FLORIDA MUNICIPAL ELECTRIC ASSOCIATION

EIN: 591267173

TALLAHASSEE, FL

Total Revenue
$2,580,798
Total Expenses
$2,323,144
Total Assets
$2,491,515
Net Assets
$2,236,029
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
FL
Principal Officer
AMY ZUBALY
Phone
8502243314
Tax Period
2024-10-01 to 2025-09-30

FLORIDA MUNICIPAL ELECTRIC ASSOCIATION, founded in 1988, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2024. Expenses of $2.3M left a modest 10% surplus.

Mission

STATE TRADE ASSOCIATION FOR FLORIDA'S 33 MUNICIPAL ELECTRIC UTILITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $9,290
Program Service Revenue $2,508,616
Investment Income $62,892
Other Revenue $0
TOTAL REVENUE $2,580,798

Expense Breakdown

Grants Paid $0
Salaries & Benefits $878,812
Fundraising Expenses $0
Program Expenses $1,857,560
Other Expenses $1,444,332
TOTAL EXPENSES $2,323,144

Year-over-Year Comparison

2024 2023 Change
Revenue $2,580,798 $2,400,108 +0.1%
Expenses $2,323,144 $2,291,583 +0.0%
Net Income $257,654 $108,525 +1.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
31
Independent Members
31
Employees
7
Volunteers
N/A

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
1
$222,917
Total Directors
56
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CLINT BULLOCK PRESIDENT 0.25
Director
$0 $0 $0
ED LIBERTY PRESIDENT ELECT 0.25
Director
$0 $0 $0
STEVE LANGLEY VICE PRESIDENT 0.25
Director
$0 $0 $0
TONY GUILLEN SECRETARY/TREASURER 0.25
Director
$0 $0 $0
BRIAN HORTON IMMEDIATE PAST PRESIDENT 0.25
Director
$0 $0 $0
JAMES BRADDOCK PAST PRESIDENT/EXECUTIVE C 0.25
Director
$0 $0 $0
ALLEN PUTNAM PAST PRESIDENT/EXECUTIVE C 0.25
Director
$0 $0 $0
MICHAEL BECKHAM DIRECTOR 0.25
Director
$0 $0 $0
TERRY BOVAIRD DIRECTOR 0.25
Director
$0 $0 $0
YVETTE CARTER DIRECTOR 0.25
Director
$0 $0 $0
EFRAN CHAVEZ DIRECTOR 0.25
Director
$0 $0 $0
JAVIER CISNEROS DIRECTOR 0.25
Director
$0 $0 $0
EDWARD DEAN DIRECTOR 0.25
Director
$0 $0 $0
MIKE DAROZA DIRECTOR 0.25
Director
$0 $0 $0
MICHAEL EASTBURN DIRECTOR 0.25
Director
$0 $0 $0
JAMIE ENGLAND DIRECTOR 0.25
Director
$0 $0 $0
RICKY ERIXTON DIRECTOR 0.25
Director
$0 $0 $0
TRACI HALL DIRECTOR 0.25
Director
$0 $0 $0
MIKE HERR DIRECTOR 0.25
Director
$0 $0 $0
AL MINNER DIRECTOR 0.25
Director
$0 $0 $0
DREW MULLINS DIRECTOR 0.25
Director
$0 $0 $0
MIKE NEW DIRECTOR 0.25
Director
$0 $0 $0
ROERT NIXON DIRECTOR 0.25
Director
$0 $0 $0
DOUG PEEBLES DIRECTOR 0.25
Director
$0 $0 $0
ROBERT PRESNELL DIRECTOR 0.25
Director
$0 $0 $0
BARBARA QUIONES DIRECTOR 0.25
Director
$0 $0 $0
LYNNE TEJEDA DIRECTOR 0.25
Director
$0 $0 $0
LARRY TIBBS DIRECTOR 0.25
Director
$0 $0 $0
DANNY WILLIAMS DIRECTOR 0.25
Director
$0 $0 $0
KENDRAH WILKERSON DIRECTOR 0.25
Director
$0 $0 $0
ANDY YEAGER DIRECTOR 0.25
Director
$0 $0 $0
RICHARD ASH ALTERNATE DIRECTOR 0.25
Director
$0 $0 $0
JAMES BARNES ALTERNATE DIRECTOR 0.25
Director
$0 $0 $0
NICK BATTY ALTERNATE DIRECTOR 0.25
Director
$0 $0 $0
MOURAD BELFAKIH ALTERNATE DIRECTOR 0.25
Director
$0 $0 $0
BILLY BRANCH ALTERNATE DIRECTOR 0.25
Director
$0 $0 $0
KOREY BUSH ALTERNATE DIRECTOR 0.25
Director
$0 $0 $0
ANTHONY CARROLL ALTERNATE DIRECTOR 0.25
Director
$0 $0 $0
BRAD CHASE ALTERNATE DIRECTOR 0.25
Director
$0 $0 $0
STEVE DOYLE ALTERNATE DIRECTOR 0.25
Director
$0 $0 $0
ZOILA EASTERLING ALTERNATE DIRECTOR 0.25
Director
$0 $0 $0
REESE GOAD ALTERNATE DIRECTOR 0.25
Director
$0 $0 $0
JAMIE JONES ALTERNATE DIRECTOR 0.25
Director
$0 $0 $0
STEVE KENNEDY ALTERNATE DIRECTOR 0.25
Director
$0 $0 $0
GRANT LACERTE ALTERNATE DIRECTOR 0.25
Director
$0 $0 $0
CHAD LYNCH ALTERNATE DIRECTOR 0.25
Director
$0 $0 $0
RANDY MARTIN ALTERNATE DIRECTOR 0.25
Director
$0 $0 $0
ALAN MCELROY ALTERNATE DIRECTOR 0.25
Director
$0 $0 $0
OLIVIA MINSHEW ALTERNATE DIRECTOR 0.25
Director
$0 $0 $0
KAREN NELSON ALTERNATE DIRECTOR 0.25
Director
$0 $0 $0
JENISE OSANI ALTERNATE DIRECTOR 0.25
Director
$0 $0 $0
MIKE POUCHER ALTERNATE DIRECTOR 0.25
Director
$0 $0 $0
DANIEL RETHERFORD ALTERNATE DIRECTOR 0.25
Director
$0 $0 $0
CHRISTINE SIMMONS ALTERNATE DIRECTOR 0.25
Director
$0 $0 $0
MIKE STAFFOPOULOS ALTERNATE DIRECTOR 0.25
Director
$0 $0 $0
RODOLFO VALLADARES ALTERNATE DIRECTOR 0.25
Director
$0 $0 $0
AMY ZUBALY EXECUTIVE DIRECTOR 40.00
Officer
$222,917 $0 $222,917
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 $2,580,798 $2,323,144 $2,491,515 $257,654
2024 $2,400,108 $2,291,583 $2,167,880 $108,525
2023 $2,429,814 $2,125,366 $2,197,355 $304,448
2022 $2,071,418 $1,756,132 $1,914,300 $315,286
2021 $1,771,032 $1,494,898 $1,600,961 $276,134
2020 $1,883,365 $1,404,845 $1,305,155 $478,520
2019 $1,883,714 $1,646,459 $1,061,944 $237,255
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