South Florida Physicans Excess Insuring Trust

EIN: 592716339

Miami, FL

Total Revenue
$99,550
Total Expenses
$153,593
Total Assets
$2,401,103
Net Assets
$1,750,353
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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
1985
Legal Domicile
FL
Principal Officer
Burt Redlus
Phone
3053746368
Tax Period
2022-01-01 to 2022-12-31

South Florida Physicans Excess Insuring Trust, founded in 1985, is a micro nonprofit that reported $100K in total revenue in fiscal year 2022. Expenses of $154K exceeded revenue, resulting in a 54% operating deficit.

Mission

Providing malpractice insurance to Ophthalmologists in South Florida.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $71,656
Investment Income $27,894
Other Revenue $0
TOTAL REVENUE $99,550

Expense Breakdown

Grants Paid $0
Salaries & Benefits $96,000
Fundraising Expenses $0
Program Expenses $153,593
Other Expenses $57,593
TOTAL EXPENSES $153,593

Year-over-Year Comparison

2022 2021 Change
Revenue $99,550 N/A N/A
Expenses $153,593 N/A N/A
Net Income $-54,043 $0 N/A
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

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Governance

Voting Members
3
Independent Members
3
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
3
$72,000
Total Directors
3
$72,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Eugene Eisner President 0.25
Officer Director
$24,000 $0 $24,000
Rafael Hernandez Vice President Treasurer 0.25
Officer Director
$24,000 $0 $24,000
Gary Hopen Secretary 0.25
Officer Director
$24,000 $0 $24,000
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
2022 $99,550 $153,593 $2,401,103 $-54,043
2021 $82,519 $200,797 $2,452,336 $-118,278
2020 $88,653 $128,798 $2,564,287 $-40,145
2019 $162,556 $37,250 $2,610,095 $125,306
2018 $107,147 $143,159 $2,642,660 $-36,012
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