FIRST TEE OF MIAMI-DADE FOUNDATION INC (EIN 461112090) - 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

2012

Legal Domicile

Principal Officer

MICHAEL WOHL

Phone

7867495310

Tax Period

2023-01-01 to 2023-12-31

FIRST TEE OF MIAMI-DADE FOUNDATION INC, founded in 2012, is a small nonprofit in the Youth Development sector that reported $346K in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $741K exceeded revenue, resulting in a 114% operating deficit.

Mission

IMPACTING THE LIVES OF YOUNG PEOPLE, BY PROVIDING EDUCATIONAL PROGRAMS THAT BUILD CHARACTER, INSTILL LIFE-ENHANCING VALUES AND PROMOTE HEALTHY CHOICES THROUGH THE GAME OF GOLF.

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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 $343,245

Program Service Revenue $0

Investment Income $3,053

Other Revenue $0

TOTAL REVENUE $346,298

Expense Breakdown

Grants Paid $712,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $712,000

Other Expenses $29,104

TOTAL EXPENSES $741,104

Year-over-Year Comparison

	2023	2022	Change
Revenue	$346,298	$576,803	-0.4%
Expenses	$741,104	$575,370	+0.3%
Net Income	$-394,806	$1,433	-276.5%

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

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
DAVID BANKS	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL BAUMGARD	DIRECTOR	1.00	Director	$0	$0	$0
BOB BURLINGTON	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN ELIAS	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES DE LUCCA III	DIRECTOR	1.00	Director	$0	$0	$0
TOM KORGE	DIRECTOR	1.00	Director	$0	$0	$0
LAWRENCE TOMEK	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL WOHL	PRESIDENT	1.00	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	$346,298	$741,104	$140,389	$-394,806
2022	$576,803	$575,370	$530,161	$1,433
2020	$555,863	$552,089	$529,507	$3,774
2019	$751,423	$253,237	$525,733	$498,186
2018	$257,250	$312,027	$27,547	$-54,777

FIRST TEE OF MIAMI-DADE FOUNDATION INC