FRINGE THEATER OF KEY WEST INC (EIN 264804645) - Form 990 Financial Analysis & Trantor Score

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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

2009

Legal Domicile

Principal Officer

JIM ARGOUDELIS

Phone

3052967461

Tax Period

2024-10-01 to 2025-09-30

FRINGE THEATER OF KEY WEST INC, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $484K in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $413K left a modest 15% surplus.

Mission

TO PRODUCE AND PROMOTE ORIGINAL & ESTABLISHED PLAYS AT DIFFERENT VENUES IN THE FLORIDA KEYS

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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 (2024)

Revenue Breakdown

Contributions & Grants $264,866

Program Service Revenue $174,721

Investment Income $9,277

Other Revenue $34,816

TOTAL REVENUE $483,680

Expense Breakdown

Grants Paid $0

Salaries & Benefits $122,019

Fundraising Expenses $0

Program Expenses $366,602

Other Expenses $290,614

TOTAL EXPENSES $412,633

Year-over-Year Comparison

	2024	2023	Change
Revenue	$483,680	$353,930	+0.4%
Expenses	$412,633	$351,962	+0.2%
Net Income	$71,047	$1,968	+35.1%

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

Volunteers

N/A

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
JANET BENGEL	Secretary	5.00	Director	$0	$0	$0
GLENDA DONOVAN	Director	5.00	Director	$0	$0	$0
WAYNE LARUE SMITH	Director	0.00	Director	$0	$0	$0
SUE LYNCH	Treasurer	5.00	Director	$0	$0	$0
JOHN WHITE	Director	5.00	Director	$0	$0	$0
JIM ARGOUDELIS	President	5.00	Director	$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
2025	$483,680	$412,633	$324,334	$71,047
2024	$353,930	$351,962	$250,044	$1,968
2023	$293,005	$321,602	$251,664	$-28,597
2022	$275,338	$249,729	$235,122	$25,609
2021	$208,815	$161,310	$210,561	$47,505
2020	$167,956	$168,753	$180,567	$-797
2019	$197,469	$192,825	$164,857	$4,644
2018	$197,341	$169,857	$162,303	$27,484

FRINGE THEATER OF KEY WEST INC