FLORIDA INSURANCE COUNCIL INC

EIN: 590996633

TALLAHASSEE, FL

Total Revenue
$1,699,029
Total Expenses
$1,888,777
Total Assets
$1,115,681
Net Assets
$795,578
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1962
Legal Domicile
FL
Principal Officer
CECIL PEARCE
Phone
8503866668
Tax Period
2023-01-01 to 2023-12-31

FLORIDA INSURANCE COUNCIL INC, founded in 1962, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Expenses of $1.9M exceeded revenue, resulting in a 11% operating deficit.

Mission

THE FLORIDA INSURANCE COUNCIL'S MISSION IS TO PROVIDE VALUE THROUGHEDUCATION, RESEARCH, AND REPRESENTATION BEFORE CONSUMER, LEGISLATIVE,REGULATORY, AND JUDICIARY ORGANIZATIONS. THE COUNCIL IS DEDICATED TOTHE HIGHEST STANDARDS OF BUSINESS ETHICS AND PROFESSIONALISM;COMMITTED TO PROMOTING AND PROTECTING THE VIABILITY OF THE INSURANCEMARKET; RESOLVED TO EARN CONSUMER CONFIDENCE AND TRUST, ANDDETERMINED TO FOSTER A POSITIVE PUBLIC IMAGE OF THE INSURANCECOMMUNITY.

Program Service Accomplishments

Program 1

SEMINARS AND WORKSHOPS - ENABLE THE COUNCIL TO EDUCATE ITS MEMBERSAND THE GENERAL PUBLIC ON ISSUES IMPACTING THE INSURANCE INDUSTRY.

Program 2

SPECIAL PROJECTS - ENABLE THE COUNCIL TO BECOME INVOLVED INSPECIAL PROJECTS THAT ARE OF INTEREST TO ITS MEMBERS AND ARERELATED TO LEGISLATIVE AND REGULATORY CHANGES AFFECTING THEINSURANCE INDUSTRY IN...

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SPECIAL PROJECTS - ENABLE THE COUNCIL TO BECOME INVOLVED INSPECIAL PROJECTS THAT ARE OF INTEREST TO ITS MEMBERS AND ARERELATED TO LEGISLATIVE AND REGULATORY CHANGES AFFECTING THEINSURANCE INDUSTRY IN FLORIDA.

Program 3

ANNUAL CONFERENCE - ENABLE THE COUNCIL TO PROMOTE THE INSURANCEINDUSTRY IN FLORIDA THROUGH EDUCATION, PUBLIC RELATIONS, ANDLEGISLATIVE AND REGULATORY REPRESENTATION.

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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 $0
Program Service Revenue $1,670,852
Investment Income $20,965
Other Revenue $7,212
TOTAL REVENUE $1,699,029

Expense Breakdown

Grants Paid $3,756
Salaries & Benefits $908,693
Fundraising Expenses $0
Other Expenses $976,328
TOTAL EXPENSES $1,888,777

Year-over-Year Comparison

2023 2022 Change
Revenue $1,699,029 $1,759,782 0.0%
Expenses $1,888,777 $1,745,646 +0.1%
Net Income $-189,748 $14,136 -14.4%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
29
Independent Members
28
Employees
3
Volunteers
36

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
6
$476,268
Total Directors
37
$476,268
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALLISON HESS SITTE DIRECTOR 1.00
Director
$0 $0 $0
BRENT BRUMMER DIRECTOR 1.00
Director
$0 $0 $0
BRIAN PLEVA DIRECTOR (PARTIAL YEAR) 1.00
Director
$0 $0 $0
CECIL L PEARCE PRESIDENT 40.00
Officer Director
$456,000 $20,268 $476,268
COREY PETERSON DIRECTOR 1.00
Director
$0 $0 $0
DARIE JORDAN SECRETARY (PARTIAL YEAR) 1.00
Officer Director
$0 $0 $0
DAVID PIZZI IMMEDIATE PAST CHAIR (PARTIAL YEAR) 1.00
Officer Director
$0 $0 $0
DAVID WARD DIRECTOR 1.00
Director
$0 $0 $0
ERIC DUPONT DIRECTOR 1.00
Director
$0 $0 $0
ERIC M GOLDBERG DIRECTOR 1.00
Director
$0 $0 $0
ERIC MUSSER DIRECTOR (PARTIAL YEAR) 1.00
Director
$0 $0 $0
GIL VALDES DIRECTOR 1.00
Director
$0 $0 $0
GREGORY M REDMOND DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER WEBB DIRECTOR 1.00
Director
$0 $0 $0
KIMBERLY BLACKBURN DIRECTOR 1.00
Director
$0 $0 $0
KIRK LA DIRECTOR 1.00
Director
$0 $0 $0
LISA CONLEY DIRECTOR 1.00
Director
$0 $0 $0
LIZ REYNOLDS DIRECTOR 1.00
Director
$0 $0 $0
MALCOLM SMITH DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW AHMANN DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL F MCCANN DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL R CRATEM DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL T JALOVEC DIRECTOR 1.00
Director
$0 $0 $0
PEGGY CAMERINO TREASURER/ VICE CHAIR (PARTIAL YEAR) 1.00
Officer Director
$0 $0 $0
RAYMOND G WAUGH JR CHAIR (PARTIAL YEAR) 1.00
Officer Director
$0 $0 $0
RAYMOND M BLACKLIDGE DIRECTOR (PARTIAL YEAR) 1.00
Director
$0 $0 $0
RICHARD THOMPSON TREASURER 1.00
Officer Director
$0 $0 $0
ROBERT E WHITE JR DIRECTOR 1.00
Director
$0 $0 $0
ROBERT G MENKE DIRECTOR 1.00
Director
$0 $0 $0
SAMANTHA FERRIN DIRECTOR 1.00
Director
$0 $0 $0
STACEY GIULANTI DIRECTOR 1.00
Director
$0 $0 $0
STEPHANIE HAAS DIRECTOR 1.00
Director
$0 $0 $0
SUSAN BURRELL DIRECTOR 1.00
Director
$0 $0 $0
SUZANNE LOOMIS DIRECTOR 1.00
Director
$0 $0 $0
TED KENNEDY DIRECTOR 1.00
Director
$0 $0 $0
TONEY TRENZELUK DIRECTOR (PARTIAL YEAR) 1.00
Director
$0 $0 $0
WILLIAM MELCHIONNI III DIRECTOR 1.00
Director
$0 $0 $0
KATRINA CALLAWAY GENERAL COUNSEL 40.00
Highest
$250,150 $30,500 $280,650
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 $1,699,029 $1,888,777 $1,115,681 $-189,748
2022 $1,759,782 $1,745,646 $1,287,535 $14,136
2021 $1,816,663 $1,576,718 $1,399,532 $239,945
2020 $1,736,001 $1,475,601 $1,098,509 $260,400
2019 $1,884,470 $1,686,216 $794,681 $198,254
2018 $1,749,901 $1,636,394 $691,575 $113,507
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