South Fl Friends of Classical Music

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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

Adolfo Vidal

Phone

3053288521

Tax Period

2024-01-01 to 2024-12-31

South Fl Friends of Classical Music, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $151K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

Enrich the multi-ethnic community of South Florida by providing free and low-cost significant musical performances, master classes, residencies, workshops, and lectures for all audiences and performers.

Program Service Accomplishments

Program 1

Expenses: $85,855 Revenue: $10,605

arranging free musicianship and master classes for students and by providing free and varied event tickets to students at local high schools and colleges.

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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 $140,292

Program Service Revenue $10,605

Investment Income $0

Other Revenue $0

TOTAL REVENUE $150,897

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,395

Fundraising Expenses $0

Program Expenses $85,855

Other Expenses $135,785

TOTAL EXPENSES $147,180

Year-over-Year Comparison

	2024	2023	Change
Revenue	$150,897	$131,973	+0.1%
Expenses	$147,180	$131,873	+0.1%
Net Income	$3,717	$100	+36.2%

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

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
Maria A Bucco	Director	0.00	Director	$0	$0	$0
Celina Romero	Director	0.00	Director	$0	$0	$0
Federico Bonacossa	Director	0.00	Director	$0	$0	$0
Adolfo Vidal	President	35.00	Officer	$0	$0	$0
Raquel Castaneda	Executive Secretary	0.00	Officer	$0	$0	$0
Olga Nefodova	Vice President	0.00	Officer	$0	$0	$0
Noel Safont	Assistant Treasurer	0.00	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
2024	$150,897	$147,180	$18,000	$3,717
2023	$131,973	$131,873	$16,489	$100
2022	$120,558	$184,230	$16,489	$-63,672
2021	$178,452	$183,704	$81,000	$-5,252
2020	$126,348	$122,581	$66,865	$3,767