Civic Intelligence

Florida Educational Risk Management Association Inc.

990 • Fiscal year 2023 • EIN 26-0177250

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 17, 2024

4500 NW 27th Ave Ste B2Gainesville, FL 32606

(352) 514-8499

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

69th percentile

16%

Higher net margin than 69% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

79th percentile

30%

Faster asset growth than 79% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

61st percentile

15%

Faster revenue growth than 61% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$163,762

Up $37,764 (+30%) from 2022

Net Assets

Up

$163,762

Up $37,764 (+30%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Up

$243,335

Up $31,859 (+15%) from 2022

Expenses

Up

$205,571

Up $3,822 (+1.9%) from 2022

Net Income

Up

$37,764

Up $28,037 (+288%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200K$150K$100K$50K$0Assets 2015: $121,470Net Assets 2015: $121,4702015Assets 2016: $127,159Net Assets 2016: $127,1592016Assets 2017: $128,888Net Assets 2017: $128,8882017Assets 2018: $123,778Net Assets 2018: $123,7782018Assets 2020: $171,021Liabilities 2020: $0Net Assets 2020: $171,0212020Assets 2021: $116,271Liabilities 2021: $0Net Assets 2021: $116,2712021Assets 2022: $125,998Liabilities 2022: $0Net Assets 2022: $125,9982022Assets 2023: $163,762Liabilities 2023: $0Net Assets 2023: $163,7622023

Highlighted filing

2023

Assets$163,762
Liabilities$0
Net Assets$163,762

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2015: $126,241Expenses 2015: $119,733Net Income 2015: $6,5082015Revenue 2016: $132,623Expenses 2016: $126,934Net Income 2016: $5,6892016Revenue 2017: $136,878Expenses 2017: $135,525Net Income 2017: $1,3532017Revenue 2018: $135,954Expenses 2018: $141,064Net Income 2018: -$5,1102018Revenue 2020: $66,808Expenses 2020: $4,562Net Income 2020: $62,2462020Revenue 2021: $122,096Expenses 2021: $176,846Net Income 2021: -$54,7502021Revenue 2022: $211,476Expenses 2022: $201,749Net Income 2022: $9,7272022Revenue 2023: $243,335Expenses 2023: $205,571Net Income 2023: $37,7642023

Highlighted filing

2023

Revenue$243,335
Expenses$205,571
Net Income$37,764
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 17, 2024
Return Version
2023v5.0
Gross Receipts
$243,335
Mission and Program Overview

Mission

Promote discipline of risk management

To promote the discipline of risk management in florida educational institutes and to enhance the image of the professional educational risk manager.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$125,998$163,762▲ $37,764
Savings and Temporary Cash Investments$96,381$96,420▲ $39
Cash and Non-Interest-Bearing Accounts$29,617$67,342▲ $37,725
Total Assets$125,998$163,762▲ $37,764
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$125,998$163,762▲ $37,764
Total Liabilities and Net Assets / Fund Balance$125,998$163,762▲ $37,764
Compensation and Service Providers

Board Members and Trustees

NameTitle
Robert HartleyPresident
Selina OhlsonBoard Execut
Kalee WadeBoard Member
Mickey HudsonBoard Member
Tracy SchatzbergBoard Member
John RadcliffeHistorian
Lynn PetersonPast Preside
Robert StrattonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$243,296
Program Service Revenue
$0
Investment Income
$39
Other Revenue
$0
All Other Contributions
$243,296
Change in Net Assets
$37,764
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$195,571
Grants and Similar Amounts Paid$10,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$192,994--$192,994
Grants to Domestic Individuals$10,000--$10,000
Fees for Services Management-$2,500-$2,500
Other Expenses-$61-$61
Office Expenses-$16-$16
Total Functional Expenses$202,994$2,577$0$205,571
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Ferma educational memberships are available to individuals employed in florida public school systems, community/junior colleges, and universities including risk management consortia personnel who manage the risk management function or any part thereof. Associate memberships are available to individuals employed in florida public school systems, community/junior colleges, and universities including risk management consortia personnel who serve in a staff capacity to an educational member. Corporate memberships may be granted to licensed brokers, agents, sales representatives and others not eligible for educational or associate membership. Corporate members may not vote or hold office.

Form 990, Page 6, Part VI, Line 7A

Prior to annual summer meeting the president shall appoint a nominating committee consisting of at least three, but not more than five, persons from the educational membership to prepare a slate of officers and directors. All officers and directors must have agreed to have their name placed in nomination and service if elected. All officers and directors shall be elected at the annual summer meeting. Nominations from the floor will be received with prior consent of the person being nominated. Should any vacancy occur among officers and directors, the president shall appoint a qualified member to complete the remainder of the term.

Form 990, Page 6, Part VI, Line 7B

Amendments or revisions to the bylaws must be proposed to the president prior to a meeting of the board of directors. The president shall refer within thirty days prior to the next meeting such changes to the voting members for their consideration and approval or rejection at their next association meeting. The board of directors shall recommend acceptance or rejection of the proposed changes to the membership. Such amendments or revisions shall be determined by the majority of the educational members present. Changes go into effect immediately upon adoption. A majority of the educational members present at an annual or special meeting constitutes a quorum for the transaction of business.

Form 990, Page 6, Part VI, Line 11B

Form 990 is emailed to the executive secretary prior to the filing date. She distributes the form to the board for review.

Form 990, Page 6, Part VI, Line 19

The general public may contact any member of the board of directors, or the executive secretary to obtain a copy of the 990.

