FRIENDS OF THE UNDERLINE 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

2014

Legal Domicile

Principal Officer

MARGARET DALY

Phone

3056039895

Tax Period

2023-10-01 to 2024-09-30

FRIENDS OF THE UNDERLINE INC, founded in 2014, is a community nonprofit in the Human Services sector that reported $3.0M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $476K, a strong 16% operating margin.

Mission

SECTION 2: PROVIDE A STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS. YOU CAN STATE THE NUMBER OF CLIENTS SERVED, PUBLICATIONS ISSUED, ETC. DISCUSS THE ACHIEVEMENTS THAT ARE NOT MEASURABLE. DEPENDING ON THE NATURE OF YOUR PROGRAMS YOU MAY BE ABLE TO SUMMARIZE THE IMPACT ON THE COMMUNITY. THROUGH THE UNDERLINE PROGRAMS, PARTNERSHIPS, AND CIVIC COLLABORATION MANY RESIDENTS, COMMUNITIES, AND VISITORS HAVE BENEFITTED. THIS INCLUDES OUR SIGNATURE COMMUNITY CONNECTIONS EVENTS, REACHING CULTURALLY RICH AND HISTORICALLY UNDERSERVED AREAS. THE UNDERLINE PRODUCED FOUR (4) CO-CREATED COMMUNITY CONNECTIONS ACTIVATIONS, DRAWING OVER 1,000 ATTENDEES. EACH INITIATIVE REINFORCED OUR COMMITMENT TO CO-CREATION, CIVIC PRIDE, AND CULTURAL EXCHANGE. THE UNDERLINES PROGRAMMING HAS SUPPORTED 300 SMALL BUSINESSES AND ENGAGED 151 PARTNERS INCLUDING OTHER NONPROFITS, SCHOOLS, GRASSROOTS ORGANIZATIONS, AND NEIGHBORHOOD GROUPS. IN TOTAL THE UNDERLINE WAS ALIVE THIS YEAR WITH 233 EVENTS AND MORE THAN 42,000 ATTENDEES

Program Service Accomplishments

Program 1

Expenses: $1,764,303

AS WE COMPLETED OUR SECOND YEAR OF PROGRAMMING PHASE 1, PREPARED FOR THE OPENING OF PHASE 2 AND FACILITATED PUBLIC MEETINGS FOR THE DESIGN AND CONSTRUCTION OF PHASE 3, FRIENDS OF THE UNDERLINE...

AS WE COMPLETED OUR SECOND YEAR OF PROGRAMMING PHASE 1, PREPARED FOR THE OPENING OF PHASE 2 AND FACILITATED PUBLIC MEETINGS FOR THE DESIGN AND CONSTRUCTION OF PHASE 3, FRIENDS OF THE UNDERLINE EXPERIENCED AN INCREDIBLE YEAR OF GROWTH. IN SEPTEMBER 2023, TOGETHER WITH MIAMI DADE COUNTY, FRIENDS HOSTED THE PHASE 3, THE FINAL 7- MILE PHASE OF THE UNDERLINE, GROUND BREAKING FEATURING REPRESENTATIVES FROM LOCAL MUNICIPALITIES, THE STATE AND THE FEDERAL GOVERNMENT. THE THEME THROUGHOUT THE YEAR WAS ONE OF CONNECTIONS. WHETHER IT WAS THE DOZENS OF NONPROFITS WHO HOSTED EVENTS ON THE UNDERLINE OR THE SMALL BUSINESSES WHO ELEVATED THEIR PROFILE BY SELLING GOODS IN OUR PARK, OR THE PARTICIPANTS OF OUR FREE PROGRAMS, WE WERE CONNECTING WITH THE COMMUNITY. PLEASE FIND OUR HIGHLIGHTS BELOW: - INITIATED SEVEN NEW FREE AND PUBLIC PROGRAMS AND LAUNCHED A NEW FARMER'S MARKET, WHICH IS SUPPORTING MORE THAN 20 LOCAL BUSINESSES. - ESTABLISHED A BROAD NETWORK OF OVER 170 PARTNERS INCLUDING NON PROFITS, SCHOOLS, INSTITUTIONS AND BUSINESSES. - HOSTED MORE THAN 200 FREE PROGRAMS THAT ENAGED MIAMI'S DIVERSE DIASPORA, INCLUDING NEIGHBORHOODS SUCH AS LITTLE HAVANA, OVERTOWN, LITTLE BAHAMAS, THE ROADS, VIZCAYA AND MORE. - GREW OUR NEIGHBORHOOD AMBASSADORS GROUP MADE UP OF LIASIONS FROM ALL OF THE NEIGHBORHOODS ALONG THE UNDERLINE. - ENGAGED MORE THAN 400 VOLUNTEERS WHO CONTRIBUTED MORE THAN 4000 HOURS OF COMMUNITY SERVICE TO THE UNDERLINE. -INSTALLED NEW ENGAGING PUBLIC ARTWORKS INCLUDING TYPOE'S SCULPTURE GARDEN AND HANK WILLIS THOMAS' DUALITY. - DEBUTED THE ATALA SOCIETY, A SPONSOR MEMBERSHIP GROUP COMPRISED OF DONORS GIVING FROM 1,200 TO 10,000 ANNUALLY. - SECURED MORE THAN 10 GRANTS FROM NEW FUNDING SOURCES, INCLUDING A 2 MILLION GRANT FOR URBAN FORESTRY FROM THE USDA. - HIRED OUR FIRST INTERNSHIP FELLOW, WHO DRAFTED OUR ORGANIZATION'S FIRST COMMUNITY CONNECTIONS COMMITTEE FRAMEWORK, WHICH WILL DRIVE FUTURE PROGRAMMING, MARKETING AND DATA COLLECTING OBJECTIVES. ALL OF THE UNDERLINE'S HARD WORK HAS BEEN FEATURED IN LOCAL, NATIONAL AND INTERNATIONAL PUBLICATIONS, INCLUDING: THE ARCHITECT'S NEWSPAPER, CULTURED MAGAZINE, OCEAN DRIVE, BUSINESS INSIDER, MIAMI TODAY AND IMPACT EDITION.

