Florida Legal Education Assoc Inc (EIN 592012229) - 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 C Brennan

Phone

4075151501

Tax Period

2023-01-01 to 2023-12-31

Florida Legal Education Assoc Inc, founded in 1979, is a small nonprofit that reported $233K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $330K exceeded revenue, resulting in a 42% operating deficit.

Mission

To Educate Lawyers

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $218,915

Investment Income $13,946

Other Revenue $183

TOTAL REVENUE $233,044

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,696

Fundraising Expenses $0

Program Expenses $295,321

Other Expenses $302,779

TOTAL EXPENSES $330,475

Year-over-Year Comparison

	2023	2022	Change
Revenue	$233,044	$205,059	+0.1%
Expenses	$330,475	$128,302	+1.6%
Net Income	$-97,431	$76,757	-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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Grimsley Esq	Director	1.00	Director	$0	$0	$0
Fletcher Belcher	Vice President/Director	1.00	Officer Director	$0	$0	$0
Roland Waller Esq	Secretary/Director	1.00	Officer Director	$0	$0	$0
David C Brennan Esq	President/Director	1.00	Officer Director	$0	$0	$0
Edward KorenEsq	Director	1.00	Director	$0	$0	$0
J Michael Swaine Esq	Director	1.00	Director	$0	$0	$0
Rohan Kelley	Director	1.00	Director	$0	$0	$0
Steve Hearn	Director	1.00	Director	$0	$0	$0
Bruce Stone	Director	1.00	Director	$0	$0	$0
Roger Isphording	Director	1.00	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	No data	No data	No data	No data
2023	$233,044	$330,475	$531,423	$-97,431
2022	$205,059	$128,302	$628,548	$76,757
2021	$172,253	$201,188	$552,860	$-28,935
2020	$19,927	$63,904	$581,935	$-43,977
2020	$5,430	$248,470	$381,663	$-243,040
2019	$189,724	$223,322	$624,703	$-33,598
2018	$191,869	$145,128	$658,301	$46,741

Florida Legal Education Assoc Inc