FLORIDA AUTOMOBILE JOINT UNDERWRITING ASSOCIATION

EIN: 591514873

JOHNSTON, RI

Total Revenue
$3,419,256
Total Expenses
$2,216,269
Total Assets
$6,223,644
Net Assets
$2,163,031
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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
1973
Legal Domicile
FL
Phone
4019462310
Tax Period
2023-10-01 to 2024-09-30

FLORIDA AUTOMOBILE JOINT UNDERWRITING ASSOCIATION, founded in 1973, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.2M, a strong 35% operating margin.

Mission

Placement of automobile insurance for those unable to obtain coverage in the voluntary market.

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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 $3,291,077
Investment Income $113,833
Other Revenue $14,346
TOTAL REVENUE $3,419,256

Expense Breakdown

Grants Paid $0
Salaries & Benefits $672,280
Fundraising Expenses $0
Other Expenses $1,543,989
TOTAL EXPENSES $2,216,269

Year-over-Year Comparison

2023 2022 Change
Revenue $3,419,256 $3,084,060 +0.1%
Expenses $2,216,269 $2,596,526 -0.1%
Net Income $1,202,987 $487,534 +1.5%
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

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Governance

Voting Members
11
Independent Members
11
Employees
4
Volunteers
11

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
$244,861
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Chairperson 1.00
Director
$0 $0 $0
N/A Gov Comm Member 1.00
Director
$0 $0 $0
N/A Gov Comm Member 1.00
Director
$0 $0 $0
N/A Gov Comm Member 1.00
Director
$0 $0 $0
N/A Gov Comm Member 1.00
Director
$0 $0 $0
N/A Gov Comm Member 1.00
Director
$0 $0 $0
N/A Gov Comm Member 1.00
Director
$0 $0 $0
N/A Gov Comm Member 1.00
Director
$0 $0 $0
N/A Gov Comm Member 1.00
Director
$0 $0 $0
N/A Gov Comm Member 1.00
Director
$0 $0 $0
N/A Gov Comm Member 1.00
Director
$0 $0 $0
Lisa Stoutamire General Manager 45.00
Officer
$186,069 $58,792 $244,861
Timothy Zdrazil Underwriter 40.00
Highest
$126,677 $5,700 $132,377
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 $3,419,256 $2,216,269 $6,223,644 $1,202,987
2023 $3,084,060 $2,596,526 $5,058,884 $487,534
2022 $3,010,052 $3,015,442 $5,020,655 $-5,390
2021 $3,014,358 $5,350,696 $4,634,653 $-2,336,338
2020 $3,504,419 $5,859,649 $6,271,339 $-2,355,230
2019 $4,308,851 $6,410,232 $7,940,277 $-2,101,381
2018 $5,975,610 $2,923,273 $8,496,856 $3,052,337
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