FLORIDA VOCAL ASSOCIATION INC (EIN 591985781) - 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

1979

Legal Domicile

Principal Officer

DAVID VERDONI

Phone

9413201548

Tax Period

2024-07-01 to 2025-06-30

FLORIDA VOCAL ASSOCIATION INC, founded in 1979, is a small nonprofit in the Arts, Culture & Humanities sector that reported $592K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $546K left a modest 8% surplus.

Mission

THE FLORIDA VOCAL ASSOCIATION (FVA) IS A COMPONENT ORGANIZATION OF THE FLORIDA MUSIC EDUCATION ASSOCIATION. ITS PRIMARY PURPOSE IS TO PROMOTE AND DEVELOP INTEREST IN CHORAL AND GENERAL MUSIC IN FLORIDA SECONDARY SCHOOLS.

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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 $52,634

Program Service Revenue $536,916

Investment Income $2,786

Other Revenue $0

TOTAL REVENUE $592,336

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,094

Fundraising Expenses $0

Program Expenses $417,285

Other Expenses $496,249

TOTAL EXPENSES $546,343

Year-over-Year Comparison

	2024	2023	Change
Revenue	$592,336	$539,493	+0.1%
Expenses	$546,343	$524,311	+0.0%
Net Income	$45,993	$15,182	+2.0%

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

N/A

Volunteers

100

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

$57,200

Total Directors

$20,959

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID PLETINCKS	PRESIDENT	10.00	Officer Director	$3,615	$0	$3,615
DAVID VERDONI	PRESIDENT-ELECT	10.00	Officer Director	$651	$0	$651
JEANNINE STEMMER	PAST PRESIDENT	10.00	Officer Director	$1,647	$0	$1,647
MICHELLE TREDWAY	MIDDLE SCHOOL CHAIR	10.00	Officer Director	$0	$0	$0
MIGUEL OQUENDO	INTERIM MIDDLE SCHOOL CHAIR-ELECT	10.00	Officer Director	$2,273	$0	$2,273
PAUL MILLER	DISTRICT 1 CHAIR	10.00	Director	$936	$0	$936
MAGGIE SMITH	DISTRICT 3 CHAIR	10.00	Director	$0	$0	$0
KIM KEEPERS	DISTRICT 4 CHAIR	10.00	Director	$0	$0	$0
ADAM PRYOR	DISTRICT 5 CHAIR	10.00	Director	$0	$0	$0
KARA FERLAND	DISTRICT 6 CHAIR	10.00	Director	$0	$0	$0
KYLE GOYENS	DISTRICT 7 CHAIR	10.00	Director	$4,247	$0	$4,247
ALEX POLLARD	DISTRICT 8 CHAIR	10.00	Director	$0	$0	$0
BLAKE HUDSON	DISTRICT 9 CHAIR	10.00	Director	$1,666	$0	$1,666
JENNIFER ROCK	DISTRICT 10 CHAIR	10.00	Director	$1,179	$0	$1,179
BRITTANY SMITH	DISTRICT 11 CHAIR	10.00	Director	$0	$0	$0
BRANIGAN LAWRENCE	DISTRICT 12 CHAIR	10.00	Director	$0	$0	$0
EILEEN WALENTIN	DISTRICT 13 CHAIR	10.00	Director	$1,492	$0	$1,492
BONNIE BUTTERFIELD	DISTRICT 14 CHAIR	10.00	Director	$0	$0	$0
CHRISTINE BARRETTE	DISTRICT 15 CHAIR	10.00	Director	$1,200	$0	$1,200
ELIZABETH CID	DISTRICT 16 CHAIR	10.00	Director	$2,053	$0	$2,053
MADISON FULLARTON	DISTRICT 18 CHAIR	10.00	Director	$0	$0	$0
RYAN KNIGHT	DISTRICT 19 CHAIR	10.00	Director	$0	$0	$0
MICHAEL DYE	EXECUTIVE DIRECTOR	40.00	Officer	$49,014	$0	$49,014

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	$592,336	$546,343	$257,730	$45,993
2024	$539,493	$524,311	$214,909	$15,182
2023	$473,648	$513,265	$189,769	$-39,617
2022	$395,792	$479,240	$239,097	$-83,448
2021	$158,225	$118,954	No data	$39,271
2020	$408,230	$390,716	No data	$17,514
2019	$492,315	$461,571	$256,159	$30,744

FLORIDA VOCAL ASSOCIATION INC