FLORIDA INSURANCE COUNCIL INC (EIN 590996633) - 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

1962

Legal Domicile

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

TO PROMOTE THE INSURANCE INDUSTRY IN THE STATE OF FLORIDA THROUGH EDUCATION, PUBLIC RELATIONS, AND LEGISLATIVE 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%)

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

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

$476,268

Total Directors

$476,268

Key Employees

Highest Compensated

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

FLORIDA INSURANCE COUNCIL INC