SOUTH FLORIDA MANUFACTURERS ASSOCIATION INC

EIN: 590936969

FORT LAUDERDALE, FL

Total Revenue
$691,469
Total Expenses
$740,396
Total Assets
$264,209
Net Assets
$242,705
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1961
Legal Domicile
FL
Principal Officer
MATTHEW ROCCO
Phone
9549413558
Tax Period
2023-07-01 to 2024-06-30

SOUTH FLORIDA MANUFACTURERS ASSOCIATION INC, founded in 1961, is a small nonprofit that reported $691K in total revenue in fiscal year 2023.

Mission

TO SERVE MANUFACTURERS THROUGH ADVOCACY, NETWORKING AND RESOURCES.

Program Service Accomplishments

Program 1

ADVOCACY-EACH YEAR, IN CONCERT WITH OTHER REGIONAL MANUFACTURERS ASSOCIATIONS, LEGISLATIVE CHANGES ARE SELECTED FOR THE MANUFACTURING INDUSTRY, HIGHLIGHTING ITEMS OF INTEREST TO THE MANUFACTURING...

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ADVOCACY-EACH YEAR, IN CONCERT WITH OTHER REGIONAL MANUFACTURERS ASSOCIATIONS, LEGISLATIVE CHANGES ARE SELECTED FOR THE MANUFACTURING INDUSTRY, HIGHLIGHTING ITEMS OF INTEREST TO THE MANUFACTURING INDUSTRY.

Program 2

NETWORKING-SFMA HOLDS A NUMBER OF POPULAR NETWORKING EVENTS WHICH INCLUDE: -PLANT TOURS -SOCIALS -GOLF TOURNAMENT -RECOGNITION OF EXCELLENCE AWARDS BANQUET -ANNUAL MEETINGWORKFORCE...

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NETWORKING-SFMA HOLDS A NUMBER OF POPULAR NETWORKING EVENTS WHICH INCLUDE: -PLANT TOURS -SOCIALS -GOLF TOURNAMENT -RECOGNITION OF EXCELLENCE AWARDS BANQUET -ANNUAL MEETINGWORKFORCE DEVELOPMENT-FINDING A QUALIFIED WORKFORCE IS ALWAYS A CHALLENGE FOR MANUFACTURERS HERE IN SOUTH FLORIDA. SFMA HELPS MEMBERS BY PROVIDING TRAINING, GRANT ASSISTANCE, JOB FAIRS, NETWORKING AND MUCH MORE.GRANT ASSISTANCE-THE SFMA ASSISTS MEMBERS IN PROCURING GRANT DOLLARS TO OFFSET TRAINING COSTS. IN PREVIOUS YEARS, IT HELPED MEMBERS OBTAIN MORE THAN $500,000 IN GRANT DOLLARS.FLORIDAMAKES-AS PART OF THE MEMBERSHIP, THE SFMA'S MANUFACTURING MEMBERS RECEIVE SOME FLORIDAMAKES BUSINESS ADVISORY SERVICES FOR FREE OR AT SPECIALLY REDUCED MEMBER RATES. FLORIDAMAKES' SOLE MISSION IS TO STRENGTHEN AND ADVANCE FLORIDA'S ECONOMY BY IMPROVING THE COMPETIVENESS, PRODUCTIVITY, AND TECHNOLOGICAL PERFORMANCE OF ITS MANUFACTURING SECTOR. THE SFMA SUPPORTS THEIR MISSION BY PARTNERING TO PROVIDE SERVICES AND SOLUTIONS TO OUR MANUFACTURERS FOCUSED ON THREE PRINCIPLE VALUE STREAMS: TECHNOLOGY ADOPTION, TALENT DEVELOPMENT, AND BUSINESS GROWTH. JOB FAIRS -THE SFMA FROM TIME-TO-TIME PARTNERS WITH LOCAL WORKFORCE DEVELOPMENT BOARDS TO HOST COUNTYWIDE JOB FAIRS FOR MEMBERS FOR RECRUITING. THE SFMA OCCASIONALLY WILL HOST A JOB FAIR AT A LOCAL COLLEGE IN ITS REGION.

Program 3

TRAINING AND IMPLEMENTATION-THE SFMA'S MANUFACTURERS TRAINING INSTITUTE SPECIALIZES IN THE DEVELOPMENT AND DELIVERY OF TECHNICAL AND EMPLOYABILITY SKILLS TRAINING OFFERING ONSITE AND OPEN ENROLLMENT...

