FLORIDA RETAIL FEDERATION INC

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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

1960

Legal Domicile

Principal Officer

R SCOTT SHALLEY

Phone

8502224082

Tax Period

2023-01-01 to 2023-12-31

FLORIDA RETAIL FEDERATION INC, founded in 1960, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Expenses of $2.1M exceeded revenue, resulting in a 33% operating deficit.

Mission

THE FLORIDA RETAIL FEDERATION ADVOCATES, PROMOTES, AND SAFEGUARDS RETAILING.

Program Service Accomplishments

Program 1

SUCCESSFULLY REPRESENT THE RETAIL INDUSTRY IN LEGISLATURE AND ITS REGULATORY PROCESSES FOR THE STATE OF FLORIDA. SUCCESSFULLY WORK WITH THE PUBLIC SERVICE COMMISSION TO INTERVENE ON BEHALF OF THE...

SUCCESSFULLY REPRESENT THE RETAIL INDUSTRY IN LEGISLATURE AND ITS REGULATORY PROCESSES FOR THE STATE OF FLORIDA. SUCCESSFULLY WORK WITH THE PUBLIC SERVICE COMMISSION TO INTERVENE ON BEHALF OF THE RETAILERS IN THE STATE OF FLORIDA WHEN POWER COMPANIES PROPOSE EXORBITANT RATE INCREASES, THEREFORE SAVING RETAILERS MONEY AND IMPROVING THEIR BOTTOM LINES.

Program 2

PROVIDE RELEVANT INFORMATION TO THE FEDERATION'S MEMBERSHIP AND ALLOW OPPORTUNITIES FOR RETAILERS TO GATHER TOGETHER, RECOGNIZING OUTSTANDING RETAILERS AND LAW ENFORCEMENT OFFICIALS IN THE STATE OF...

Program 3

PROVIDE COST-SAVING SOLUTIONS TO THE BENEFIT OF THE ORGANIZATION'S 1,087 MEMBERS.

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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 $45,000

Program Service Revenue $832,188

Investment Income $31,183

Other Revenue $634,269

TOTAL REVENUE $1,542,640

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,226,699

Fundraising Expenses $0

Other Expenses $824,822

TOTAL EXPENSES $2,051,521

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,542,640	$1,518,164	+0.0%
Expenses	$2,051,521	$1,748,380	+0.2%
Net Income	$-508,881	$-230,216	+1.2%

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

$566,024

Total Directors

$409,578

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BLAIR REINARMAN	DIRECTOR	0.25	Director	$0	$0	$0
PHILLIP HOLT	DIRECTOR	0.25	Director	$0	$0	$0
JEFF ORTMEIER	DIRECTOR	0.25	Director	$0	$0	$0
JEREMY HANCOCK	DIRECTOR	0.25	Director	$0	$0	$0
KENT KNUTSON	DIRECTOR	0.25	Director	$0	$0	$0
SCOTT R SHALLEY	PRESIDENT & CEO	40.00	Officer Director	$354,569	$55,009	$409,578
ADAM BABINGTON	DIRECTOR	0.25	Director	$0	$0	$0
STEVE BROPHY	DIRECTOR	0.25	Director	$0	$0	$0
MONESIA BROWN	TREASURER	0.25	Officer Director	$0	$0	$0
MOLLY CAGLE	DIRECTOR	0.25	Director	$0	$0	$0
CASEY CESNOVAR	DIRECTOR	0.25	Director	$0	$0	$0
THOMAS CULLIGAN	DIRECTOR	0.25	Director	$0	$0	$0
DAN DOYLE	DIRECTOR	0.25	Director	$0	$0	$0
JIM DUNN	DIRECTOR	0.25	Director	$0	$0	$0
DEAN ELLIOTT	CHAIR OF EXEC COM.	0.25	Officer Director	$0	$0	$0
MICHELLE GOODWIN	DIRECTOR	0.25	Director	$0	$0	$0
MEREDITH HURLEY	DIRECTOR	0.25	Director	$0	$0	$0
HEATHER KENNEDY	DIRECTOR	0.25	Director	$0	$0	$0
MIKE KING	DIRECTOR	0.25	Director	$0	$0	$0
DAN LOPEZ	VICE CHAIR	0.25	Officer Director	$0	$0	$0
LISA MERGEL	DIRECTOR	0.25	Director	$0	$0	$0
CHARLES MILLER	DIRECTOR	0.25	Director	$0	$0	$0
THOMAS PETRILLO	DIRECTOR	0.25	Director	$0	$0	$0
BRUCE PHILLIPS	DIRECTOR	0.25	Director	$0	$0	$0
JOANNE POWERS	DIRECTOR	0.25	Director	$0	$0	$0
MEREDITH PRELOH	BOARD CHAIR	0.25	Officer Director	$0	$0	$0
BROOKE TINER	DIRECTOR	0.25	Director	$0	$0	$0
JAKE FARMER	DIRECTOR	0.25	Director	$0	$0	$0
BESS ANDERSON	DIRECTOR	0.25	Director	$0	$0	$0
DIANA ARTEAGA	DIRECTOR	0.25	Director	$0	$0	$0
CRISTAL COLE	DIRECTOR	0.25	Director	$0	$0	$0
ALLEN HORNE	DIRECTOR	0.25	Director	$0	$0	$0
DEBBIE CROW	CFO	1.00	Officer	$120,498	$35,948	$156,446
LORENA HOLLEY	VP & GENERAL COUNSEL	1.00	Highest	$128,578	$16,949	$145,527

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	No data	No data	No data	No data
2023	$1,542,640	$2,051,521	$8,737,740	$-508,881
2022	$1,518,164	$1,748,380	$8,349,565	$-230,216
2021	$1,665,518	$2,036,486	$9,443,472	$-370,968
2020	$1,046,392	$1,592,276	$9,176,164	$-545,884
2019	$1,913,236	$2,159,517	$9,419,779	$-246,281
2018	$1,852,647	$2,244,299	$9,587,013	$-391,652