Florida Craft Spirits Association Inc

Nonprofit profile at a glance

EIN
830946705
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024
Location
Tampa, FL, USA
Phone
8137891556
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Chambers of Commerce & Business Leagues

Reported finances

Revenue
$56,649
Expenses
$55,675
Assets
$15,638

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

Leadership & pay

4 people listed

Executive titles in this filing

  • DAVID COHEN (PRESIDENT)

People named in this filing

  • DAVID COHEN (PRESIDENT)
  • MATTHEW ARMSTRONG (VICE PRESIDE)
  • WILL HENSLER (SECRETARY)

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

Expanding the economic impact of craft distillation

What it reported doing in 2024

Spirit trail festival - to better promote the craft spirit industry we invited the general public to attend this event at no charge. This actiivty is intended to increase public awareness of the craft spirits industry and demand for the spirits our members produce.

Operating model

Revenue model
Membership-supported. 99% of the money available for current operations came from membership dues.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 82
  • Sustainability: 29
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78.8%; rating input score 79
  • Program expense ratio: 80%; rating input score 80

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 1.7%; rating input score 49; 49th percentile among comparable filings
  • Total-asset coverage ratio: 0.28; rating input score 20; 20th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 43.1%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: -23.5% per year; rating input score 0; 16th percentile among comparable filings
  • Revenue growth: -11.3% per year; rating input score 0; 22nd percentile among comparable filings
  • Asset growth: 34.1% per year; rating input score 100; 92nd percentile among comparable filings

Details

  • Where the money goes: 78.8% of revenue deployed · 80% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $45K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 49/100.
  • High — Sustainability: Total-asset coverage ratio scored 20/100.
  • High — Sustainability: Officer compensation ratio scored 4/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.