Filing and Contact Details

Filer

Filer Name
Florida Educational Risk Management
EIN
26-0177250
Phone
3525148499
Address
4500 NW 27TH AVE STE B2, GAINESVILLE, FL 32606

Signing Officer

Name
Selina Ohlson
Title
Board Executive Secr
Phone
3525148499
Signed
2024-10-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Hartley
Formed
2010
Legal Domicile
Fl
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Federal Accountants & Tax Consltnts Inc
Address
3706 NW 43RD STREET, GAINESVILLE, FL 32606
Preparer
J Edward Black Ii Ea
Phone
3523785552
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FERMA EDUCATIONAL MEMBERSHIPS ARE AVAILABLE TO INDIVIDUALS EMPLOYED IN FLORIDA PUBLIC SCHOOL SYSTEMS, COMMUNITY/JUNIOR COLLEGES, AND UNIVERSITIES INCLUDING RISK MANAGEMENT CONSORTIA PERSONNEL WHO MANAGE THE RISK MANAGEMENT FUNCTION OR ANY PART THEREOF. ASSOCIATE MEMBERSHIPS ARE AVAILABLE TO INDIVIDUALS EMPLOYED IN FLORIDA PUBLIC SCHOOL SYSTEMS, COMMUNITY/JUNIOR COLLEGES, AND UNIVERSITIES INCLUDING RISK MANAGEMENT CONSORTIA PERSONNEL WHO SERVE IN A STAFF CAPACITY TO AN EDUCATIONAL MEMBER. CORPORATE MEMBERSHIPS MAY BE GRANTED TO LICENSED BROKERS, AGENTS, SALES REPRESENTATIVES AND OTHERS NOT ELIGIBLE FOR EDUCATIONAL OR ASSOCIATE MEMBERSHIP. CORPORATE MEMBERS MAY NOT VOTE OR HOLD OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PRIOR TO ANNUAL SUMMER MEETING THE PRESIDENT SHALL APPOINT A NOMINATING COMMITTEE CONSISTING OF AT LEAST THREE, BUT NOT MORE THAN FIVE, PERSONS FROM THE EDUCATIONAL MEMBERSHIP TO PREPARE A SLATE OF OFFICERS AND DIRECTORS. ALL OFFICERS AND DIRECTORS MUST HAVE AGREED TO HAVE THEIR NAME PLACED IN NOMINATION AND SERVICE IF ELECTED. ALL OFFICERS AND DIRECTORS SHALL BE ELECTED AT THE ANNUAL SUMMER MEETING. NOMINATIONS FROM THE FLOOR WILL BE RECEIVED WITH PRIOR CONSENT OF THE PERSON BEING NOMINATED. SHOULD ANY VACANCY OCCUR AMONG OFFICERS AND DIRECTORS, THE PRESIDENT SHALL APPOINT A QUALIFIED MEMBER TO COMPLETE THE REMAINDER OF THE TERM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AMENDMENTS OR REVISIONS TO THE BYLAWS MUST BE PROPOSED TO THE PRESIDENT PRIOR TO A MEETING OF THE BOARD OF DIRECTORS. THE PRESIDENT SHALL REFER WITHIN THIRTY DAYS PRIOR TO THE NEXT MEETING SUCH CHANGES TO THE VOTING MEMBERS FOR THEIR CONSIDERATION AND APPROVAL OR REJECTION AT THEIR NEXT ASSOCIATION MEETING. THE BOARD OF DIRECTORS SHALL RECOMMEND ACCEPTANCE OR REJECTION OF THE PROPOSED CHANGES TO THE MEMBERSHIP. SUCH AMENDMENTS OR REVISIONS SHALL BE DETERMINED BY THE MAJORITY OF THE EDUCATIONAL MEMBERS PRESENT. CHANGES GO INTO EFFECT IMMEDIATELY UPON ADOPTION. A MAJORITY OF THE EDUCATIONAL MEMBERS PRESENT AT AN ANNUAL OR SPECIAL MEETING CONSTITUTES A QUORUM FOR THE TRANSACTION OF BUSINESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS EMAILED TO THE EXECUTIVE SECRETARY PRIOR TO THE FILING DATE. SHE DISTRIBUTES THE FORM TO THE BOARD FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GENERAL PUBLIC MAY CONTACT ANY MEMBER OF THE BOARD OF DIRECTORS, OR THE EXECUTIVE SECRETARY TO OBTAIN A COPY OF THE 990.
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IRS990/USAddress/CityNm0PALATKA
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd032177
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0MY-FERMA.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SELINA OHLSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD EXECUTIVE SECR
ReturnHeader/BusinessOfficerGrp/PhoneNum03525148499
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FLORIDA EDUCATIONAL RISK MANAGEMENT
ReturnHeader/Filer/BusinessNameControlTxt0FLOR
ReturnHeader/Filer/EIN0260177250
ReturnHeader/Filer/PhoneNum03525148499
ReturnHeader/Filer/USAddress/AddressLine1Txt04500 NW 27TH AVE STE B2
ReturnHeader/Filer/USAddress/CityNm0GAINESVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd032606
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0591498365
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FEDERAL ACCOUNTANTS & TAX CONSLTNTS INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03706 NW 43RD STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GAINESVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032606
ReturnHeader/PreparerPersonGrp/PhoneNum03523785552
ReturnHeader/PreparerPersonGrp/PreparationDt02024-10-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0J EDWARD BLACK II EA
ReturnHeader/ReturnTs02024-10-18T12:13:41-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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