Florida Limousine Assocation Inc
Nonprofit profile at a glance
- EIN
- 650063412
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024, Form 990-EZ 2017, Form 990-N 2022
- Location
- Boca Raton, FL, USA
- Phone
- 5617029319
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Business and Industry
Reported finances
- Revenue
- $251,655
- Expenses
- $230,307
- Assets
- $34,021
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- RICK VERSACE (PRESIDENT)
People named in this filing
- LARRY GREENE (TREASURER)
- LARRY JANOWITZ (SECRETARY)
- TIM ROSE (1ST VICE PRE)
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
The purpose of the Florida limousine assocation is to assist in the creation and continued development of a vibrant ground transportation industry in the state of Florida. This organization is mainly an educational forum bringing information to members paying dues to help run their organizations legally and effectively. Our industry is plagued by individuals (gypsy operations) who fail to provide "for hire" insurance on their vehicles and who fail to register their vehicles and drivers with the appropriate local jurisictions. These operations give our industry a bad name and endanger the safety of the riding public. The goal of the f.l.a is to have member companies in every county in the state of Florida. These local operations arrange meetings and discussions with the local officials in conjunction with the f.l.a. To help educate these local officials about the dangers these unregulated operations pose to the citizenry of our state. The f.l.a. Distributes a monthly online newsletter w
What it reported doing in 2024
Organization held seminars to provide educational information for members related to best practices of industry and regulation updates.
Operating model
- Revenue model
- Earned-program. 95% of the money available for current operations came from fees and other program 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
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 51
- Transparency & Controls: 90
- Accountability: 64
- Sustainability: 47
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 56.1%; rating input score 56
- Program expense ratio: 61.2%; rating input score 61
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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: 1 of 7 controls in place; rating input score 14
- 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: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 8.5%; rating input score 57; 57th percentile among comparable filings
- Total-asset coverage ratio: 0.15; rating input score 9; 9th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 39.7% per year; rating input score 100; 93rd percentile among comparable filings
- Revenue growth: 13.5% per year; rating input score 100; 80th percentile among comparable filings
- Asset growth: 17.2% per year; rating input score 100; 81st percentile among comparable filings
Details
- Where the money goes: 56.1% of revenue deployed · 61.2% of spending went to programs
- Governance: 18 of 18 board members independent · 1 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $141K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 15 of 15 current checks pass
- Schedules: 1 filed schedules
- Filing history: 2 filing years from 2023 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Review — Financial Efficiency: Mission deployment rate scored 56/100.
- High — Accountability: Governance controls: 5 of 6 not reported.
- High — Sustainability: Total-asset coverage ratio scored 9/100.
- Review — Sustainability: Operating margin scored 57/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.