Florida Woodturning Symposium Inc … - Form 990 Financial Data

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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

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

Provide an educational venue to the public teaching woodturning art

Program Service Accomplishments

Program 1

Expenses: $-27,480

Due to COVID 19 the 2022 symposium had to be cancelled. Therefore the revenue collected from registered attendees had to be refunded

Program 2

Expenses: $1,200

A grant to attend woodturning training was made in the amount of $1200 which covered a prior commitment

Program 3

Due to the prior stated cancellation of FWS 2022 due to COVID 19 no distributions could be made to member woodturning clubs

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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%)

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

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

Florida Woodturning Symposium Inc FWS