Florida Government Finance Officers Association Inc

Nonprofit profile at a glance

EIN
592343053
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
Tallahassee, FL, USA
Phone
8502229684
Rating confidence
Limited
Sector
Chambers of Commerce & Business Leagues

Official website

Reported finances

Revenue
$1,397,520
Expenses
$1,470,967
Assets
$881,491
Liabilities
$748,809

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

Leadership & pay

11 people listed

Executive titles in this filing

  • ALTON L COLVIN JR CPA CGFO CPM (PRESIDENT)
  • NICOLE GASPARRI CGFO PHR (PRESIDENT - ELECT)
  • FRANK L DIPAOLO CPA CGMA (IMMEDIATE PAST PRESIDENT)

People named in this filing

  • SHARON ALMEIDA CGFO (DIRECTOR)
  • MELISSA BURNS CGFO (DIRECTOR)
  • NICOLE JOVANOVSKI CPA (DIRECTOR)

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

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

Overview

Mission

Fgfoa serves more than 2800 professionals from state, county and city governments, school districts, colleges and universities, special districts, and private firms by providing opportunities through education, networking, leadership and information.

What it reported doing in 2024

The school of governmental finance was held in st. Augustine this year. The school itself offered educational sessions that were broken into two segments - basic/intermediate sessions and intermediate/advanced sessions. A participant could register for either or both sessions. The basic/intermediate courses were tailored for all financial support staff and for the staff person just beginning a career in governmental finance. These participants were exposed to an in-depth study and analysis of basic governmental finance concepts and principles. The intermediate/advanced courses were tailored for seasoned finance professionals looking for current information on complex issues of the day.held in conjunction with the school, are the certified government finance officer (cgfo) review courses.the beginner boot camp was also held during the school. The beginner course is an intense hands-on workshop that will introduce the very basics of accounting and financial reporting for state and local governments.continuing professional education credit for cpas and cgfos was also available for attendees of the school or any of the educational events during the school.in addition to the variety of educational topics covered, the school provided several networking opportunities.a total of 258 registrants participated in the school.

Operating model

Revenue model
Other-operating. 78% of the money available for current operations came from other operating revenue.
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

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 90
  • Accountability: 82
  • Sustainability: 30
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -5.3%; rating input score 24; 24th percentile among comparable filings
  • Total-asset coverage ratio: 0.6; rating input score 28; 28th percentile among comparable filings
  • Liabilities to assets ratio: 0.85; rating input score 8; 8th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 20.1% per year; rating input score 100; 85th percentile among comparable filings
  • Asset growth: 4% per year; rating input score 100; 34th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 11 of 11 board members independent · 4 of 7 filing controls reported
  • Programs: 3 filed program accomplishments
  • Leadership: top reported pay $0 · 11 people listed
  • Highest-paid contractors: 1 contractor listed · $226K reported
  • Consistency: 11 of 11 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • 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.

  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • High — Sustainability: Operating margin scored 24/100.
  • High — Sustainability: Total-asset coverage ratio scored 28/100.
  • High — Sustainability: Liabilities to assets ratio scored 8/100.