FLORIDA ASSOCIATION OF BUILDING INSPECTORS INC (EIN 592413704) - 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

1995

Legal Domicile

Phone

4076344724

Tax Period

2024-01-01 to 2024-12-31

FLORIDA ASSOCIATION OF BUILDING INSPECTORS INC, founded in 1995, is a small nonprofit that reported $256K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $385K exceeded revenue, resulting in a 50% operating deficit.

Mission

THE ASSOCIATIONS EXEMPT PURPOSE IS TO FURTHER THE GENERAL EDUCATION AND IMPROVE THE SERVICE PERFORMED BY BUILDING INSPECTORS. THIS PURPOSE IS ACCOMPLISHED THROUGH QUARTERLY BUSINESS AND EDUCATIONAL MEETINGS AND TRAINING 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 $121,684

Program Service Revenue $134,798

Investment Income $0

Other Revenue $0

TOTAL REVENUE $256,482

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $385,029

TOTAL EXPENSES $385,029

Year-over-Year Comparison

	2024	2023	Change
Revenue	$256,482	$359,442	-0.3%
Expenses	$385,029	$378,732	+0.0%
Net Income	$-128,547	$-19,290	+5.7%

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

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
RANDY VERMEULEN	DIRECTOR	0.00	Director	$0	$0	$0
NATALIE JENKINS	DIRECTOR	0.00	Director	$0	$0	$0
GLEN LEACH	DIRECTOR	0.00	Director	$0	$0	$0
CHRIS STAGE	DIRECTOR	0.00	Director	$0	$0	$0
BILL KOEHNLINE	DIRECTOR	0.00	Director	$0	$0	$0
ERIC D'ANGELO	SECRETARY	1.00	Director	$0	$0	$0
KOLLIN GIBSON	TREASURER	1.00	Director	$0	$0	$0
JEAN ANNE BAKER	IMM.PAST PRSIDENT	1.00	Director	$0	$0	$0
GLEN STEPHENS	VICE PRESIDENT	1.00	Director	$0	$0	$0
CLAY GILLEAN	PRESIDENT	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	$256,482	$385,029	$28,599	$-128,547
2023	$359,442	$378,732	$176,690	$-19,290
2022	$452,548	$437,555	$175,573	$14,993
2021	$406,991	$311,056	$156,395	$95,935
2019	$236,899	$217,096	$62,980	$19,803
2018	$204,547	$197,242	$43,177	$7,305

FLORIDA ASSOCIATION OF BUILDING INSPECTORS INC