THE EDUCATION FOUNDATION OF THE FLORIDA RESTAURANT AND LODGING ASSOCIATION INC (EIN 596194391) - 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

1966

Legal Domicile

Principal Officer

CAROL B DOVER

Phone

8502242250

Tax Period

2024-01-01 to 2024-12-31

THE EDUCATION FOUNDATION OF THE FLORIDA RESTAURANT AND LODGING ASSOCIATION INC, founded in 1966, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

IMPLEMENTATION OF INDUSTRY DEVELOPED SCHOOL-TO-CAREER PROGRAMS THROUGH INTERACTION WITH STUDENTS, INSTRUCTORS AND INDUSTRY LEADERS.

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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 $1,102,977

Program Service Revenue $991,563

Investment Income $76,710

Other Revenue $99,710

TOTAL REVENUE $2,270,960

Expense Breakdown

Grants Paid $1,426,388

Salaries & Benefits $159,531

Fundraising Expenses $0

Program Expenses $2,103,029

Other Expenses $676,881

TOTAL EXPENSES $2,262,800

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,270,960	$2,042,274	+0.1%
Expenses	$2,262,800	$2,046,474	+0.1%
Net Income	$8,160	$-4,200	-2.9%

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

$1,498,681

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY BETH HANSEN	CHAIR	1.00	Officer Director	$0	$0	$0
LAURA CIAMPA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
OLIVIA HOBLIT	E.C. LIAISON	1.00	Officer Director	$0	$0	$0
JESSICA BECKNER-ROSENFIELD	TRUSTEE	1.00	Director	$0	$0	$0
OLIVIA HOBLIT	TRUSTEE	1.00	Director	$0	$0	$0
PHILIP LI	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD SCHNEIDER	TRUSTEE	1.00	Director	$0	$0	$0
PAUL BONNETTE	CHAPTER REPRESENTATIVE	1.00	Director	$0	$0	$0
JB WARD	CHAPTER REPRESENTATIVE	1.00	Director	$0	$0	$0
RAMOLA MOTWANI	CHAPTER REPRESENTATIVE	1.00	Director	$0	$0	$0
BARBARA BOWDEN	CHAPTER REPRESENTATIVE	1.00	Director	$0	$0	$0
LAURIE FARLOW	CHAPTER REPRESENTATIVE	1.00	Director	$0	$0	$0
RANDY UPCHURCH	CHAPTER REPRESENTATIVE	1.00	Director	$0	$0	$0
MANNY RODRIGUEZ	CHAPTER REPRESENTATIVE	1.00	Director	$0	$0	$0
GWENDOLYN SMITH	CHAPTER REPRESENTATIVE	1.00	Director	$0	$0	$0
DAVID WARRINER	CHAPTER REPRESENTATIVE	1.00	Director	$0	$0	$0
JUSTIN GARNER	CHAPTER REPRESENTATIVE	1.00	Director	$0	$0	$0
AARON HOEFEN	CHAPTER REPRESENTATIVE	1.00	Director	$0	$0	$0
JAVIER RASMUSSEN	CHAPTER REPRESENTATIVE	1.00	Director	$0	$0	$0
BARRY KADEL	CHAPTER REPRESENTATIVE	1.00	Director	$0	$0	$0
NICOLE BAILEY	CHAPTER REPRESENTATIVE	1.00	Director	$0	$0	$0
SHELLY FANO	CHAPTER REPRESENTATIVE	1.00	Director	$0	$0	$0
LAURA CIAMPA	CHAPTER REPRESENTATIVE	1.00	Director	$0	$0	$0
TIFFIANY HOLMES	CHAPTER REPRESENTATIVE	1.00	Director	$0	$0	$0
DENNIS CHAN	CHAPTER REPRESENTATIVE	1.00	Director	$0	$0	$0
MADISON SHIRLEY	CHAPTER REPRESENTATIVE	1.00	Director	$0	$0	$0
STELLA QUINTERO	CHAPTER REPRESENTATIVE	1.00	Director	$0	$0	$0
ERIC WALTZ	CHAPTER REPRESENTATIVE	1.00	Director	$0	$0	$0
LAURILEE THOMPSON	CHAPTER REPRESENTATIVE	1.00	Director	$0	$0	$0
SARA MALMSTROM	CHAPTER REPRESENTATIVE	1.00	Director	$0	$0	$0
GIL REYES	CHAPTER REPRESENTATIVE	1.00	Director	$0	$0	$0
ERNIE MOSES	CHAPTER REPRESENTATIVE	1.00	Director	$0	$0	$0
CARL BERRY	CHAPTER REPRESENTATIVE	1.00	Director	$0	$0	$0
CAROL DOVER	FRLA PRESIDENT/CEO	5.00	Officer	$0	$75,650	$1,092,699
ROBERT DEARDEN	CFO OF FRLA	5.00	Officer	$0	$71,934	$405,982

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	$2,270,960	$2,262,800	$2,577,412	$8,160
2023	$2,042,274	$2,046,474	$2,489,174	$-4,200
2022	$1,006,525	$933,075	$2,403,087	$73,450
2021	$1,103,396	$1,001,177	$2,514,924	$102,219
2020	$891,859	$832,599	$2,367,758	$59,260
2019	$1,076,389	$895,955	$2,217,119	$180,434
2018	$1,015,942	$885,711	$1,855,771	$130,231

THE EDUCATION FOUNDATION OF THE FLORIDA RESTAURANT AND LODGING ASSOCIATION INC