Healthcare Leaders Association of Florida Inc (EIN 592674412) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Phone

3526748700

Tax Period

2024-01-01 to 2024-12-31

FLORIDA MEDICAL GROUP MANAGEMENT ASSOCIATION, founded in 1986, is a small nonprofit that reported $184K in total revenue in fiscal year 2018. Expenses of $206K exceeded revenue, resulting in a 12% operating deficit.

Mission

The primary purpose of the organization is to promote communication, participation and education among administrators of medical organizations.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $117,935

Investment Income $0

Other Revenue $451

TOTAL REVENUE $118,386

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $142,771

Other Expenses $161,545

TOTAL EXPENSES $161,545

Year-over-Year Comparison

	2024	2023	Change
Revenue	$118,386	$191,230	-0.4%
Expenses	$161,545	$204,913	-0.2%
Net Income	$-43,159	$-13,683	+2.2%

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

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
Patricia Pugh	Vice President	0.00	Director	$0	$0	$0
Karen McCandless	Immediate Past President	0.00	Director	$0	$0	$0
David Young	Treasurer	0.00	Director	$0	$0	$0
Michelle Register	President Elect	0.00	Director	$0	$0	$0
Rob Parker	Member at Large	0.00	Director	$0	$0	$0
Johanna Williams	VP South East	0.00	Director	$0	$0	$0
Debbie Stearns	Member at Large	0.00	Director	$0	$0	$0
Kevin Pizzuti	Member at Large	0.00	Director	$0	$0	$0
Lisa Beard	Executive Director	20.00	Director	$0	$0	$0
Kory Thomas	President	0.00	Officer 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	$118,386	$161,545	$13,158	$-43,159
2023	$191,230	$204,913	$56,317	$-13,683
2022	$238,340	$251,620	$70,000	$-13,280
2021	$157,430	$148,116	$83,280	$9,314
2020	$108,511	$79,478	$73,966	$29,033
2019	$197,015	$169,962	$44,933	$27,053
2018	$183,528	$206,094	$17,839	$-22,566

Healthcare Leaders Association of Florida Inc