FLORIDA INDEPENDENT AUTOMOBILE DEA… - Form 990 Financial Data

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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

1940

Legal Domicile

Principal Officer

CHUCK BONNANO

Phone

3862871869

Tax Period

2024-01-01 to 2024-12-31

FLORIDA INDEPENDENT AUTOMOBILE DEALERS ASSOCIATION INC, founded in 1940, is a small nonprofit that reported $510K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

TO SUPPORT AND ASSIST MEMBERS IN UNDERSTANDING AND COMPLYING WITH REGULATORY ISSUES. TO ADVOCATE FAIR LEGISLATION ON BEHALF OF INDEPENDENT DEALERS AND THEIR CUSTOMERS. TO INCREASE MEMBERSHIP. PROMOTE A CODE OF ETHICS. ENHANCE THE IMAGE OF THE USED CAR DEALER. IMPROVE CUSTOMER CONFIDENCE AND SATISFACTION. THE IMAGE OF THE USED CAR DEALER. IMPROVE CUSTOMER CONFIDENCE AND SATISFACTION.

Program Service Accomplishments

Program 1

TO SERVE THE PUBLIC INTEREST AND TO BENEFIT INDEPENDENT AUTOMOBILE DEALERS BY FOSTERING THE HIGH STANDARDS OF BUSINESS CONDUCT THAT MERIT PUBLIC CONFIDENCE.

Program 2

TO DISSEMINATE INFORMATION HELPFUL TO INDEPENDENT DEALERS AND TO FACILITATE THE EXCHANGE OF IDEAS AMONG MEMBERS.

Program 3

TO PRESENT INFORMATION TO THE PUBLIC AND TO GOVERNMENTAL AGENCIES THAT WILL HELP THEM UNDERSTAND THE ROLE OF THE INDEPENDENT AUTOMOBILE DEALER IN THE ECONOMY.

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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 $0

Program Service Revenue $467,631

Investment Income $1,003

Other Revenue $41,096

TOTAL REVENUE $509,730

Expense Breakdown

Grants Paid $0

Salaries & Benefits $237,845

Fundraising Expenses $0

Other Expenses $286,035

TOTAL EXPENSES $523,880

Year-over-Year Comparison

	2024	2023	Change
Revenue	$509,730	$574,332	-0.1%
Expenses	$523,880	$778,152	-0.3%
Net Income	$-14,150	$-203,820	-0.9%

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

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

$132,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charles Bonanno	EXECUTIVE DIRECTOR	40.0	Officer	$132,000	$0	$132,000
Luis Giraldo	Chairman	10.0	Officer Director	$0	$0	$0
Michael Fernandez	President	10.0	Officer Director	$0	$0	$0
Leigh Anne Thompson	President-Elect	10.0	Officer Director	$0	$0	$0
Jason March	Treasurer	10.0	Officer Director	$0	$0	$0
Marissa Kaliman	Secretary	10.0	Officer Director	$0	$0	$0
Byron Oldham	Vice President	10.0	Officer Director	$0	$0	$0
Mike Clark Jr	Vice President	10.0	Officer Director	$0	$0	$0
Borys Klementowski	Vice President	10.0	Officer Director	$0	$0	$0
Matt McGill	Vice President	10.0	Officer Director	$0	$0	$0
Don Scott	Honorary	5.0	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	$509,730	$523,880	$473,029	$-14,150
2023	$574,332	$778,152	$494,141	$-203,820
2022	$308,739	$470,368	$859,813	$-161,629
2021	$701,225	$754,495	$856,598	$-53,270
2020	$461,707	$597,833	$944,015	$-136,126
2019	$688,924	$684,550	$1,079,552	$4,374
2018	$647,892	$605,248	$1,056,523	$42,644

FLORIDA INDEPENDENT AUTOMOBILE DEALERS ASSOCIATION INC