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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 $2,252,210

Program Service Revenue $0

Investment Income $277,246

Other Revenue $496,723

TOTAL REVENUE $3,026,179

Expense Breakdown

Grants Paid $1,233,613

Salaries & Benefits $830,510

Fundraising Expenses $258,883

Program Expenses $1,764,303

Other Expenses $486,196

TOTAL EXPENSES $2,550,319

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,026,179	$2,682,672	+0.1%
Expenses	$2,550,319	$1,891,792	+0.3%
Net Income	$475,860	$790,880	-0.4%

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

625

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

$436,260

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARET DALY	FOUNDER	25.00	Officer Director	$0	$0	$0
RODOLFO PRIO TOUZET	CHAIR	12.00	Officer Director	$0	$0	$0
CHRISTINE YORMACK	TREASURER	12.00	Officer Director	$0	$0	$0
NORMA JEAN ABRAHAM	DIRECTOR	3.00	Director	$0	$0	$0
JORDAN BARGAS	DIRECTOR	5.00	Director	$0	$0	$0
JESSICA BERRIN	DIRECTOR	9.00	Director	$0	$0	$0
HENRY BOTT	DIRECTOR	8.00	Director	$0	$0	$0
JESSICA BRUMLEY	DIRECTOR	12.00	Director	$0	$0	$0
GIOVANNI CASTRO	DIRECTOR	2.00	Director	$0	$0	$0
IRIS ESCARRA	DIRECTOR	6.00	Director	$0	$0	$0
DANIEL GIBSON	DIRECTOR	5.00	Director	$0	$0	$0
BRIAN Y GOLDMEIER	DIRECTOR	9.00	Director	$0	$0	$0
LUCAS HERNANDEZ	DIRECTOR	9.00	Director	$0	$0	$0
IRA LEESFIELD	DIRECTOR	12.00	Director	$0	$0	$0
DAVID MARTIN	DIRECTOR	3.00	Director	$0	$0	$0
SALMA MERCHANT RAHMATHULLA	DIRECTOR	9.00	Director	$0	$0	$0
JOSH MERKIN	DIRECTOR	9.00	Director	$0	$0	$0
CAMILO MIGUEL	DIRECTOR	3.00	Director	$0	$0	$0
BRENT REYNOLDS	DIRECTOR	2.00	Director	$0	$0	$0
JOSH SCHERTZER	DIRECTOR	11.00	Director	$0	$0	$0
MIRIAM SOLER RAMOS	DIRECTOR	11.00	Director	$0	$0	$0
ROGER TERRONE	DIRECTOR	11.00	Director	$0	$0	$0
MARTA VICIEDO	DIRECTOR	2.00	Director	$0	$0	$0
DEBI WECHSLER	DIRECTOR	6.00	Director	$0	$0	$0
LILLY WEINBERG	DIRECTOR	12.00	Director	$0	$0	$0
STEVEN WERNICK	DIRECTOR	8.00	Director	$0	$0	$0
MARY JANE WOOLDRIDGE	DIRECTOR	9.00	Director	$0	$0	$0
JUDITH ZEDER	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL GINSBERG	CFO	5.00	Officer	$0	$0	$0
PATRICE GILLESPIE SMITH	PRESIDENT AN	25.00	Officer	$180,000	$0	$180,000
LEANA CIANFONI	CHIEF DEVELO	49.00	Officer	$126,000	$0	$126,000
JAKE MOSKOWITZ	CHIEF INNOVA	25.00	Officer	$130,260	$0	$130,260

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	$3,026,179	$2,550,319	$9,988,183	$475,860
2023	$2,682,672	$1,891,792	$9,031,278	$790,880
2022	$6,095,622	$1,266,652	$8,198,463	$4,828,970
2021	$2,449,747	$1,451,184	$3,426,233	$998,563
2020	$830,837	$805,105	$2,357,957	$25,732
2019	$2,227,266	$842,945	$2,242,300	$1,384,321
2018	$482,097	$780,821	$717,164	$-298,724