KEEPING THE BLUES ALIVE FOUNDATION

EIN: 275553072 501(c)(3) Arts, Culture & Humanities

DEERFIELD BEACH, FL

Total Revenue
$326,367
Total Expenses
$237,997
Total Assets
$192,351
Net Assets
$187,870
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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
ROY WEISMAN
Phone
9544284440
Tax Period
2023-01-01 to 2023-12-31

KEEPING THE BLUES ALIVE FOUNDATION, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $326K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $88K, a strong 27% operating margin.

Mission

Keeping the Blues Alive Foundation (KTBA) is dedicated to offsetting the loss of music education programming due to budget cuts across America. We strive to pass the torch on to the next generation by empowering them to manifest their talents within the arts community and using music as an outlet to exercise creativity in the entertainment workforce. As of Dec 2022, KTBA has supported over 585 schools and reached 89,000 students by providing new instruments, sheet music, supplies, and professional development tools for music teachers. KTBA supports music educators who give their students a positive and rewarding experience in the arts. As KTBA promotes the advancement of STEM to STEAM curricula in schools, KTBA acknowledges the inherent resistance from dated education administrations and diminishing arts and music programming budgets. Each quarter, KTBA assess its goals and measures allowing the staging the opportunity to improve and adjust its procedures accordingly. KTBA makes a week

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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 (2023)

Revenue Breakdown

Contributions & Grants $127,966
Program Service Revenue $0
Investment Income $1,381
Other Revenue $197,020
TOTAL REVENUE $326,367

Expense Breakdown

Grants Paid $102,450
Salaries & Benefits $41,958
Fundraising Expenses $25,061
Program Expenses $125,802
Other Expenses $93,589
TOTAL EXPENSES $237,997

Year-over-Year Comparison

2023 2022 Change
Revenue $326,367 $259,302 +0.3%
Expenses $237,997 $250,132 0.0%
Net Income $88,370 $9,170 +8.6%
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
7
Independent Members
6
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
3
$0
Total Directors
4
$41,958
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHAWN GONZALEZ President 35.00
Director
$41,958 $0 $41,958
IRA GOLDBERG BOARD MEMBER 1.00
Director
$0 $0 $0
DANIELLE FISHMAN BOARD MEMBER 1.00
Director
$0 $0 $0
RACHEL GIMBEL Executive Dir. 1.00
Director
$0 $0 $0
ROY WEISMAN CO-CHAIRMAN 1.00
Officer
$0 $0 $0
JOE BONAMASSA CO-CHAIRMAN 1.00
Officer
$0 $0 $0
BOBBY EKIZIAN BOARD MEMBER 1.00
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 No data No data No data No data
2023 $326,367 $237,997 $192,351 $88,370
2022 $259,302 $250,132 $114,072 $9,170
2021 $232,069 $233,729 $90,330 $-1,660
2020 $524,056 $582,285 $97,282 $-58,229
2019 $377,392 $326,906 $155,304 $50,486
2019 $380,962 $336,965 $160,719 $43,997
2018 $139,877 $132,929 $104,818 $6,948
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