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TRAINING AND IMPLEMENTATION-THE SFMA'S MANUFACTURERS TRAINING INSTITUTE SPECIALIZES IN THE DEVELOPMENT AND DELIVERY OF TECHNICAL AND EMPLOYABILITY SKILLS TRAINING OFFERING ONSITE AND OPEN ENROLLMENT CLASSES.GRANT ASSISTANCE-THE SFMA ASSISTS MEMBERS IN PROCURING GRANT DOLLARS TO OFFSET TRAINING COSTS. THE SFMA, IN PARTNERSHIP WITH FLORIDAMAKES, ASSISTED MEMBERS IN THE DEVELOPMENT OF TRAINING PLANS AND ITS MEMBERS SUBMIED TRAINING GRANTS TO SECURE FUNDING FROM CAREERSOURCE FLORIDA.FLORIDAMAKES -FLORIDAMAKES IS A STATEWIDE, INDUSTRY-LED, PUBLIC-PRIVATE ORGANIZAON DESIGNED TO HELP GROW MANUFACTURING GDP IN THE STATE OF FLORIDA.PARTNERSHIP. FLORIDAMAKES' SOLE MISSION IS TO STRENGTHEN AND ADVANCE FLORIDA'S ECONOMY BY IMPROVING THE COMPETIVENESS, PRODUCTIVITY, AND TECHNOLOGICAL PERFORMANCE OF ITS MANUFACTURING SECTOR. THE SFMA IS THE OFFICIAL REPRESENTATIVE OF THE FLORIDAMAKES NETWORK IN SOUTH FLORIDA. THE SFMA SUPPORTS THEIR MISSION BY PARTNERING TO PROVIDE SERVICES AND SOLUTIONS TO OUR MANUFACTURERS FOCUSED ON THREE PRINCIPLE VALUE STREAMS: TECHNOLOGY ADOPTION, TALENT DEVELOPMENT, AND BUSINESS GROWTH. AS OF QUARTER 4 OF 2023, THE ECONOMIC IMPACT TO THE SOUTH FLORIDA REGION WAS $2 BILLION DOLLARS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $320,199
Program Service Revenue $355,806
Investment Income $90
Other Revenue $15,374
TOTAL REVENUE $691,469

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $740,396
TOTAL EXPENSES $740,396

Year-over-Year Comparison

2023 2022 Change
Revenue $691,469 $673,170 +0.0%
Expenses $740,396 $627,709 +0.2%
Net Income $-48,927 $45,461 -2.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
24
Independent Members
24
Employees
1
Volunteers
75

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
5
$139,494
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERI KAYE TREASURER 2.00
Officer Director
$0 $0 $0
DONNA BEAN CHAIR 2.00
Officer Director
$0 $0 $0
ANDREA LARA VICE CHAIR - MANUFACTURING 2.00
Officer Director
$0 $0 $0
CHRIS SHEA VICE CHAIR - SERVICE 2.00
Officer Director
$0 $0 $0
ADAM MORAN DIRECTOR 1.00
Director
$0 $0 $0
ALAN L GAREY DIRECTOR 1.00
Director
$0 $0 $0
APRIL BOYER DIRECTOR 1.00
Director
$0 $0 $0
ANDY SCHNURER DIRECTOR 1.00
Director
$0 $0 $0
DONNA HOOVER DIRECTOR 1.00
Director
$0 $0 $0
DAVID ROSEN DIRECTOR 1.00
Director
$0 $0 $0
D PRESTON STEELE DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINE BITTNER DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH SERRANIA DIRECTOR 1.00
Director
$0 $0 $0
EDDIE POPELCA DIRECTOR 2.00
Director
$0 $0 $0
JOE ACQUAVIVA DIRECTOR 1.00
Director
$0 $0 $0
JONATHAN PECHMAJOU DIRECTOR 1.00
Director
$0 $0 $0
JIM BIRCH DIRECTOR 1.00
Director
$0 $0 $0
TODD HOLT DIRECTOR 1.00
Director
$0 $0 $0
KRISTEN MAIRO DIRECTOR 1.00
Director
$0 $0 $0
MAIKE KRANZ DIRECTOR 1.00
Director
$0 $0 $0
MARI GRANDE DIRECTOR 4.00
Director
$0 $0 $0
STEPHANIE MASON DIRECTOR 1.00
Director
$0 $0 $0
SHAWN ROWAN DIRECTOR 3.00
Director
$0 $0 $0
VINCE YARINA DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW ROCCO PRESIDENT (1/1/2023-12/31/ 40.00
Officer
$0 $15,299 $139,494
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 $691,469 $740,396 $264,209 $-48,927
2023 $673,170 $627,709 $328,240 $45,461
2022 $575,968 $543,436 $268,486 $32,532
2021 $430,519 $375,157 $297,282 $55,362
2020 $372,972 $391,375 $215,265 $-18,403
2019 $488,881 $484,342 $239,070 $4,539
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