FLORIDA PUBLIC PENSION TRUSTEES 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

1984

Legal Domicile

Principal Officer

KIMBERLIE E PRIOR

Phone

8008424064

Tax Period

2023-01-01 to 2023-12-31

FLORIDA PUBLIC PENSION TRUSTEES ASSOCIATION INC, founded in 1984, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2023. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $721K, a strong 24% operating margin.

Mission

EDUCATE PUBLIC PENSION TRUSTEES AND ADMINISTRATORS.

Program Service Accomplishments

Program 1

Expenses: $711,768 Revenue: $947,573

THE TRUSTEE SCHOOLS OFFER CONTINUING EDUCATION (CEU) TRACKS FOR THOSE MAINTAINING CONTINUING EDUCATION CREDITS.

Program 2

Expenses: $463,642 Revenue: $751,662

THE FPPTA ANNUAL CONFERENCE DRAWS APPROXIMATELY 700 PEOPLE EACH YEAR. THE CONFERENCE FOCUSES ON A MACRO-PERSPECTIVE OF THE INDUSTRY AND PUBLIC PENSION LANDSCAPE OVER TWO AND ONEHALF DAYS OF SPEAKERS. ATTENDEES ARE ENCOURAGED TO BRING THEIR FAMILIES TO THE ANNUAL CONFERENCE, TO NETWORK WITH INDUSTRY VENDORS AND EVENT SPONSORS IN THE EXHIBIT HALL, AND TO SPEND TIME LEARNING FROM ONE ANOTHER HOW TO PROTECT MUNICIPAL PENSION PLANS.

Program 3

Expenses: $10,851 Revenue: $117,878

THE CPPT PROGRAM IS AN EDUCATIONAL TRACK DESIGNED TO BE COMPLETED OVER THE COURSE OF THREE FPPTA TRUSTEE SCHOOLS WITHIN A THREE-YEAR TIME FRAME. STUDENTS ARE EXPECTED TO COMPLETE AND PASS A TEST FOR EACH OF THE THREE PROGRAM TIERS: BASIC, INTERMEDIATE, AND ADVANCED. THE CURRICULUM COVERS A WIDE RANGE OF TOPICS AND LECTURES THAT WILL PREPARE TRUSTEES FOR THE PROCEDURES THAT ARE LEGALLY MANDATED; THE ETHICAL AND FIDUCIARY RULES THAT SHOULD INFORM TRUSTEES' ACTIONS; ACTIVITIES OF THE PROFESSIONALS HIRED BY THE PENSION BOARD; AND THE DAY-TO-DAY DECISIONS LIKELY TO ARISE IN THE ORDINARY COURSE OF THE TRUSTEE'S DUTIES AND ACTIVITIES.

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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 $620,227

Program Service Revenue $2,106,963

Investment Income $44,228

Other Revenue $194,291

TOTAL REVENUE $2,965,709

Expense Breakdown

Grants Paid $6,000

Salaries & Benefits $567,818

Fundraising Expenses $0

Program Expenses $1,845,100

Other Expenses $1,671,314

TOTAL EXPENSES $2,245,132

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,965,709	$1,944,462	+0.5%
Expenses	$2,245,132	$1,620,816	+0.4%
Net Income	$720,577	$323,646	+1.2%

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

$144,266

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNELLY THOMPSON	TREASURER	3.00	Officer Director	$0	$0	$0
CHAVE ASPINALL	DIRECTOR EMERITUS	2.00	Director	$0	$0	$0
CHRISTOPHER SPENCER	DIRECTOR	2.00	Director	$0	$0	$0
DWIGHT MATTINGLY	DIRECTOR	2.00	Director	$0	$0	$0
KEN HARRISON	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
NORRIS PARK	DIRECTOR	2.00	Director	$0	$0	$0
PETE PRIOR	CHAIRMAN	4.00	Officer Director	$0	$0	$0
TIMOTHY OLSEN	VICE-CHAIRMAN	2.00	Officer Director	$0	$0	$0
WARREN WEST	SECRETARY	2.00	Officer Director	$0	$0	$0
KIMBERLIE E PRIOR	CEO	40.00	Officer	$127,890	$16,376	$144,266

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	$2,965,709	$2,245,132	$2,583,257	$720,577
2022	$1,944,462	$1,620,816	$2,000,200	$323,646
2021	$1,879,322	$1,543,339	$1,336,042	$335,983
2020	$1,115,674	$1,183,768	$749,093	$-68,094
2019	$2,056,609	$1,982,042	$846,511	$74,567
2018	$2,056,077	$2,065,248	$865,522	$-9,171
2017	$1,923,423	$1,847,124	$987,631	$76,299

FLORIDA PUBLIC PENSION TRUSTEES ASSOCIATION INC