FLORIDA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS INC (EIN 590578470) - 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

1905

Legal Domicile

Principal Officer

SHELLY WEIR

Phone

8502242727

Tax Period

2023-07-01 to 2024-06-30

FLORIDA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS INC, founded in 1905, is a community nonprofit that reported $8.7M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $7.9M left a modest 10% surplus.

Mission

Protect the value of the CPA license, pro mote the accounting profession, educate & enrich the professional exce llence of our members, & innovate through forward-thinking leadership

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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 $7,958,424

Investment Income $700,769

Other Revenue $70,636

TOTAL REVENUE $8,729,829

Expense Breakdown

Grants Paid $276,528

Salaries & Benefits $4,272,425

Fundraising Expenses $0

Other Expenses $3,320,419

TOTAL EXPENSES $7,869,372

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,729,829	$7,758,143	+0.1%
Expenses	$7,869,372	$7,682,366	+0.0%
Net Income	$860,457	$75,777	+10.4%

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

418

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

$931,647

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shelly Weir	President/CEO	40.0	Officer	$384,383	$39,738	$424,121
Carrie Summerlin	CHIEF GROWTH & INNOVAT OFFICER	40.0	Officer	$211,736	$17,410	$229,146
Paul Brown	VP of Prof & Tech Standards	40.0	Highest	$149,111	$33,152	$182,263
Kristin High	Chief Financial Officer	40.0	Officer	$151,998	$25,395	$177,393
Ivey Rose Smith	VP of Membership	40.0	Highest	$119,212	$36,155	$155,367
Jason Harrell	Chief External Affairs Officer	40.0	Officer	$74,916	$697	$75,613
Justin Thames	Chief External Affairs Officer	40.0	Officer	$24,357	$1,017	$25,374
Key O'Keefe	Chair	4.0	Officer Director	$0	$0	$0
Eduardo Duarte	Chair-Elect	4.0	Officer Director	$0	$0	$0
Kristin Bivona	Past Chair - Current	4.0	Officer Director	$0	$0	$0
Jessica Bormey	Member-at-Large	1.0	Director	$0	$0	$0
Adam Daniels	Member-at-Large	1.0	Director	$0	$0	$0
Ashley Fagan	Member-at-Large	1.0	Director	$0	$0	$0
Adam Gay	Member-at-Large	1.0	Director	$0	$0	$0
Peter Golotko	Member-at-Large	1.0	Director	$0	$0	$0
Carlos Grosmann	Member-at-Large	1.0	Director	$0	$0	$0
Anne Marie Hicks	Member-at-Large	1.0	Director	$0	$0	$0
Kathryn Horton	Director	3.0	Director	$0	$0	$0
Elizabeth Jackson	BOD Liaison	1.0	Director	$0	$0	$0
Tarsha Jacobs	Member-at-Large	1.0	Director	$0	$0	$0
Jennifer Keller	Director	3.0	Director	$0	$0	$0
Amy Kistka	Director	3.0	Director	$0	$0	$0
Karen Lake	Director	3.0	Director	$0	$0	$0
Robert Maya	Member-at-Large	1.0	Director	$0	$0	$0
Graeme Mellet	Member-at-Large	1.0	Director	$0	$0	$0
Chris Oatis	Director	3.0	Director	$0	$0	$0
Mindy Rankin	Director	3.0	Director	$0	$0	$0
Heber Rojas	Member-at-Large	1.0	Director	$0	$0	$0
Brion Sharpe	Director	3.0	Director	$0	$0	$0
Jesus Socorro	Director	3.0	Director	$0	$0	$0
Christopher Stemley	Member-at-Large	1.0	Director	$0	$0	$0
Alexander Sueiro	Member-at-Large	1.0	Director	$0	$0	$0
Cheri Swain	Member-at-Large	1.0	Director	$0	$0	$0
Alex Welsh	Member-at-Large	1.0	Director	$0	$0	$0
Aharon Yoki	Member-at-Large	1.0	Director	$0	$0	$0
Dana Zukierski	Member-at-Large	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
2025	No data	No data	No data	No data
2024	$8,729,829	$7,869,372	$25,401,120	$860,457
2023	$7,758,143	$7,682,366	$22,838,644	$75,777
2022	$7,489,719	$7,745,227	$18,346,520	$-255,508
2021	$6,962,414	$5,891,010	$19,860,693	$1,071,404
2020	$7,274,088	$6,988,473	$15,562,467	$285,615
2019	$8,109,207	$7,734,925	$16,063,682	$374,282
2018	$8,381,139	$8,101,338	$13,190,767	$279,801

FLORIDA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS INC