MAX PLANCK FLORIDA FOUNDATION INC

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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

2010

Legal Domicile

Phone

5619729000

Tax Period

2018-01-01 to 2018-11-20

MAX PLANCK FLORIDA FOUNDATION INC, founded in 2010, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2018. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.9M, a strong 92% operating margin.

Mission

THE MAX PLANCK FLORIDA FOUNDATION, INC (MPFF) WAS ESTABLISHED TO SECURE PRIVATE PHILANTHROPIC SUPPORT FROM INDIVIDUALS, CORPORATIONS, AND FOUNDATIONS ACROSS THE UNITED STATES AND INTERNATIONALLY IN SUPPORT OF THE SCIENTIFIC MISSION, OBJECTIVES, AND PROGRAMS OF THE MAX PLANCK FLORIDA INSTITUTE FOR NEUROSCIENCE, A NOT-FOR-PROFIT RESEARCH ORGANIZATION DEDICATED TO ANSWERING FUNDAMENTAL QUESTIONS ABOUT BRAIN DEVELOPMENT AND FUNCTION AND DEVELOPING NEW TECHNOLOGIES ENABLING GROUNDBREAKING DISCOVERIES. MPFF RAISES FUNDS TO ADVANCE NEUROSCIENCE RESEARCH, BRING CUTTING-EDGE TECHNOLOGIES TO THE INSTITUTE, AND TRAIN THE NEXT GENERATION OF THE BEST AND BRIGHTEST GRADUATE AND POST-GRADUATE SCIENTIFIC INVESTIGATORS. In November 2018, MPFF merged its operations and assets into Max Planck Florida Corporation, a related tax-exempt organization and the sole member of MPFF. At that time, MPFF's existence as a separate legal entity ceased.

Program Service Accomplishments

Program 1

EXPENDITURES IN SUPPORT OF PROGRAM SERVICES WERE USED TO PROVIDE FUNDING IN RESEARCH TRAINING FELLOWSHIPS, DIRECT RESEARCH IN NEUROSCIENCE, PRESENT A LECTURE SERIES TO THE PALM BEACH COUNTY RESIDENTS AND VISITORS ADVANCING THE ROLE OF MAX PLANCK RESEARCH IN BRAIN FUNCTION AND OTHER SCIENTIFIC DISCIPLINES THROUGHOUT THE WORLDWIDE MAX PLANCK ORGANIZATIONS, HOST SCIENTIFIC SYMPOSIA MEETINGS BRINGING WORLD RENOWNED SCIENTISTS TO SHARE AND COLLABORATE DISCOVERIES, AND RECURRING FUND RAISING ACTIVITIES AND EVENTS. THE FOUNDATION MAY ALSO ENGAGE IN ACTIVITIES TO SECURE FUNDS FROM GOVERNMENTAL SOURCES FOR THE BENEFIT OF THE INSTITUTE. FUNDS RECOGNIZED BY THE FOUNDATION FROM THESE ACTIVITIES WERE $1,639,101 AND $889,101 FOR THE YEARS ENDED DECEMBER 31, 2018 AND 2017, RESPECTIVELY. In November 2018, MPFF merged its operations and assets into Max Planck Florida Corporation, a related tax-exempt organization and the sole member of MPFF. At that time, MPFF ceased to exist as a separate legal entity.

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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 (2018)

Revenue Breakdown

Contributions & Grants $1,880,841

Program Service Revenue $0

Investment Income $149,729

Other Revenue $0

TOTAL REVENUE $2,030,570

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $138,195

Program Expenses $0

Other Expenses $160,320

TOTAL EXPENSES $160,320

Year-over-Year Comparison

	2018	2017	Change
Revenue	$2,030,570	$1,756,365	+0.2%
Expenses	$160,320	$953,811	-0.8%
Net Income	$1,870,250	$802,554	+1.3%

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

N/A

Independent Members

N/A

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

$418,950

Total Directors

$444,729

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Chairman	1.0	Officer Director	$0	$0	$0
N/A	Secretary	1.0	Officer Director	$0	$0	$0
N/A	Treasurer	1.0	Officer Director	$0	$0	$0
N/A	DIRECTOR/CEO of MAX PLANCK FLORIDA CORPORATION	1.0	Director	$0	$40,009	$444,729
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	TRUSTEE (through Jan 2018)	1.0	Director	$0	$0	$0
N/A	President	28.0	Officer	$0	$30,866	$239,617
N/A	VP FINANCE	1.0	Officer	$0	$38,436	$179,333

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
2018	$2,030,570	$160,320	No data	$1,870,250