Florida Bankers Association 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

1888

Legal Domicile

Phone

8502242265

Tax Period

2024-07-01 to 2025-06-30

Florida Bankers Association Inc, founded in 1888, is a community nonprofit that reported $5.4M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

THROUGH ADVOCACY, EDUCATION, AND ENGAGEMENT, THE FLORIDA BANKERS ASSOCIATION SUPPORTS FLORIDA BANKERS IN BETTER SERVING THEIR CUSTOMERS AND COMMUNITIES.

Program Service Accomplishments

Program 1

PROVIDING TRAINING PROGRAMS AND SEMINARS, CERTIFICATIONS, AND EDUCATIONAL MATERIALS TO 388 MEMBERS.

Program 2

KEEPING MEMBERS INFORMED ON ISSUES AFFECTING THE BANKING INDUSTRY IN FLORIDA THROUGH VARIOUS SERVICES.

Program 3

REPRESENTING ITS MEMBERS ON LEGISLATIVE AND REGULATORY ISSUES AT THE LOCAL, STATE, AND FEDERAL LEVEL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,803,666

Investment Income $208,896

Other Revenue $399,036

TOTAL REVENUE $5,411,598

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,868,839

Fundraising Expenses $0

Program Expenses $0

Other Expenses $2,475,416

TOTAL EXPENSES $5,344,255

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,411,598	$5,703,630	-0.1%
Expenses	$5,344,255	$5,753,912	-0.1%
Net Income	$67,343	$-50,282	-2.3%

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

$1,734,758

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEREK JONES	CHAIR	2.0	Officer Director	$0	$0	$0
KEITH COSTELLO	CHAIR ELECT	1.0	Officer Director	$0	$0	$0
ALEXANDER ADAMS	DIRECTOR	0.2	Director	$0	$0	$0
AMANDA STEVENS	DIRECTOR	0.2	Director	$0	$0	$0
ANDREW M COUSE	DIRECTOR	0.2	Director	$0	$0	$0
BILLY GANN	DIRECTOR	0.2	Director	$0	$0	$0
CALIXTO GARCIA-VELEZ	DIRECTOR	0.2	Director	$0	$0	$0
CARLOS A BATLLE	TRUST DIVISION CHAIR	0.2	Director	$0	$0	$0
CHUCK SHAFFER	DIRECTOR	0.2	Director	$0	$0	$0
CLARA T DIAZ-LEAL	DIRECTOR	0.2	Director	$0	$0	$0
CRESSMAN BRONSON	DIRECTOR	0.2	Director	$0	$0	$0
DANA KILBORNE	DIRECTOR	0.2	Director	$0	$0	$0
ED PATTERSON	DIRECTOR	0.2	Director	$0	$0	$0
ERIC RAVNDAL	DIRECTOR	0.2	Director	$0	$0	$0
FABIO BRUMLEY	DIRECTOR	0.2	Director	$0	$0	$0
FERNANDO RUIZ	DIRECTOR	0.2	Director	$0	$0	$0
FRED LEOPOLD	DIRECTOR	0.2	Director	$0	$0	$0
GABRIEL VIVERO	DIRECTOR	0.2	Director	$0	$0	$0
GARRETT RICHTER	CHAIR ELECT ELECT	0.5	Director	$0	$0	$0
HARLAN PARRISH	DIRECTOR	0.2	Director	$0	$0	$0
ISRAEL VELASCO	DIRECTOR	0.2	Director	$0	$0	$0
JAMES KIRKPATRICK	DIRECTOR	0.2	Director	$0	$0	$0
JEFFERY KLINK	DIRECTOR	0.2	Director	$0	$0	$0
JOSE CUETO	1ST IMMEDIATE PAST CHAIR	1.0	Director	$0	$0	$0
KAREN SHARP	DIRECTOR	0.2	Director	$0	$0	$0
KEVIN DARMODY	DIRECTOR	0.2	Director	$0	$0	$0
LLOYD DEVAUX	2ND IMMEDIATE PAST CHAIR	0.5	Director	$0	$0	$0
MARY USATEGUI	DIRECTOR	0.2	Director	$0	$0	$0
MCHENRY KANE	DIRECTOR	0.2	Director	$0	$0	$0
NELSON HINOJOSA	TIER I CHAIR	0.2	Director	$0	$0	$0
NICK MICELI	TIER III CHAIR	0.2	Director	$0	$0	$0
RALPH BETANCOURT	DIRECTOR	0.2	Director	$0	$0	$0
ROGER D SHAY JR	DIRECTOR	0.2	Director	$0	$0	$0
RYAN G JAMES	DIRECTOR	0.2	Director	$0	$0	$0
SUZANNE NORRIS	DIRECTOR	0.2	Director	$0	$0	$0
T COREY NEIL	TIER II CHAIR	0.2	Director	$0	$0	$0
THOMAS PENNEKAMP	DIRECTOR	0.2	Director	$0	$0	$0
TONY STIFFLER	DIRECTOR	0.2	Director	$0	$0	$0
ANTHONY DIMARCO	EVP OF GOVERNMENT AFFAIRS	40.0	Officer	$290,933	$51,304	$342,237
KATHY KRANINGER	CEO	40.0	Officer	$549,534	$37,180	$586,714
KENNETH PRATT	SVP OF GOVERNMENT AFFAIRS	40.0	Officer	$174,849	$36,227	$211,076
LESLEY JORDAN	CFO	40.0	Officer	$217,875	$40,868	$258,743
PAMELA RICCO	COO	40.0	Officer	$284,223	$51,765	$335,988

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	$5,411,598	$5,344,255	$11,100,470	$67,343
2024	$5,703,630	$5,753,912	$10,324,487	$-50,282
2023	$5,308,482	$5,704,379	$10,144,434	$-395,897
2022	$4,886,285	$4,942,478	$9,711,871	$-56,193
2021	$4,338,987	$4,232,385	$9,133,718	$106,602
2020	$4,098,215	$4,297,185	$8,518,475	$-198,970
2019	$4,844,703	$4,983,665	$8,402,902	$-138,962
2018	$4,821,928	$4,874,318	$8,794,055	$-52,390