FLORIDA ASSOCIATION OF MORTGAGE PR… - Form 990 Financial Data

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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

1987

Legal Domicile

Principal Officer

MICHAEL PEARSON

Phone

9549860808

Tax Period

2024-08-01 to 2025-07-31

FLORIDA ASSOCIATION OF MORTGAGE PROFESSIONALS - GOLD COAST CHAPTER, founded in 1987, is a small nonprofit that reported $130K in total revenue in fiscal year 2024. Revenue surged 79% from the prior year, signaling strong growth momentum. Expenses of $118K left a modest 9% surplus.

Mission

TO KEEP MEMBERS ABREAST OF CURRENT INDUSTRY DEVELOPMENTS INCLUDING CONTINUING EDUCATION, NEWSLETTERS AND TRADE SHOWS.

Program Service Accomplishments

Program 1

Expenses: $103,636 Revenue: $128,833

SEMINARS, EDUCATIONAL MEETINGS,TRADE SHOWS AND NEWSLETTERS TO EDUCATE AND KEEP MEMBERS ABREAST OF CURRENT INDUSTRY DEVELOPMENTS.

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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 $868

Program Service Revenue $128,833

Investment Income $9

Other Revenue $57

TOTAL REVENUE $129,767

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $103,636

Other Expenses $118,480

TOTAL EXPENSES $118,480

Year-over-Year Comparison

	2024	2023	Change
Revenue	$129,767	$72,486	+0.8%
Expenses	$118,480	$83,582	+0.4%
Net Income	$11,287	$-11,096	-2.0%

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	Role	Reportable Comp	Other Comp	Total
MAGDA LOURIERO	PRESIDENT	Officer	$0	$0	$0
DOINA LUTCHI	TREASURER	Officer	$0	$0	$0
MICHAEL PEARSON	SECRETARY	Officer	$0	$0	$0
GERALD SANCHEZ	VICE PRESIDE	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	$129,767	$118,480	$65,169	$11,287
2024	$72,486	$83,582	$53,882	$-11,096
2023	$85,298	$81,564	$64,978	$3,734
2022	$101,871	$92,689	$61,245	$9,182
2021	$54,128	$60,761	$52,063	$-6,633
2020	$68,931	$56,265	$58,696	$12,666
2019	$79,456	$72,577	$46,031	$6,879

FLORIDA ASSOCIATION OF MORTGAGE PROFESSIONALS - GOLD COAST CHAPTER