FLORIDA ASSOC OF POSTSECONDARY SCH… - 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

1956

Legal Domicile

Principal Officer

ALLEN MORTHAM

Phone

8505773139

Tax Period

2023-01-01 to 2023-12-31

FLORIDA ASSOC OF POSTSECONDARY SCHOOLS & COLLEGES INC, founded in 1956, is a small nonprofit that reported $652K in total revenue in fiscal year 2023. Expenses of $599K left a modest 8% surplus.

Mission

FLORIDA ASSOCIATION OF POSTSECONDARY SCHOOLS AND COLLEGES PROVIDES LEADERSHIP, SUPPORT, AND ADVOCACY FOR QUALITY CAREER EDUCATION

Program Service Accomplishments

Program 1

CONTINUING EDUCATION-FAPSC HOST TWO CONFERENCES A YEAR AND ADDITIONAL WORKSHOPS, WHICH PROVIDE CONTINUING EDUCATION SERVICES TO MORE THAN 500 ADMINISTRATORS AND FACULTY MEMBERS. ABOUT 100 EDUCATIONAL...

Program 2

LEADRESHIP/ADVOCACY: FAPSC REPRESENTS THEIR EDUCATIONAL SECTOR BEFORE THE FLORIDA LEGISLATURE, OFFICE OF THE GOVERNOR, COMMISSION FOR INDEPENDENT EDUCATION, FLORIDA BOARD OF NURSING, WORKFORCE...

LEADRESHIP/ADVOCACY: FAPSC REPRESENTS THEIR EDUCATIONAL SECTOR BEFORE THE FLORIDA LEGISLATURE, OFFICE OF THE GOVERNOR, COMMISSION FOR INDEPENDENT EDUCATION, FLORIDA BOARD OF NURSING, WORKFORCE FLORIDA, FLORIDA HIGHER EDUCATION COORDINATING COUNCIL, AND FLORIDA WORKFORCE SYSTEM.

Program 3

SUPPORT- AT REGULAR BOARD MEETINGS, COMMITTEE MEETINGS, REGIONAL ACTIVITIES, CONFERENCE ACTIVITIES AND LEGISLATIVE EDUCATION ACTIVITIES, MEMBERS ARE PROVIDED NETWORKING OPORTUNITIES. MENTORING...

SUPPORT- AT REGULAR BOARD MEETINGS, COMMITTEE MEETINGS, REGIONAL ACTIVITIES, CONFERENCE ACTIVITIES AND LEGISLATIVE EDUCATION ACTIVITIES, MEMBERS ARE PROVIDED NETWORKING OPORTUNITIES. MENTORING ACTIVITIES ARE PROVIDED ON AN AS NEEDED BASIS.

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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 $651,927

Investment Income $0

Other Revenue $0

TOTAL REVENUE $651,927

Expense Breakdown

Grants Paid $0

Salaries & Benefits $301,992

Fundraising Expenses $0

Other Expenses $297,346

TOTAL EXPENSES $599,338

Year-over-Year Comparison

	2023	2022	Change
Revenue	$651,927	$622,279	+0.0%
Expenses	$599,338	$548,235	+0.1%
Net Income	$52,589	$74,044	-0.3%

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

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

$79,318

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sue Edwards	President	3.00	Officer Director	$0	$0	$0
N/A	President elect	1.50	Officer Director	$0	$0	$0
N/A	Director	1.50	Director	$0	$0	$0
N/A	Secretary	1.50	Officer Director	$0	$0	$0
N/A	Treasurer	1.50	Officer Director	$0	$0	$0
N/A	Past President	1.50	Officer Director	$0	$0	$0
N/A	Director	1.50	Director	$0	$0	$0
N/A	Director	1.50	Director	$0	$0	$0
N/A	Director	1.50	Director	$0	$0	$0
N/A	Director	1.50	Director	$0	$0	$0
N/A	Director	1.50	Director	$0	$0	$0
N/A	Director	1.50	Director	$0	$0	$0
N/A	Director	1.50	Director	$0	$0	$0
N/A	Director	1.50	Director	$0	$0	$0
N/A	Director	1.50	Director	$0	$0	$0
N/A	Director	1.50	Director	$0	$0	$0
N/A	Director	1.50	Director	$0	$0	$0
N/A	Director	1.50	Director	$0	$0	$0
N/A	Director	1.50	Director	$0	$0	$0
N/A	Director	1.50	Director	$0	$0	$0
N/A	Director	1.50	Director	$0	$0	$0
N/A	Director	1.50	Director	$0	$0	$0
N/A	Director	1.50	Officer Director	$0	$0	$0
N/A	Executive Director	40.00	Highest	$162,973	$0	$162,973
N/A	Director Assistant	40.00	Key Emp	$74,910	$0	$74,910
Amanda J Daly	Assistant	40.00	Key Emp	$4,408	$0	$4,408

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	$651,927	$599,338	$498,859	$52,589
2022	$622,279	$548,235	$461,992	$74,044
2021	$542,942	$465,852	$373,323	$77,090
2020	$317,847	$303,245	$319,675	$14,602
2019	$532,753	$515,865	$305,545	$16,888
2018	$490,808	$543,504	$288,480	$-52,696
2017	$517,757	$533,181	$362,559	$-15,424

FLORIDA ASSOC OF POSTSECONDARY SCHOOLS & COLLEGES INC