Florida State Minority Supplier Dev Council

EIN: 591746154 501(c)(3)

Miami, FL

Total Revenue
$3,480,603
Total Expenses
$3,348,513
Total Assets
$2,431,703
Net Assets
$1,990,307
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
FL
Principal Officer
Beatrice S Louissant
Tax Period
2024-01-01 to 2024-12-31

Florida State Minority Supplier Dev Council, founded in 1975, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2024. Expenses of $3.3M left a modest 4% surplus.

Mission

The Mission of Florida State Minority Supplier Development Council (FSMSDC)is to link corporate and government members with Minority Business Enterprises to foster equity in business.

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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 $2,285,618
Program Service Revenue $1,125,282
Investment Income $0
Other Revenue $69,703
TOTAL REVENUE $3,480,603

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,890,575
Fundraising Expenses $0
Program Expenses $2,793,121
Other Expenses $1,457,938
TOTAL EXPENSES $3,348,513

Year-over-Year Comparison

2024 2023 Change
Revenue $3,480,603 $3,415,254 +0.0%
Expenses $3,348,513 $3,228,072 +0.0%
Net Income $132,090 $187,182 -0.3%
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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Governance

Voting Members
15
Independent Members
15
Employees
20
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
3
$388,984
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Beatrice S Louissant PresidentCEO 40.00
Officer Highest
$177,984 $0 $177,984
Monica Cupid Vice President of Operations 40.00
Officer
$106,000 $0 $106,000
Erasmo Acosta Chief Financial Officer 40.00
Officer
$105,000 $0 $105,000
Desiree Hanson Chair 2.00
Director
$0 $0 $0
Mary Mayhew 2nd Vice Chair 2.00
Director
$0 $0 $0
Jack Greene Treasurer 2.00
Director
$0 $0 $0
Anthea Pennant Secretary 40.00
Director
$0 $0 $0
Nat Martin III Assistant Treasurer 2.00
Director
$0 $0 $0
Abel Herrera MBE Input Committee Chair 2.00
Director
$0 $0 $0
Brian Butler Board Member 2.00
Director
$0 $0 $0
Dionne Lawson-Vidal Board Member 2.00
Director
$0 $0 $0
Jay Narang Board Member 2.00
Director
$0 $0 $0
Quibulah A Graham Board Member 2.00
Director
$0 $0 $0
Leonard Spencer Board Member 2.00
Director
$0 $0 $0
Lindsay Collazo CPPB III Board Member 2.00
Director
$0 $0 $0
Tonja Graham Board Member 2.00
Director
$0 $0 $0
Susana Robledo Board Member 2.00
Director
$0 $0 $0
Oswaldo Soto Board Member 2.00
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 $3,480,603 $3,348,513 $2,431,703 $132,090
2023 $3,415,254 $3,228,072 $2,474,771 $187,182
2022 $3,367,190 $3,216,741 $2,052,076 $150,449
2022 $3,367,190 $3,216,741 $2,052,076 $150,449
2021 $3,589,661 $2,990,940 $1,832,871 $598,721
2020 $3,099,054 $2,778,849 $1,487,896 $320,205
2019 $3,036,161 $3,151,125 $839,124 $-114,964
2018 $2,691,343 $2,791,380 $918,029 $-100,037
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