FLORIDA LIMOUSINE ASSOCATION INC

EIN: 650063412 Community Improvement

BOCA RATON, FL

Total Revenue
$227,223
Total Expenses
$230,385
Total Assets
$12,673
Net Assets
$12,673
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
FL
Principal Officer
RICK VERSACE
Phone
5617029319
Tax Period
2023-01-01 to 2023-12-31

FLORIDA LIMOUSINE ASSOCATION INC, founded in 1989, is a small nonprofit in the Community Improvement sector that reported $227K in total revenue in fiscal year 2023.

Mission

THE PURPOSE OF THE FLORIDA LIMOUSINE ASSOCATION IS TO ASSIST IN THE CREATION AND CONTINUED DEVELOPMENT OF A VIBRANT GROUND TRANSPORTATION INDUSTRY IN THE STATE OF FLORIDA. THIS ORGANIZATION IS MAINLY AN EDUCATIONAL FORUM BRINGING INFORMATION TO MEMBERS PAYING DUES TO HELP RUN THEIR ORGANIZATIONS LEGALLY AND EFFECTIVELY. OUR INDUSTRY IS PLAGUED BY INDIVIDUALS (GYPSY OPERATIONS) WHO FAIL TO PROVIDE "FOR HIRE" INSURANCE ON THEIR VEHICLES AND WHO FAIL TO REGISTER THEIR VEHICLES AND DRIVERS WITH THE APPROPRIATE LOCAL JURISICTIONS. THESE OPERATIONS GIVE OUR INDUSTRY A BAD NAME AND ENDANGER THE SAFETY OF THE RIDING PUBLIC. THE GOAL OF THE F.L.A IS TO HAVE MEMBER COMPANIES IN EVERY COUNTY IN THE STATE OF FLORIDA. THESE LOCAL OPERATIONS ARRANGE MEETINGS AND DISCUSSIONS WITH THE LOCAL OFFICIALS IN CONJUNCTION WITH THE F.L.A. TO HELP EDUCATE THESE LOCAL OFFICIALS ABOUT THE DANGERS THESE UNREGULATED OPERATIONS POSE TO THE CITIZENRY OF OUR STATE. THE F.L.A. DISTRIBUTES A MONTHLY ONLINE NEWSLETTER W

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $10,000
Program Service Revenue $217,223
Investment Income $0
Other Revenue $0
TOTAL REVENUE $227,223

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $94,344
Other Expenses $230,385
TOTAL EXPENSES $230,385

Year-over-Year Comparison

2023 2022 Change
Revenue $227,223 N/A N/A
Expenses $230,385 N/A N/A
Net Income $-3,162 N/A N/A
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

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Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
18
Employees
N/A
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
5
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARRY GREENE TREASURER 6.00
Officer Director
$0 $0 $0
TOM HALSNIK SECRETARY 4.00
Officer Director
$0 $0 $0
TIM ROSE 2ND VICE PRE 4.00
Officer Director
$0 $0 $0
RICK VERSACE PRESIDENT 5.00
Officer Director
$0 $0 $0
CLIFF WRIGHT 1ST VICE PRE 2.00
Officer 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 No data No data No data No data
2023 $227,223 $230,385 $12,673 $-3,162
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