KEY BISCAYNE COMMUNITY FOUNDATION INC (EIN 300239421) - 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

2004

Legal Domicile

Principal Officer

GARY GROSS

Phone

3053612770

Tax Period

2023-01-01 to 2023-12-31

KEY BISCAYNE COMMUNITY FOUNDATION INC, founded in 2004, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.9M in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Net assets of $12.2M represent 38 months of operating reserves.

Mission

THE KEY BISCAYNE COMMUNITY FOUNDATION ADDRESSES COMMUNITY NEEDS AND EFECTS POSITIVE CHANGE. BY CLOSELY MONITORING LOCAL ISSUES, OPPORTUNITIES AND RESOURCES, KBCF HAS AN IN-DEPTH UNDERSTANDING OF THE REGION CHALLENGES, AND THE ORGANIZATIONS ADDRESSING THEM. TOGETHER WITH OUR VOLUNTEERS, WE WORK TO ESTABLISH INITIATIVES FOR CHANGE ACROSS SUBJECT AREAS ESSENTIAL TO THE WELL-BEING OF EVERY COMMUNITY MEMBER.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,466,061

Program Service Revenue $985,993

Investment Income $353,716

Other Revenue $61,497

TOTAL REVENUE $3,867,267

Expense Breakdown

Grants Paid $1,199,917

Salaries & Benefits $754,717

Fundraising Expenses $131,040

Program Expenses $3,672,029

Other Expenses $2,203,291

TOTAL EXPENSES $4,157,925

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,867,267	$5,609,875	-0.3%
Expenses	$4,157,925	$4,067,415	+0.0%
Net Income	$-290,658	$1,542,460	-1.2%

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

Volunteers

1000

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

$140,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA MCCAUGHAN WHITE	EXECUTIVE DI	40.00	Officer	$140,000	$0	$140,000
JORGE MENDIA MD	DIRECTOR	2.00	Director	$0	$0	$0
GARY GROSS	CHAIR	2.00	Officer Director	$0	$0	$0
ANA GLORIA RIVAS-VAZQUEZ	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN SONNABEND	DIRECTOR	2.00	Director	$0	$0	$0
ANNE RICHARDS ROTHE	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD GOLDSTEIN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
BILL ROHRER	TREASURER	2.00	Officer Director	$0	$0	$0
CLAUDINE COTO	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHAEL C GRAUSAM	DIRECTOR	2.00	Director	$0	$0	$0
DANIELLE VIDAL	DIRECTOR	2.00	Director	$0	$0	$0
DANIEL CASTRO	DIRECTOR	2.00	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
2024	No data	No data	No data	No data
2023	$3,867,267	$4,157,925	$12,662,396	$-290,658
2022	$5,609,875	$4,067,415	$11,651,499	$1,542,460
2021	$4,625,050	$3,645,380	$11,632,536	$979,670
2020	$4,900,270	$4,147,764	$10,249,000	$752,506

KEY BISCAYNE COMMUNITY FOUNDATION INC