Florida Truckers Institute
Legal name: Florida Truckers Institutes Inc
Nonprofit profile at a glance
- EIN
- 880724755
- IRS 990 coverage
- 2022–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- New Port Richey, FL, US
- Phone
- (727) 683-6572
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Vocational, Technical Schools
Reported finances
- Revenue
- $817,856
- Expenses
- $849,051
- Assets
- $51,096
- Liabilities
- $38,260
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- EDWARD TORDESILLAS (PRESIDENT)
Highest reported compensation
- EDWARD TORDESILLAS (PRESIDENT): $129,950 total reported compensation
- CLAIR DIAZ (SECRETARY): $88,885 total reported compensation
- ALICIA BERRIOS (TREASURER): $20,200 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To serve as an educational institution to help develop a pipeline of new talent for workforce shortages in the trucking industry, with a target population of veterans and workers dislocated due to the COVID-19 pandemic.
What it reported doing in 2024
Cdl training
Operating model
- Revenue model
- Earned-program. 98% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 90
- Accountability: 43
- Sustainability: 15
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 99.2%; rating input score 99
- 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: 33.3%; rating input score 33; 10th percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -3.8%; rating input score 26; 26th percentile among comparable filings
- Total-asset coverage ratio: 0.06; rating input score 3; 3rd percentile among comparable filings
- Liabilities to assets ratio: 0.75; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 28.2%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: 96.2% per year; rating input score 100; 99th percentile among comparable filings
- Revenue growth: 55.4% per year; rating input score 100; 97th percentile among comparable filings
- Asset growth: -65% per year; rating input score 0; 0th percentile among comparable filings
Details
- What they do: 4 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 100% of revenue deployed · 99.2% of spending went to programs
- Governance: 1 of 3 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $843K in reported program spending
- Leadership: top reported pay $130K · 3 people listed
- Consistency: 26 of 26 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 3 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.
- Moderate — Accountability: Independent voting board scored 33/100.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- High — Sustainability: Operating margin scored 26/100.
- High — Sustainability: Total-asset coverage ratio scored 3/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 8/100.
- High — Sustainability: Liabilities to assets ratio scored 10/100.