The challenges for Florida Democrats are clear. The party has suffered disastrous electoral losses in recent years at both the state and federal levels and now finds itself in a dire financial situation. A year-end report filed on Sunday with the Federal Election Commission showed the Florida Democrats’ federal entity with less than $61,000 in the bank and more than $868,000 in debt. ADVERTISEMENT Underscoring the party’s financial pitfall was the revelation this week that it had allowed its employees’ health insurance to lapse at the end of November, leaving staffers unknowingly without coverage. The party’s new chairman, Manny Diaz, who was elected to his post just a month ago, said last week that the party’s insurance policy has been reinstated and that claims filed during the lapse in coverage will be paid.