EMERALD COAST MEDICAL ASSOCIATION INC (EIN 591717855) - 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

1983

Legal Domicile

Principal Officer

MICHELLE FLAAT

Phone

8507842090

Tax Period

2024-01-01 to 2024-12-31

EMERALD COAST MEDICAL ASSOCIATION INC, founded in 1983, is a small nonprofit that reported $372K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $345K left a modest 7% surplus.

Mission

MEMBERSHIP DUES ARE COLLECTED FOR THE OPERATION OF THE ORGANIZATION. (SEE SCHEDULE O) THE PURPOSE OF THE ORGANIZATION IS TO UNITE THE MEDICAL PROFESSION OF BAY COUNTY INTO ONE ORGANIZATION AND TO JOIN OTHER MEDICAL SOCIETIES OF THE STATE OF FLORIDA TO EXTEND MEDICAL KNOWLEDGE INTO ADVANCED MEDICAL SCIENCE.

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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 $197,082

Program Service Revenue $162,558

Investment Income $189

Other Revenue $12,640

TOTAL REVENUE $372,469

Expense Breakdown

Grants Paid $0

Salaries & Benefits $136,551

Fundraising Expenses $0

Program Expenses $116,467

Other Expenses $208,435

TOTAL EXPENSES $344,986

Year-over-Year Comparison

	2024	2023	Change
Revenue	$372,469	$323,646	+0.2%
Expenses	$344,986	$298,236	+0.2%
Net Income	$27,483	$25,410	+0.1%

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

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

Total Directors

$94,756

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE FLAAT	DIRECTOR	1.00	Director	$86,329	$8,427	$94,756
KHURRAM NAZIR MD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JEREMY SUNSERI MD	PAST PRESIDENT	1.00	Director	$0	$0	$0
TONI PENNINGTON MD	SECRETARY	1.00	Officer Director	$0	$0	$0
JON WARD MD	DIRECTOR	1.00	Director	$0	$0	$0
SAMUEL WOLF DO	TREASURER	1.00	Officer Director	$0	$0	$0
DEBRA WILLIAMS MD	DIRECTOR	1.00	Director	$0	$0	$0
ZACHARY WILSON MD	MEMBER AT LARGE	1.00	Director	$0	$0	$0
DANIEL DAUBE MD	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN FINKELSTEIN MD	DIRECTOR	1.00	Director	$0	$0	$0
DON DAVIS MD	MEMBER AT LARGE	1.00	Director	$0	$0	$0
STEVEN CLARKE MD	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY PYNE DO	PRESIDENT	1.00	Officer Director	$0	$0	$0

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	$372,469	$344,986	$230,300	$27,483
2023	$323,646	$298,236	$225,076	$25,410
2022	$261,269	$250,845	$231,371	$10,424
2021	$235,700	$247,411	$230,150	$-11,711
2020	$249,915	$256,461	$215,473	$-6,546
2019	$309,153	$314,082	$233,599	$-4,929
2018	$270,404	$273,357	$274,795	$-2,953
2017	$278,333	$297,113	$252,125	$-18,780

EMERALD COAST MEDICAL ASSOCIATION INC