FLORIDA BANKERS HEALTH CONSORTIUM … - 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

2017

Legal Domicile

Principal Officer

ADELLA SALINAS

Phone

4073330088

Tax Period

2024-01-01 to 2024-12-31

FLORIDA BANKERS HEALTH CONSORTIUM INC, founded in 2017, is a mid-sized nonprofit in the Mutual Benefit sector that reported $26.2M in total revenue in fiscal year 2024.

Mission

TO PROVIDE GROUP INSURANCE BENEFITS FOR THE EMPLOYEES OF ITS PARTICIPATING MEMBERS.

Program Service Accomplishments

Program 1

TO PROVIDE GROUP INSURANCE BENEFITS FOR THE EMPLOYEES OF ITS PARTICIPATING MEMBERS.

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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 $25,774,928

Investment Income $6,408

Other Revenue $378,604

TOTAL REVENUE $26,159,940

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $25,873,726

TOTAL EXPENSES $25,873,726

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,159,940	$26,157,968	+0.0%
Expenses	$25,873,726	$26,643,214	0.0%
Net Income	$286,214	$-485,246	-1.6%

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
SANDRA CREYAUFMILLER	TRUSTEE	1.00	Director	$0	$0	$0
GREGORY L NELSON	TRUSTEE	1.00	Director	$0	$0	$0
RAY D COLADO	TRUSTEE	1.00	Director	$0	$0	$0
PAMELA P RICCO	TRUSTEE	1.00	Director	$0	$0	$0
LLYOD DEVAUX	TRUSTEE	1.00	Director	$0	$0	$0
PAMELA GASS	TRUSTEE	1.00	Director	$0	$0	$0
ADELLA SALINAS	CEO	40.00	Officer	$0	$0	$0
JESSICA MARTINEZ	CONTROLLER-PARTIAL YEAR	40.00	Officer	$0	$0	$0
JULIUS WALKER	CONTROLLER-PARTIAL YEAR	40.00	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
2024	$26,159,940	$25,873,726	$1,504,871	$286,214
2023	$26,157,968	$26,643,214	$2,065,429	$-485,246
2022	$24,498,014	$26,094,296	$5,275,406	$-1,596,282
2021	$23,852,743	$25,076,638	$5,126,367	$-1,223,895
2020	$22,231,803	$24,766,452	$4,220,700	$-2,534,649
2019	$26,193,556	$26,274,186	$7,128,517	$-80,630
2018	$27,195,635	$26,738,181	$6,903,060	$457,454

FLORIDA BANKERS HEALTH CONSORTIUM INC