $4,606,477

Investment Income $916,675

Other Revenue $4,175,890

TOTAL REVENUE $9,699,042

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,735,573

Fundraising Expenses $0

Other Expenses $3,780,251

TOTAL EXPENSES $8,515,824

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,699,042	$8,138,451	+0.2%
Expenses	$8,515,824	$7,379,538	+0.2%
Net Income	$1,183,218	$758,913	+0.6%

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

Volunteers

294

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

$1,582,955

Total Directors

Key Employees

$315,279

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TINA BLACKWELL-ROMAINE	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT POPILEK	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA CLAWSON HAMILTON	DIRECTOR	1.00	Director	$0	$0	$0
MATT OSTRANDER	DIRECTOR	1.00	Director	$0	$0	$0
MARY KATHARINE LAWLER	DIRECTOR	1.00	Director	$0	$0	$0
KEITH CARROLL	DIRECTOR	1.00	Director	$0	$0	$0
KARYN ROELING	CHAIRMAN-ELECT	3.00	Officer Director	$0	$0	$0
JEFF SCHLITT	NATIONAL DIRECTOR	3.00	Officer Director	$0	$0	$0
JASON CLOAR	DIRECTOR	1.00	Director	$0	$0	$0
GARRETT BUTLER	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS HEIDRICK	VICE CHAIRMAN	3.00	Officer Director	$0	$0	$0
BRIAN CHAPMAN	DIRECTOR	1.00	Director	$0	$0	$0
BOB ROLLINS	CHAIRMAN	5.00	Officer Director	$0	$0	$0
ALICIA ROSIER STEVENS	DIRECTOR	1.00	Director	$0	$0	$0
PAUL PEEPLES	VP & COO	45.00	Officer	$240,939	$43,283	$284,222
LANCE HAMPTON	CFO	45.00	Officer	$219,569	$33,115	$252,684
KYLE ULRICH	PRESIDENT & CEO	45.00	Officer	$575,986	$177,909	$753,895
DAVID NEWELL	VP	45.00	Officer	$248,440	$43,714	$292,154
LAURA PEARCE	VP & GENERAL COUNSEL	45.00	Key Emp	$272,140	$43,139	$315,279
JEFF ODOM	EDUCATION INSTRUCTOR	45.00	Highest	$112,261	$25,169	$137,430
DANIEL FRANCIS	DIRECTOR OF IT	45.00	Highest	$122,821	$20,341	$143,162
CYNTHIA MOLNAR	MEETING PLANNER	45.00	Highest	$123,903	$31,835	$155,738
BENJAMIN MURPHY	DIRECTOR OF GOV AFFAIRS	45.00	Highest	$185,635	$23,536	$209,171
AGATA WLODARCZYK	DIRECTOR OF MARKETING	45.00	Highest	$129,361	$21,855	$151,216

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	$9,699,042	$8,515,824	$25,273,779	$1,183,218
2023	$8,138,451	$7,379,538	$21,056,163	$758,913
2022	$7,681,350	$6,685,952	$19,355,911	$995,398
2021	$7,878,406	$6,653,269	$18,623,782	$1,225,137
2020	$6,868,525	$6,196,386	$17,617,431	$672,139
2019	$7,956,885	$7,218,600	$16,496,451	$738,285
2018	$7,606,329	$7,100,909	$15,925,357	$505,420

FLORIDA ASSOCIATION OF INSURANCE AGENTS INC