FLORIDA WORKERS ADVOCATES INC (EIN 593083931) - Form 990 Financial Analysis & Trantor Score

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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

1989

Legal Domicile

Principal Officer

ERIC B SANDLER

Phone

8505447982

Tax Period

2023-01-01 to 2023-12-31

FLORIDA WORKERS ADVOCATES INC, founded in 1989, is a small nonprofit that reported $530K in total revenue in fiscal year 2023. Expenses of $458K left a modest 14% surplus.

Mission

AS A TRADE ASSOCIATION OF CLAIMANTS ATTORNEYS, FWA SEEKS TO PROTECT AND PROMOTE THE INTERESTS OF INJURED WORKERS UNDER THE WORKERS COMPENSATION LAW OF FLORIDA, CHAPTER 440, FLORIDA STATUTES.

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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 $495,454

Investment Income $32

Other Revenue $34,903

TOTAL REVENUE $530,389

Expense Breakdown

Grants Paid $0

Salaries & Benefits $60,000

Fundraising Expenses $0

Other Expenses $397,693

TOTAL EXPENSES $457,693

Year-over-Year Comparison

	2023	2022	Change
Revenue	$530,389	$557,868	0.0%
Expenses	$457,693	$482,844	-0.1%
Net Income	$72,696	$75,024	0.0%

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

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

$60,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARLA HART	EXECUTIVE DI	40.00	Officer	$60,000	$0	$60,000
CATHY AGACINSKI	BOARD MEMBER	0.50	Director	$0	$0	$0
HOLLEY N AKERS	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
JORDAN ANDERSON	BOARD MEMBER	0.50	Director	$0	$0	$0
PAUL M ANDERSON	BOARD MEMBER	0.50	Director	$0	$0	$0
LANCE F AVERA	BOARD MEMBER	0.50	Director	$0	$0	$0
ARTHUR C BEAL	BOARD MEMBER	0.50	Director	$0	$0	$0
RICHARD B BERMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
KELLY CAMBRON	BOARD MEMBER	0.50	Director	$0	$0	$0
GEORGE B CAPPY	BOARD MEMBER	0.50	Director	$0	$0	$0
MATTHEW S CARRILLO	BOARD MEMBER	0.50	Director	$0	$0	$0
AUDREY M CASTRO	BOARD MEMBER	0.50	Director	$0	$0	$0
ERIC M CHRISTIANSEN	SECRETARY	0.50	Officer Director	$0	$0	$0
MARKO CRESPO	BOARD MEMBER	0.50	Director	$0	$0	$0
KENNETH ERHLICH	BOARD MEMBER	0.50	Director	$0	$0	$0
ROSEMARY B EURE	BOARD MEMBER	0.50	Director	$0	$0	$0
MANUEL G FRANCO	TREASURER	0.50	Officer Director	$0	$0	$0
JEFFREY M FRIEDMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
BRIAN GREENBERG	BOARD MEMBER	0.50	Director	$0	$0	$0
KENNETH M HESSER	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHAEL K HOROWITZ	BOARD MEMBER	0.50	Director	$0	$0	$0
JAMES F FEE JR	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHAEL J CELESTE JR	BOARD MEMBER	0.50	Director	$0	$0	$0
MARK A LEE	BOARD MEMBER	0.50	Director	$0	$0	$0
ADAM LITTMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
PAOLO A LONGO	BOARD MEMBER	0.50	Director	$0	$0	$0
RAMON MALCA	BOARD MEMBER	0.50	Director	$0	$0	$0
SANDRA L MCAULEY	BOARD MEMBER	0.50	Director	$0	$0	$0
RICARDO MORALES	BOARD MEMBER	0.50	Director	$0	$0	$0
CHRIS MOSSALLATI	BOARD MEMBER	0.50	Director	$0	$0	$0
DENNIS A PALSO	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHAEL D RUDOLPH	BOARD MEMBER	0.50	Director	$0	$0	$0
ERIC B SANDLER	PRESIDENT	0.50	Officer Director	$0	$0	$0
JOHN F SHARPLESS	BOARD MEMBER	0.50	Director	$0	$0	$0
KELLYE A SHOEMAKER	BOARD MEMBER	0.50	Director	$0	$0	$0
SALVATORE SICUSO	BOARD MEMBER	0.50	Director	$0	$0	$0
DENNIS D SMEJKAL	BOARD MEMBER	0.50	Director	$0	$0	$0
BRADLEY G SMITH	BOARD MEMBER	0.50	Director	$0	$0	$0
CHRISTOPHER J SMITH	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHAEL G SREBNICK	BOARD MEMBER	0.50	Director	$0	$0	$0
BRIAN O SUTTER	BOARD MEMBER	0.50	Director	$0	$0	$0
KIMBERLY J SYFRETT	BOARD MEMBER	0.50	Director	$0	$0	$0
MARK A TOUBY	BOARD MEMBER	0.50	Director	$0	$0	$0
ZACHARY G TUCKER	BOARD MEMBER	0.50	Director	$0	$0	$0
GLEN D WIELAND	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHAEL J WINER	BOARD MEMBER	0.50	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	No data	No data	No data	No data
2023	$530,389	$457,693	$366,731	$72,696
2022	$557,868	$482,844	$294,035	$75,024
2021	$369,100	$438,384	$219,011	$-69,284
2020	$361,454	$442,609	$288,295	$-81,155
2019	$437,884	$396,542	$369,450	$41,342
2018	$374,876	$325,269	$327,744	$49,607
2017	$469,587	$404,605	$278,137	$64,982

FLORIDA WORKERS ADVOCATES INC