FLORIDA ASSOCIATION OF PUBLIC INSURANCE ADJUSTERS INC

EIN: 593256640 Mutual Benefit

MIAMI, FL

Total Revenue
$1,062,045
Total Expenses
$1,316,870
Total Assets
$888,741
Net Assets
$882,951
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
FL
Principal Officer
JUAN MOYA
Phone
8662356489
Tax Period
2024-01-01 to 2024-12-31

FLORIDA ASSOCIATION OF PUBLIC INSURANCE ADJUSTERS INC, founded in 1993, is a community nonprofit in the Mutual Benefit sector that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $1.3M exceeded revenue, resulting in a 24% operating deficit.

Mission

TO ORGANIZE THE PUBLIC INSURANCE ADJUSTERS OF THE STATE OF FLORIDA TO BETTER SERVE THE INTERESTS OF THE INSURED CITIZENRY OF THE STATE AND TO HELP FACILITATE THE EXPEDITIOUS AND PROPER HANDLING OF INSURANCE LOSSES AND CLAIMS. TO UNITE THE PUBLIC INSURANCE ADJUSTERS OF THE STATE OF FLORIDA FOR THEIR MUTUAL BENEFIT, EDUCATION AND PROTECTION, AS WELL AS TO PROTECT AND BENEFIT THE GENERAL PUBLIC. TO ESTABLISH AND MAINTAIN HIGH STANDARDS OF PROFESSIONAL CONDUCT AND EFFICIENCY AMONG ITS MEMBERS, AND TO STUDY AND ASSIST IN CARRYING OUT THE PROVISIONS OF ALL LAWS AND REGULATIONS PERTAINING TO PUBLIC INSURANCE ADJUSTERS THAT MAY BE ENACTED OR FORMULATED BY THE U.S. GOVERNMENT OR BY THE FLORIDA LEGISLATURE AND INSURANCE DEPARTMENT OF THE STATE OF FLORIDA. TO ADVANCE AND PROTECT THE INTERESTS OF ITS MEMBERS, TO PROMOTE THEIR WELFARE, AND TO ATTAIN A SPIRIT OF HELPFUL ASSISTANCE AND COOPERATION AMONG ITS MEMBERS. TO BECOME A SOURCE OF CONSULTATION REGARDING INDUSTRY ISSUES FOR THE FLORIDA DEPARTME

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,044,891
Investment Income $17,154
Other Revenue $0
TOTAL REVENUE $1,062,045

Expense Breakdown

Grants Paid $2,160
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $1,314,710
TOTAL EXPENSES $1,316,870

Year-over-Year Comparison

2024 2023 Change
Revenue $1,062,045 $905,809 +0.2%
Expenses $1,316,870 $1,325,813 0.0%
Net Income $-254,825 $-420,004 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
15

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
5
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANCIS ALTIERI VICE PRESIDE 5.00
Officer Director
$0 $0 $0
EYAL BEN-MAIER DIRECTOR 2.00
Director
$0 $0 $0
JOSHUA CONNOR DIRECTOR 2.00
Director
$0 $0 $0
JOSE LUIS CORDO DIRECTOR 2.00
Director
$0 $0 $0
WENDI GABRIEL SECRETARY 5.00
Officer Director
$0 $0 $0
JOHN HORNBUCKLE PRESIDENT 8.00
Officer Director
$0 $0 $0
RICHARD HUNTER DIRECTOR 2.00
Director
$0 $0 $0
LAUREN KEITH DIRECTOR 2.00
Director
$0 $0 $0
BILL KOVACIK DIRECTOR 2.00
Director
$0 $0 $0
DAN LABOW DIRECTOR 2.00
Director
$0 $0 $0
EDWIN LEAL IMM. PAST PR 2.00
Director
$0 $0 $0
MICHAEL ROSS LOBIONDO DIRECTOR 2.00
Director
$0 $0 $0
JUAN MOYA PRESIDENT - 5.00
Officer Director
$0 $0 $0
JOHN P WALIGORA SR TREASURER 5.00
Officer Director
$0 $0 $0
RICK TUTWILER DIRECTOR 2.00
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 $1,062,045 $1,316,870 $888,741 $-254,825
2023 $905,809 $1,325,813 $1,143,756 $-420,004
2022 $1,103,070 $796,267 $1,561,170 $306,803
2021 $1,134,534 $1,040,628 $1,279,722 $93,906
2020 $878,993 $762,481 $1,144,755 $116,512
2019 $1,377,990 $1,030,435 $1,028,243 $347,555
2018 $1,012,448 $825,093 $680,688 $187,355
Explore More Nonprofits
Top 100 Nonprofits in Florida Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare FLORIDA ASSOCIATION OF PUBLIC INSURANCE ADJUSTERS INC with other nonprofits in Florida and across the country.