FLORIDA PETROLEUM MARKETERS ASSOCIATION INC (EIN 823438520) - 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

2017

Legal Domicile

Principal Officer

EDWARD BOWMAN JR

Phone

8508785178

Tax Period

2023-01-01 to 2023-12-31

FLORIDA PETROLEUM MARKETERS ASSOCIATION INC, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.3M left a modest 9% surplus.

Mission

THE MISSION OF THE FLORIDA PETROLEUM MARKETERS ASSOCIATION IS TO PROTECT THE INDUSTRY AND ADVOCATE ON ITS BEHALF. WE STRIVE TO PROMOTE A GROWTH ORIENTED BUSINESS COMMUNITY IN THE STATE OF FLORIDA AND WORK TO ENSURE THAT EVERY ONE OF OUR MEMBERS REAPS THE BENEFITS OF A FAIRLY REGULATED AND BUSINESS FRIENDLY ENVIRONMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $553,701

Program Service Revenue $804,118

Investment Income $25,367

Other Revenue $32,855

TOTAL REVENUE $1,416,041

Expense Breakdown

Grants Paid $47,208

Salaries & Benefits $505,952

Fundraising Expenses $0

Other Expenses $730,462

TOTAL EXPENSES $1,283,622

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,416,041	$1,250,808	+0.1%
Expenses	$1,283,622	$1,170,127	+0.1%
Net Income	$132,419	$80,681	+0.6%

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

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

$265,771

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH J WARING	DIRECTOR	5.00	Director	$0	$0	$0
EVA RIGAMONTI	DIRECTOR	5.00	Director	$0	$0	$0
BILLY MCKNIGHT	DIRECTOR	5.00	Director	$0	$0	$0
STONEY SMITH	IMMEDIATE PAST CHAIR	5.00	Officer	$0	$0	$0
DENNIS COMBS	SECRETARY/TREASURER	5.00	Officer	$0	$0	$0
CARLOS ARRUZA JR	CHAIRMAN	5.00	Officer	$0	$0	$0
EDWARD BOWMAN JR	EXECUTIVE DIRECTOR	50.00	Officer	$250,579	$15,192	$265,771
LUIS LAGO	CHAIR ELECT	5.00	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	No data	No data	No data	No data
2023	$1,416,041	$1,283,622	$1,671,540	$132,419
2022	$1,250,808	$1,170,127	$1,465,381	$80,681
2021	$1,186,480	$1,067,470	$1,449,486	$119,010
2019	$1,082,868	$917,532	$1,323,509	$165,336
2018	$1,047,036	$806,880	$1,046,447	$240,156
2017	$5,000	$15,269	$928,400	$-10,269

FLORIDA PETROLEUM MARKETERS ASSOCIATION INC