FLORIDA SOLAR ENERGY INDUSTRIES AS… - Form 990 Financial Data

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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

1977

Legal Domicile

Principal Officer

WENDY PARKER

Phone

8004265899

Tax Period

2024-01-01 to 2024-12-31

FLORIDA SOLAR ENERGY INDUSTRIES ASSOCIATION, founded in 1977, is a small nonprofit that reported $634K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $97K, a strong 15% operating margin.

Mission

TO PROMOTE THE APPLICATIONS AND TECHNOLOGIES OF SOLAR ENERGY TO INDUSTRY PROFESSIONAL AND THE GENERAL PUBLIC.

Program Service Accomplishments

Program 1

THE ASSOCIATION PROVIDES MEETINGS TO EDUCATE MEMBERS AND THE GENERAL PUBLIC TO PROMOTE THE USE OF SOLAR ENERGY WITHIN THE STATE OF FLORIDA.

Program 2

THE ASSOCIATION UTILIZES A MARKETING CAMPAIGN TO INCREASE THE GENERAL PUBLIC'S KNOWLEDGE AND AWARENESS ABOUT THE USES AND APPLICATIONS OF SOLAR ENERGIES WITHIN THE STATE OF FLORIDA.

Program 3

THE ASSOCIATION PROMOTES SOLAR MANUFACTURERS INNOVATIVE TECHNOLOGIES AND ADVANCEMENT BY PROVIDING IT'S MEMBERS AND THE GENERAL PUBLIC WITH EDUCATIONAL WORKSHOPS, TRADESHOWS AND MEETINGS/SEMINARS.

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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 $717,310

Program Service Revenue $0

Investment Income $950

Other Revenue $-83,945

TOTAL REVENUE $634,315

Expense Breakdown

Grants Paid $0

Salaries & Benefits $229,133

Fundraising Expenses $0

Other Expenses $308,078

TOTAL EXPENSES $537,211

Year-over-Year Comparison

	2024	2023	Change
Revenue	$634,315	$557,608	+0.1%
Expenses	$537,211	$395,406	+0.4%
Net Income	$97,104	$162,202	-0.4%

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

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

$148,457

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL JOHNSON	PRESIDENT	5.00	Officer Director	$0	$0	$0
JOEL DURRANCE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JACOB TRAVERSO	TREASURER	1.00	Officer Director	$0	$0	$0
NICK BAIAMONTE	SECRETARY	1.00	Officer Director	$0	$0	$0
BEN MILLAR	PAST PRESIDENT	4.00	Officer Director	$0	$0	$0
STERLING CLIFFORD	DIRECTOR	1.00	Director	$0	$0	$0
BILL GALLAGHER	DIRECTOR	1.00	Director	$0	$0	$0
CLARK GALLOWAY	DIRECTOR	1.00	Director	$0	$0	$0
SPECER OBERAN	DIRECTOR	1.00	Director	$0	$0	$0
JUAN DAVID PAYARES	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE SOLANO	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN VANDENBROECK	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD VASKE	DIRECTOR	1.00	Director	$0	$0	$0
WENDY PARKER	EXECUTIVE DIRECTOR	40.00	Officer	$148,457	$0	$148,457

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	$634,315	$537,211	$572,905	$97,104
2023	$557,608	$395,406	$455,226	$162,202
2022	$457,670	$290,909	$279,596	$166,761
2021	$133,371	$72,653	$108,208	$60,718
2020	$72,413	$56,202	$28,345	$16,211
2019	$55,259	$68,743	$15,000	$-13,484
2018	$62,471	$73,191	$38,403	$-10,720

FLORIDA SOLAR ENERGY INDUSTRIES ASSOCIATION