FLORIDA SERVICE AGREEMENT ASSOC INC

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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

1996

Legal Domicile

Principal Officer

STEVEN BROOKS

Phone

8504254000

Tax Period

2021-01-01 to 2021-12-31

FLORIDA SERVICE AGREEMENT ASSOC INC, founded in 1996, is a micro nonprofit that reported $54K in total revenue in fiscal year 2021. Revenue surged 39% from the prior year, signaling strong growth momentum. Net assets of $146K represent 33 months of operating reserves.

Mission

MONITOR REGULATORY & LEGISLATIVE ISSUES IN FLORIDA IN REGARDS TO COMPANIES ENGAGED IN THE EXTENDED WARRANTY BUSINESS.

Program Service Accomplishments

Program 1

MONITORED LEGISLATIVE ACTIVITIES ON ISSUES AFFECTING THE EXTENDED WARRANTY BUSINESS. WORKED WITH LAWMAKERS TO DEVELOP FAIR AND CONSISTENT REGULATION TO PROTECT CONSUMERS, MAINTAIN A FREE MARKET AND...

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $53,700

Investment Income $0

Other Revenue $0

TOTAL REVENUE $53,700

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $55,764

TOTAL EXPENSES $55,764

Year-over-Year Comparison

	2021	2020	Change
Revenue	$53,700	$38,500	+0.4%
Expenses	$55,764	$50,457	+0.1%
Net Income	$-2,064	$-11,957	-0.8%

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
STEVE BROOKS	PRESIDENT	0.25	Officer Director	$0	$0	$0
CROCKETT HERD	DIRECTOR	0.25	Director	$0	$0	$0
RENEE PACE	DIRECTOR	0.25	Director	$0	$0	$0
DARWIN PACE	DIRECTOR	0.25	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
2021	$53,700	$55,764	$146,244	$-2,064
2020	$38,500	$50,457	$148,308	$-11,957
2019	$65,345	$66,977	$160,265	$-1,632
2018	$64,600	$59,472	$161,897	$5,128