Florida Cruise Association Inc Dba Florida-caribbean Cruise Association Inc
Nonprofit profile at a glance
- EIN
- 650378064
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Miramar, FL, USA
- Phone
- 9544418881
- Rating
- 53
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $6,181,629
- Expenses
- $5,821,827
- Assets
- $4,240,184
- Liabilities
- $1,279,474
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- MICHELE PAIGE (CEO)
Highest reported compensation
- MICHELE PAIGE (CEO): $1,219,199 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Florida-caribbean cruise association (fcca) is a not-for-profit trade organization composed of 19 member lines operating more than 100 vessels in floridian, caribbean and latin american waters. Created in 1993, the fcca's mandate is to provide a forum for discussion on cruise operations, tourism development, ports, tour operation, safety, security and other cruise industry issues. By fostering an understanding of the cruise industry and its operating practices, the fcca seeks to build cooperative relationships with its partner destinations and to develop productive bilateral partnerships with every sector. The fcca works with governments, ports and all private/public sector representatives to maximize cruise passenger, cruise line and cruise line employee spending, as well as enhance the destination experience and the amount of cruise passengers returning as stay-over visitors.
What it reported doing in 2024
Cruise conference convention - promotes the association's goals of improving cruise safety, builds cooperative relationships between the cruise lines and the port of call countries and improves the lives of the caribbean region and it's countries
Operating model
- Revenue model
- Other-operating. 94% of the money available for current operations came from other operating revenue.
- 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
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 43
- Transparency & Controls: 60
- Accountability: 53
- Sustainability: 38
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 48.1%; rating input score 48
- Program expense ratio: 50%; rating input score 50
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 83.3%; rating input score 83; 16th percentile among comparable filings
- Governance controls: 1 of 8 controls in place; rating input score 12
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 5.8%; rating input score 53; 53rd percentile among comparable filings
- Total-asset coverage ratio: 0.73; rating input score 27; 27th percentile among comparable filings
- Liabilities to assets ratio: 0.3; rating input score 34; 34th percentile among comparable filings
- Officer compensation ratio: 20.9%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: 1.7% per year; rating input score 100; 21st percentile among comparable filings
- Revenue growth: 1.8% per year; rating input score 100; 19th percentile among comparable filings
- Asset growth: 5.8% per year; rating input score 100; 39th percentile among comparable filings
Details
- Where the money goes: 48.1% of revenue deployed · 50% of spending went to programs
- Governance: 5 of 6 board members independent · 1 of 8 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $1.2M · 6 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $552K reported
- Consistency: 25 of 25 current checks pass
- Schedules: 3 filed schedules · includes executive pay
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 48/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Financial Efficiency: Program expense ratio scored 50/100.
- High — Accountability: Governance controls: 6 of 7 not reported.
- Review — Sustainability: Operating margin scored 53/100.
- High — Sustainability: Total-asset coverage ratio scored 27/100.
- High — Sustainability: Officer compensation ratio scored 11/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 34/100.