Florida Association of Self Insureds Inc (EIN 592192394) - 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

1982

Legal Domicile

Tax Period

2022-01-01 to 2022-12-31

Florida Association of Self Insureds Inc, founded in 1982, is a micro nonprofit that reported $74K in total revenue in fiscal year 2022. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $94K exceeded revenue, resulting in a 26% operating deficit.

Mission

To promote and further the best interests of Self Insurance in the state of Florida and in particular to counsel, educate, espedite communications between and with and improve the administration of individual self insurance firms, funds and municipalities in respect to their work

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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 (2022)

Revenue Breakdown

Contributions & Grants $14,075

Program Service Revenue $60,335

Investment Income $0

Other Revenue $0

TOTAL REVENUE $74,410

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $93,807

Other Expenses $93,807

TOTAL EXPENSES $93,807

Year-over-Year Comparison

	2022	2021	Change
Revenue	$74,410	$97,125	-0.2%
Expenses	$93,807	$101,131	-0.1%
Net Income	$-19,397	$-4,006	+3.8%

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

N/A

Employees

N/A

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	Role	Reportable Comp	Other Comp	Total
Ryan Clayton	Executive director	Director	$0	$0	$0
Michael Spellman	Director at large	Officer	$0	$0	$0
Gail Shuffler	Director at large	Officer	$0	$0	$0
Scott Miller	Director at large	Officer	$0	$0	$0
Susa Theis	Director at large	Officer	$0	$0	$0
Marisa Martinez	Vice President	Officer	$0	$0	$0
Dane Jensa	President	Officer	$0	$0	$0
Judy Boling	Past President	Officer	$0	$0	$0
Beverly Adkins	Director at large	Officer	$0	$0	$0
Vanessa Alfonso	Treasurer	Officer	$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
2022	$74,410	$93,807	No data	$-19,397
2021	$97,125	$101,131	$19,401	$-4,006
2020	$101,151	$103,297	$23,407	$-2,146

Florida Association of Self Insureds Inc