Florida Woodturning Symposium Inc FWS

EIN: 113650246 501(c)(3) Arts, Culture & Humanities

Beverly Hills, FL

Total Revenue
$39,134
Total Expenses
$47,610
Total Assets
$72,805
Net Assets
$31,358
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
FL
Principal Officer
DENNIS J KING
Phone
3522709186
Tax Period
2022-01-01 to 2022-12-31

Florida Woodturning Symposium Inc FWS, founded in 2011, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $39K in total revenue in fiscal year 2022. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $48K exceeded revenue, resulting in a 22% operating deficit.

Mission

Woodturning Education

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,140
Program Service Revenue $34,781
Investment Income $0
Other Revenue $3,213
TOTAL REVENUE $39,134

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $-26,280
Other Expenses $47,610
TOTAL EXPENSES $47,610

Year-over-Year Comparison

2022 2021 Change
Revenue $39,134 $28,127 +0.4%
Expenses $47,610 $13,354 +2.6%
Net Income $-8,476 $14,773 -1.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
18
Independent Members
18
Employees
N/A
Volunteers
18

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK WOOD Chairman 2.000
Officer
$0 $0 $0
DENNIS J KING Treasurer 5.000
Officer
$0 $0 $0
KIMBERLY A GLOVER Secretary 2.000
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2022 $39,134 $47,610 $72,805 $-8,476
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