FLORIDA RIMS CONFERENCE INC (EIN 650911025) - 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

1999

Legal Domicile

Principal Officer

CAROL ERBS

Phone

9548011110

Tax Period

2024-01-01 to 2024-12-31

FLORIDA RIMS CONFERENCE INC, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $735K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $211K, a strong 29% operating margin.

Mission

DEDICATED TO PROMOTING AND ADVANCING THE PRACTICE OF RISK MANAGEMENT THROUGH AN ANNUAL CONFERENCE , THE PURPOSE OF WHICH IS TO BRING TOGETHER RISK MANAGEMENT CARRIERS , VENDORS , CHAPTER MEMBERS AND OTHERS.

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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 $0

Program Service Revenue $735,397

Investment Income $0

Other Revenue $0

TOTAL REVENUE $735,397

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $524,398

TOTAL EXPENSES $524,398

Year-over-Year Comparison

	2024	2023	Change
Revenue	$735,397	$589,831	+0.2%
Expenses	$524,398	$520,120	+0.0%
Net Income	$210,999	$69,711	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL ERBS	PRESIDENT	015.00	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	$735,397	$524,398	$313,595	$210,999
2023	$589,831	$520,120	$205,168	$69,711
2022	$520,577	$491,355	$119,740	$29,222
2021	$380,950	$313,107	$90,518	$67,843
2020	$63	$23,464	$90,118	$-23,401
2019	$376,131	$328,013	$116,963	$48,118
2018	$407,186	$344,878	$191,628	$62,308

FLORIDA RIMS CONFERENCE INC