TROPICALFETE 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

2011

Legal Domicile

Principal Officer

ALTON AIMABLE

Phone

6465043383

Tax Period

2024-01-01 to 2024-12-31

TROPICALFETE INC, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $412K in total revenue in fiscal year 2024.

Mission

ESTABLISHED NBSP;IN NBSP;1999 NBSP;AS NBSP;AN NBSP;ONLINE NBSP;PUBLICATION NBSP; AMP; NBSP;CULTURAL NBSP;RESOURCE NBSP;CENTER NBSP;IN NBSP;2011 NBSP;TROPICALFETE NBSP;BECAME NBSP;A NBSP;NOT NBSP;FOR NBSP;PROFIT NBSP;CORPORATION NBSP;AND NBSP;AIMS NBSP;TO NBSP;DEVELOP NBSP;THE NBSP;COMMUNITY NBSP;IN NBSP;THE NBSP;AREA NBSP;OF NBSP;ARTS NBSP;AND NBSP;SOCIAL NBSP;SERVICES NBSP;WITH NBSP;THE NBSP;FOCUS NBSP;ON NBSP;EDUCATING NBSP;THE NBSP;COMMUNITY NBSP;ON NBSP;CARIBBEAN NBSP;CULTURE

Program Service Accomplishments

Program 1

Expenses: $154,263

YOUTH CULTURAL PROGRAMMING (DANCE MUSIC ARTS) REFERS TO ORGANIZED ACTIVITIES AND INITIATIVES DESIGNED TO ENGAGE YOUNG PEOPLE IN CREATIVE EXPRESSION WHILE CELEBRATING CULTURE IDENTITY AND COMMUNITY...

YOUTH CULTURAL PROGRAMMING (DANCE MUSIC ARTS) REFERS TO ORGANIZED ACTIVITIES AND INITIATIVES DESIGNED TO ENGAGE YOUNG PEOPLE IN CREATIVE EXPRESSION WHILE CELEBRATING CULTURE IDENTITY AND COMMUNITY. ACROSS ALL AREAS YOUTH CULTURAL PROGRAMMING AIMS TO FOSTER SELF-EXPRESSION AND CONFIDENCE / PRESERVE AND CELEBRATE CULTURAL TRADITIONS / BUILD SOCIAL SKILLS AND COMMUNITY CONNECTION / SUPPORT EMOTIONAL WELL-BEING / PROVIDE POSITIVE SAFE SPACES FOR YOUTH DEVELOPMENT

Program 2

Expenses: $77,500

SENIOR CULTURAL PROGRAMMING REFERS TO ORGANIZED ACTIVITIES AND EXPERIENCES DESIGNED SPECIFICALLY FOR OLDER ADULTS THAT SUPPORT SOCIAL CONNECTION LIFELONG LEARNING CREATIVITY AND WELL-BEING THROUGH...

SENIOR CULTURAL PROGRAMMING REFERS TO ORGANIZED ACTIVITIES AND EXPERIENCES DESIGNED SPECIFICALLY FOR OLDER ADULTS THAT SUPPORT SOCIAL CONNECTION LIFELONG LEARNING CREATIVITY AND WELL-BEING THROUGH ARTS HERITAGE AND COMMUNITY ENGAGEMENT. REDUCES SOCIAL ISOLATION AND LONELINESS / SUPPORTS MENTAL STIMULATION AND COGNITIVE HEALTH / ENCOURAGES PHYSICAL MOVEMENT AND EMOTIONAL EXPRESSION / HONORS SENIORS LIFE EXPERIENCE TRADITIONS AND IDENTITIES / BUILDS A STRONGER SENSE OF COMMUNITY BELONGING

Program 3

Expenses: $50,000

HISTORICAL CULTURAL PRESENTATION PROGRAMS IS AN EDUCATIONAL EVENT OR ACTIVITY DESIGNED TO SHOWCASE THE HISTORY TRADITIONS VALUES AND CULTURAL HERITAGE OF A PARTICULAR COUNTRY COMMUNITY OR TIME...

HISTORICAL CULTURAL PRESENTATION PROGRAMS IS AN EDUCATIONAL EVENT OR ACTIVITY DESIGNED TO SHOWCASE THE HISTORY TRADITIONS VALUES AND CULTURAL HERITAGE OF A PARTICULAR COUNTRY COMMUNITY OR TIME PERIOD. THE PROGRAM TYPICALLY COMBINES INFORMATIVE CONTENT WITH CREATIVE ELEMENTS TO MAKE LEARNING ENGAGING AND MEMORABLE.

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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 $345,899

Program Service Revenue $64,916

Investment Income $0

Other Revenue $774

TOTAL REVENUE $411,589

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,676

Fundraising Expenses $0

Program Expenses $289,263

Other Expenses $373,715

TOTAL EXPENSES $402,391

Year-over-Year Comparison

	2024	2023	Change
Revenue	$411,589	$402,617	+0.0%
Expenses	$402,391	$360,103	+0.1%
Net Income	$9,198	$42,514	-0.8%

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

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

$13,550

Total Directors