FLORIDA RELIABILITY COORDINATING COUNCIL INC (EIN 593403555) - 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

1998

Legal Domicile

Principal Officer

MORVARID JONES

Phone

8132895644

Tax Period

2025-01-01 to 2025-12-31

FLORIDA RELIABILITY COORDINATING COUNCIL INC, founded in 1998, is a mid-sized nonprofit that reported $18.7M in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO COORDINATE A SAFE, RELIABLE, AND SECURE BULK POWER SYSTEM IN 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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $18,547,017

Investment Income $200,919

Other Revenue $0

TOTAL REVENUE $18,747,936

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,050,929

Fundraising Expenses $0

Other Expenses $11,327,936

TOTAL EXPENSES $18,378,865

Year-over-Year Comparison

	2025	2024	Change
Revenue	$18,747,936	$17,252,660	+0.1%
Expenses	$18,378,865	$17,254,536	+0.1%
Net Income	$369,071	$-1,876	-197.7%

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

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

$989,210

Total Directors

Key Employees

$1,502,660

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHIP WHITWORTH	VICE CHAIR/CHAIR(BEGAN 2/25)	1.00	Officer Director	$0	$0	$0
JACOB WILLIAMS	CHAIR (THRU 2/18/25)/DIRECTOR	1.00	Officer Director	$0	$0	$0
RICKY ERIXTON	SEC/TRES/VICE CHAIR (BEGAN 2/25)	1.00	Officer Director	$0	$0	$0
BRIAN HORTON	DIRECTOR/SEC/TRES (BEGAN 2/25)	1.00	Officer Director	$0	$0	$0
JENNFIER ALBRITTON	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BECKHAM	DIRECTOR	1.00	Director	$0	$0	$0
TOM BROWN	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
ED DEVARONA	DIRECTOR (THRU 10/7/25)	1.00	Director	$0	$0	$0
TONY GUILLEN	DIRECTOR	1.00	Director	$0	$0	$0
RANDY HAHN	DIRECTOR	1.00	Director	$0	$0	$0
LISA JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
ATTILA MISZTI	DIRECTOR	1.00	Director	$0	$0	$0
ANDY PANKRATZ	DIRECTOR (STARTED 10/7/25)	1.00	Director	$0	$0	$0
NELSON PEELER	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA SMELKER	DIRECTOR	1.00	Director	$0	$0	$0
AARON P CASTO	CEO (THRU 10/31/25)	40.00	Officer	$493,889	$27,816	$521,705
MORVARID MALEK JONES	VP/GENERAL COUNSEL/DIRECTOR HR	40.00	Officer	$389,096	$78,409	$467,505
VICENTE ORDAX JR	SR. DIRECTOR OF PLANNING	40.00	Key Emp	$318,834	$75,568	$394,402
JUDITH M ALDROVANDI	SR. DIRECTOR OF CORPORATE SVCS	40.00	Key Emp	$310,240	$83,406	$393,646
DIANNA CHRISTINE LARUSSA	SR. DIRECTOR OF OPERATIONS	40.00	Key Emp	$325,667	$60,288	$385,955
RICHARD GILBERT	DIRECTOR OF REGULATORY	40.00	Key Emp	$261,428	$67,229	$328,657
PAUL LUTHER DAVIS	SR. MNGR OF RELIABILITY COORDINATOR OPS	40.00	Highest	$231,013	$70,184	$301,197
BRIAN M MALFANT	IT DIRECTOR	40.00	Highest	$242,316	$46,643	$288,959
MARK J WEHLAGE	MNGR RELIABILITY ASSESS/MEMBER SUPP	40.00	Highest	$200,586	$82,720	$283,306
JOHN LIBERTZ	MANAGER OF OPS	40.00	Highest	$211,543	$61,538	$273,081
ADRIAN RADUCEA	MNGR REG TRANSMISSION PLANNING	40.00	Highest	$201,091	$45,472	$246,563

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
2025	$18,747,936	$18,378,865	$11,378,369	$369,071
2024	$17,252,660	$17,254,536	$11,027,206	$-1,876
2023	$15,072,532	$15,858,551	$11,285,432	$-786,019
2022	$15,030,315	$16,259,310	$13,501,708	$-1,228,995
2021	$13,874,923	$12,901,240	$10,138,227	$973,683
2020	$13,812,474	$12,920,675	$8,384,525	$891,799
2019	$17,027,521	$17,869,719	$7,717,920	$-842,198
2018	$18,842,852	$18,342,052	$12,830,001	$500,800

FLORIDA RELIABILITY COORDINATING COUNCIL INC