FLORIDA GOVERNMENT FINANCE OFFICERS ASSOCIATION INC (EIN 592343053) - 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

1983

Legal Domicile

Principal Officer

ALTON L COLVIN JR

Phone

8502229684

Tax Period

2024-07-01 to 2025-06-30

FLORIDA GOVERNMENT FINANCE OFFICERS ASSOCIATION INC, founded in 1983, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

EDUCATION, NETWORKING, LEADERSHIP AND INFORMATION

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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 $265,595

Program Service Revenue $1,122,976

Investment Income $8,924

Other Revenue $25

TOTAL REVENUE $1,397,520

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,470,967

TOTAL EXPENSES $1,470,967

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,397,520	$1,279,584	+0.1%
Expenses	$1,470,967	$1,463,703	+0.0%
Net Income	$-73,447	$-184,119	-0.6%

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

200

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
SHARON ALMEIDA CGFO	DIRECTOR	2.38	Director	$0	$0	$0
MELISSA BURNS CGFO	DIRECTOR	2.38	Director	$0	$0	$0
NICOLE JOVANOVSKI CPA	DIRECTOR	2.38	Director	$0	$0	$0
MELISSA LICOURT	DIRECTOR	2.38	Director	$0	$0	$0
ANNA C OTINIANO	DIRECTOR	2.38	Director	$0	$0	$0
REBECCA SCHNIRMAN	DIRECTOR	2.38	Director	$0	$0	$0
ALLISON TESLIA	DIRECTOR	2.38	Director	$0	$0	$0
ALTON L COLVIN JR CPA CGFO CPM	PRESIDENT	4.00	Officer	$0	$0	$0
NICOLE GASPARRI CGFO PHR	PRESIDENT - ELECT	4.00	Officer	$0	$0	$0
KELLY STRICKLAND CPA CGFO	SECRETARY-TREASURER	4.00	Officer	$0	$0	$0
FRANK L DIPAOLO CPA CGMA	IMMEDIATE PAST PRESIDENT	4.00	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
2025	$1,397,520	$1,470,967	$881,491	$-73,447
2024	No data	No data	No data	No data
2023	$1,031,764	$1,188,858	$1,131,502	$-157,094
2022	$1,053,867	$1,148,327	$997,569	$-94,460
2021	$461,232	$225,225	$720,405	$236,007

FLORIDA GOVERNMENT FINANCE OFFICERS ASSOCIATION INC