FLORIDA INSURANCE FRAUD EDUCATION … - Form 990 Financial Data

🔒

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

Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

JESUS ALVAREZ

Phone

4075311050

Tax Period

2023-08-01 to 2024-07-31

FLORIDA INSURANCE FRAUD EDUCATION COMMITTEE, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $424K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $100K, a strong 24% operating margin.

Mission

Provide educational classes to law enforcement, prosecutors, insurance claim investigators and others dealing with fraudulent insurance claims so they can detect, investigate, prosecute and prevent false insurance claims that increase the cost of insurance for all consumers. This is a joint effort of the Florida Department of Financial services, Division of Investigations and Forensic Services (DIFS) and the Special Investigation Units (SIU's) of various insurance companies.

Program Service Accomplishments

Program 1

Expenses: $323,918 Revenue: $424,014

THE ORGANIZATION PUTS ON AN ANNUAL CONFERENCE EACH YEAR CONSISTING OF APPROXIMATELY 60 COURSES RELATED TO INSURANCE FRAUD FOR THE BENEFIT OF LAW ENFORCEMENT AND OTHER PERSONS INVOLVED IN THE...

THE ORGANIZATION PUTS ON AN ANNUAL CONFERENCE EACH YEAR CONSISTING OF APPROXIMATELY 60 COURSES RELATED TO INSURANCE FRAUD FOR THE BENEFIT OF LAW ENFORCEMENT AND OTHER PERSONS INVOLVED IN THE DETECTION, INVESTIGATION, PROSECUTION AND PREVENTION OF FRAUDULENT INSURANCE CLAIMS. THIS CONFERENCE IS ATTENDED BY UP TO 1200 INDIVIDUALS, INCLUDING OVER 100 WHO ATTEND ON GRANTS AND/OR WAIVERS OF REGISTRATION FEES PROVIDED BY THE ORGANIZATION. THIS IS THE ONLY PROGRAM SERVICE THE ORGANIZATION IS INVOLVED IN AND IT TAKES ALL YEAR AND THOUSANDS OF VOLUNTEER HOURS TO PREPARE AND CARRY OUT THE CONFERENCE. THE ORGANIZATION DOES NOT HAVE ANY PAID EMPLOYEES OR EXECUTIVE DIRECTOR BECAUSE IT IS RUN BY VOLUNTEERS. THE REGISTRATION FEES ARE KEPT VERY REASONABLE, ALLOWING MORE PEOPLE TO ATTEND. IT HAS GAINED THE REPUTATION IN THE INDUSTRY AS THE BEST INSURANCE FRAUD CONFERENCE IN THE COUNTRY AND IS ATTENDED BY PEOPLE FROM MANY DIFFERENT STATES.

🔒

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $419,786

Investment Income $4,228

Other Revenue $0

TOTAL REVENUE $424,014

Expense Breakdown

Grants Paid $13,150

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $323,918

Other Expenses $310,768

TOTAL EXPENSES $323,918

Year-over-Year Comparison

	2023	2022	Change
Revenue	$424,014	$392,280	+0.1%
Expenses	$323,918	$344,869	-0.1%
Net Income	$100,096	$47,411	+1.1%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

140

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

$7,821

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elizabeth Somers	Director (COMPENSATED AS WEBMASTER)	5	Director	$7,821	$0	$7,821
Jesus Alvarez	Director (2 positions)	5	Director	$0	$0	$0
Kyle Herbert	Director	5	Director	$0	$0	$0
Jill Oliveri	Director	5	Director	$0	$0	$0
John Sevino	Director	5	Director	$0	$0	$0
Juli Hyde	Director	5	Director	$0	$0	$0
Katherine Columbia	Director	5	Director	$0	$0	$0
Deanna Ricci	Director	5	Director	$0	$0	$0
ROB ELLIOTT	DIRECTOR	5	Director	$0	$0	$0
DANA FERRIN	VICE CHAIR & Director (2 Positions)	5	Officer Director	$0	$0	$0
ANTHONY PARKER	VICE CHAIR & Director (2 Positions)	5	Officer Director	$0	$0	$0
Eddie Lopez	CHAIR & Director (2 Positions)	5	Officer Director	$0	$0	$0
Charles Beall	Director	5	Director	$0	$0	$0
Dan Milligan	Director	5	Director	$0	$0	$0
Carmen Lambert-Vazquez	Director	5	Director	$0	$0	$0
Yohannys Lopez	Secretary	5	Officer	$0	$0	$0
Todd Jameson	Treasurer	5	Officer	$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	No data	No data	No data	No data
2024	$424,014	$323,918	$329,713	$100,096
2023	$392,280	$344,869	$207,998	$47,411
2022	$317,507	$284,993	$97,600	$32,514

FLORIDA INSURANCE FRAUD EDUCATION COMMITTEE