Florida Association Of Public Insurance Adjusters Inc
EIN: 593256640 · Miami, FL · NTEE: Y03
Is Florida Association Of Public Insurance Adjusters Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Florida Association Of Public Insurance Adjusters Inc
Florida Association Of Public Insurance Adjusters Inc (EIN: 593256640) is a nonprofit organization based in Miami, FL, classified under NTEE code Y03. The organization reported total revenue of $1.1M and total assets of $889K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Florida Association Of Public Insurance Adjusters Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Florida Association Of Public Insurance Adjusters Inc is a mid-size nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2021–2022). Revenue has grown at a compound annual rate of -2.8%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $796K |
| Surplus / Deficit | +$307K |
| Total Assets | $1.6M |
| Total Liabilities | $3K |
| Net Assets | $1.6M |
| Operating Margin | 27.8% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 23.5 months |
Financial Health Grade: A
In 2022, Florida Association Of Public Insurance Adjusters Inc reported a surplus of $307K with revenue exceeding expenses, holds 23.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 2 years of filings (2021–2022), Florida Association Of Public Insurance Adjusters Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -2.8% | -23.5% | +22.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Florida Association Of Public Insurance Adjusters Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Florida Association Of Public Insurance Adjusters Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $307K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Frequently Asked Questions about Florida Association Of Public Insurance Adjusters Inc
Is Florida Association Of Public Insurance Adjusters Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Florida Association Of Public Insurance Adjusters Inc (EIN: 593256640) insufficient data. 0 red flags identified, 0 strengths noted.
How does Florida Association Of Public Insurance Adjusters Inc spend its money?
Detailed spending breakdown data is not yet available for Florida Association Of Public Insurance Adjusters Inc. Check back for updated IRS 990 analysis.
Are donations to Florida Association Of Public Insurance Adjusters Inc tax-deductible?
Florida Association Of Public Insurance Adjusters Inc is registered as a tax-exempt nonprofit (EIN: 593256640). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Florida Association Of Public Insurance Adjusters Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2021–2022), Florida Association Of Public Insurance Adjusters Inc's revenue has declined by 2.8%, moving from $1.1M to $1.1M. Total assets increased by 22% over the same period, from $1.3M to $1.6M. Total functional expenses fell by 23.5%, from $1.0M to $796K. In its most recent filing year (2022), Florida Association Of Public Insurance Adjusters Inc reported a surplus of $307K, with revenue exceeding expenses. The organization holds $3K in liabilities against $1.6M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $1.1M | $796K | $1.6M | $3K | — | — |
| 2021 | $1.1M | $1.0M | $1.3M | $29K | — | View 990 |
Data Sources and Methodology
This transparency report for Florida Association Of Public Insurance Adjusters Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.