FLORIDA SOCIETY OF OTOLARYNGOLOGY INC (EIN 596201213) - 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

2008

Legal Domicile

Principal Officer

SCOTT POWELL

Phone

5615064602

Tax Period

2024-01-01 to 2024-12-31

FLORIDA SOCIETY OF OTOLARYNGOLOGY INC, founded in 2008, is a small nonprofit that reported $114K in total revenue in fiscal year 2024. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $174K exceeded revenue, resulting in a 53% operating deficit.

Mission

THE OBJECTIVES OF THIS SOCIETY SHALL BE TO BRING INTO ONE ORGANIZATION THOSE WHO ARE INTERESTED IN THE PROMOTION AND ADVANCEMENT OF THE PRACTICE OF OTOLARYNGOLOGY IN THE STATE OF FLORIDA AND TO PROVIDE EDUCATIONAL MEETINGS FOR THE FULL AND FRANK INTERCHANGE OF VIEWS CONCERNING THIS MEDICAL SPECIALTY.

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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 $113,654

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $113,654

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $124,559

Other Expenses $174,078

TOTAL EXPENSES $174,078

Year-over-Year Comparison

	2024	2023	Change
Revenue	$113,654	$335,724	-0.7%
Expenses	$174,078	$248,032	-0.3%
Net Income	$-60,424	$87,692	-1.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENDA NUZZOLO	EXECUTIVE DIRECTOR	8.00	Officer Director	$0	$0	$0
CAMYSHA WRIGHT MD	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN LOBO MD	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARIA SUURNA	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
SCOTT POWELL	PRESIDENT ELECT/PROGRAM CH	1.00	Officer Director	$0	$0	$0
ADRIEN ESHRAGHI MD MSC	DIRECTOR	1.00	Director	$0	$0	$0
TAPAN PADHYA MD	DIRECTOR	1.00	Director	$0	$0	$0
AMY L RUTT DO	DIRECTOR	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
2024	$113,654	$174,078	$150,545	$-60,424
2023	$335,724	$248,032	$210,969	$87,692
2022	$71,324	$133,061	$123,277	$-61,737
2021	$87,656	$126,879	$188,664	$-39,223
2020	$83,882	$81,005	$248,009	$2,877
2019	$212,623	$203,998	$241,900	$8,625

FLORIDA SOCIETY OF OTOLARYNGOLOGY INC