Florida Automotive Dealers Charitable Fo

Nonprofit profile at a glance

EIN
201636810
IRS 990-EZ coverage
2018–2024
Forms available
Form 990 2022, Form 990-EZ 2024, Form 990-N 2021
Location
Tallahassee, FL, USA
Phone
8502241466
Rating
43
Verdict
MIXED
Rating confidence
Moderate
Sector
Emergency Assistance

Official website

Reported finances

Revenue
$87,000
Expenses
$64,242
Assets
$40,487
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • TED SMITH (PRESIDENT)

People named in this filing

  • TED SMITH (PRESIDENT)
  • RANDY HOFFMAN (TREASURER)
  • GREG SOULLIERE (IMMEDIATE PAST CHAIR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Assisting Florida's new car dealer employees who are affected by a disaster; support charitable organizations and provide assistance to other 501(c)3 organizations on behalf of Florida auto dealers.

What it reported doing in 2024

The purpose of the foundation shall be to carry on chaitable activities as defined for the purposes of section 501(c)(3) of the internal revenue code, or the corresponding section of any future federal tax code, and shall include but not be limited to:1) assisting dealerships and employees who are affected by a disaster (i.e. Hurricane, flooding, tornado, fire, etc.).2) contribution to charitable organizations that are assisting dealerships and employees (i.e. Habitat for humanity, red cross, etc.)3) provide financial assistance to other 501(c) organizations on behalf of automobile dealers throughout Florida. These contributions will be closely aligned with the mission statement of fada, inc. There are no administrative charges of any kind.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 92
  • Sustainability: 62
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 90%; rating input score 90; 2nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 26.2%; rating input score 79; 79th percentile among comparable filings
  • Total-asset coverage ratio: 0.63; rating input score 35; 35th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -49.7% per year; rating input score 0; 8th percentile among comparable filings
  • Revenue growth: 2.2% per year; rating input score 100; 61st percentile among comparable filings
  • Asset growth: 7.5% per year; rating input score 100; 66th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 8 of 9 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 4 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.