FLORIDIANS AGAINST INCREASED RATES INC (EIN 862677783) - 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

2021

Legal Domicile

Principal Officer

MICHAEL HIGHTOWER

Phone

8132543369

Tax Period

2023-01-01 to 2023-12-31

FLORIDIANS AGAINST INCREASED RATES INC, founded in 2021, is a micro nonprofit that reported $51K in total revenue in fiscal year 2023. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $58K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO ADVOCATE FOR AND PROVIDE ANALYSES TO THE GENERAL PUBLIC CONCERNING STATE OF FLORIDA GOVERNMENTAL POLICIES AND REGULATORY OR ADMINISTRATIVE ACTIONS THAT WILL LEAD TO RETAIL ELECTRIC RATES THAT ARE AS LOW AS POSSIBLE WHILE ENSURING SAFE AND RELIABLE ELECTRIC SERVICE.

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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 $51,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $51,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $49,095

Other Expenses $58,486

TOTAL EXPENSES $58,486

Year-over-Year Comparison

	2023	2022	Change
Revenue	$51,000	$210,000	-0.8%
Expenses	$58,486	$256,963	-0.8%
Net Income	$-7,486	$-46,963	-0.8%

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

$24,000

Total Directors

$36,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL HIGHTOWER	PRESIDENT	10.00	Officer Director	$0	$0	$12,000
JOHN THOMAS HERNDON	SECRETARY	10.00	Officer Director	$0	$0	$12,000
NANCY H WATKINS	TREASURER	5.00	Officer Director	$0	$0	$0
FREDERICK BRYANT	DIRECTOR	10.00	Director	$0	$0	$12,000

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
2023	$51,000	$58,486	$3,200	$-7,486
2022	$210,000	$256,963	$10,686	$-46,963
2021	$650,000	$592,351	$57,649	$57,649

FLORIDIANS AGAINST INCREASED RATES INC