TROPICALFETE INC (EIN 452940435) - 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

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

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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

$13,550

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALTON AIMABLE	COMMUNITY CULTURAL LEADER ACCOUNT	040.00	Officer Director	$13,550	$0	$13,550
KERAN DETERVILLE	FINANCE OFFICER/ARTIST	025.00	Officer Director	$0	$0	$0
PATRICIA MESCHINO	SECRETARY	025.00	Officer Director	$0	$0	$0
KEITH MARCELLE	CHAIRMAN	N/A	Director	$0	$0	$0
PAUL DOLOR	BUSINESS DEVELOPMENT SPECIALIST AND	025.00	Director	$0	$0	$0
KATHERINE V CHARLES	BOARD MEMBER	025.00	Director	$0	$0	$0
ZOE FARRELL	BOARD MEMBER	025.00	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	$411,589	$402,391	$284,408	$9,198
2023	$402,617	$360,103	$355,047	$42,514
2022	$242,323	$238,798	$235,205	$3,525

TROPICALFETE INC