FLORIDA FINISHING TRADES INSTITUTE (EIN 593420710) - 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

1964

Legal Domicile

Principal Officer

RICHARD JONES

Phone

4078523977

Tax Period

2024-07-01 to 2025-06-30

FLORIDA FINISHING TRADES INSTITUTE, founded in 1964, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $480K, a strong 30% operating margin.

Mission

PROVIDE TRAINING AND RE-TRAINING IN THE PAINTING, GLAZING AND ALLIED TRADES INDUSTRY 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 (2024)

Revenue Breakdown

Contributions & Grants $39,600

Program Service Revenue $1,575,443

Investment Income $701

Other Revenue $5,000

TOTAL REVENUE $1,620,744

Expense Breakdown

Grants Paid $0

Salaries & Benefits $545,089

Fundraising Expenses $0

Program Expenses $700,882

Other Expenses $596,049

TOTAL EXPENSES $1,141,138

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,620,744	$1,329,103	+0.2%
Expenses	$1,141,138	$954,142	+0.2%
Net Income	$479,606	$374,961	+0.3%

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

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
XAVIER CEPEDA	LABOR TRUSTEE	1.00	Director	$0	$0	$0
RICHARD JONES	LABOR TRUSTEE	1.00	Director	$0	$0	$0
DARRELL STARKS	LABOR TRUSTEE	1.00	Director	$0	$0	$0
ALBERT TROMBETTA	LABOR TRUSTEE	1.00	Director	$0	$0	$0
DONALD DRASHEFF	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
NIKITAS MANIAS	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
JODY MCDOWELL	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
BRUCE WOHL	MANAGEMENT TRUSTEE	1.00	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
2025	$1,620,744	$1,141,138	$1,565,475	$479,606
2024	$1,329,103	$954,142	$1,018,697	$374,961
2023	$1,394,563	$1,282,775	$678,170	$111,788
2022	$1,282,432	$1,184,553	$566,382	$97,879
2021	$1,281,202	$1,195,436	$472,688	$85,766
2020	$1,456,585	$1,575,743	$524,490	$-119,158
2019	$1,706,944	$1,668,193	$498,630	$38,751
2018	$1,565,423	$1,841,592	$447,905	$-276,169

FLORIDA FINISHING TRADES INSTITUTE