SOUTH BEACH SEAFOOD FESTIVAL INC (EIN 364899790) - 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

2018

Legal Domicile

Principal Officer

TOD ROY

Tax Period

2023-01-01 to 2023-12-31

SOUTH BEACH SEAFOOD FESTIVAL INC, founded in 2018, is a small nonprofit in the Youth Development sector that reported $851K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $1.1M exceeded revenue, resulting in a 30% operating deficit.

Mission

TO PROMOTE AND GROW COMMUNITY BASED CULINARY INSTITUTIONS. TO PROVIDE HEALTHY MEALS AND NUTRITIONAL GUIDANCE TO MIAMI BEACH YOUTH BY CREATING PROGRAMS IN VARIOUS SCHOOLS TO ENSURE GROWTH AND INSPIRATION TO ENSURE SUCCESS IN THEIR FUTURES.

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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 $131,650

Program Service Revenue $719,451

Investment Income $0

Other Revenue $0

TOTAL REVENUE $851,101

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $989,069

Other Expenses $1,109,163

TOTAL EXPENSES $1,109,163

Year-over-Year Comparison

	2023	2022	Change
Revenue	$851,101	$784,855	+0.1%
Expenses	$1,109,163	$1,068,871	+0.0%
Net Income	$-258,062	$-284,016	-0.1%

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

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
VALERIE ROY	DIRECTOR	3.00	Director	$0	$0	$0
MARTHA RIPPES	DIRECTOR	1.00	Director	$0	$0	$0
JASON VENGER	DIRECTOR	3.00	Director	$0	$0	$0
TOD ROY	PRESIDENT	5.00	Officer 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	$851,101	$1,109,163	$241,220	$-258,062
2022	$784,855	$1,068,871	$265,049	$-284,016
2021	$551,115	$597,516	$264,896	$-46,401
2020	$131,758	$235,020	$397	$-103,262
2019	$648,224	$648,043	$1,059	$181

SOUTH BEACH SEAFOOD FESTIVAL INC