Legal Services of Greater Miami Foundation Inc (EIN 472937610) - 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

2014

Legal Domicile

Principal Officer

Stanley Wakshlag

Phone

3054383871

Tax Period

2024-01-01 to 2024-12-31

Legal Services of Greater Miami Foundation Inc, founded in 2014, is a community nonprofit in the Civil Rights & Advocacy sector that reported $2.1M in total revenue in fiscal year 2024. The organization ran a surplus of $1.5M, a strong 71% operating margin.

Mission

The purpose for which the corporation is organized is exclusively for charitable purposes under Section 501(c)(3) of the Internal Revenue Code and the specific purpose of the corporation is to provide support to Legal Services of Greater Miami.

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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 $0

Program Service Revenue $0

Investment Income $2,141,686

Other Revenue $0

TOTAL REVENUE $2,141,686

Expense Breakdown

Grants Paid $610,954

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $610,954

Other Expenses $2,704

TOTAL EXPENSES $613,658

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,141,686	$-1,226,694	-2.7%
Expenses	$613,658	$994,153	-0.4%
Net Income	$1,528,028	$-2,220,847	-1.7%

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

$211,986

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Monica Vigues-Pitan	Secretary	1.00	Officer	$0	$20,440	$211,986
Manuel Dobrinsky	Board Member	2.00	Director	$0	$0	$0
Jordi Guso	Vice President	1.00	Officer Director	$0	$0	$0
Jeffrey Crockett	Treasurer	1.00	Officer Director	$0	$0	$0
Tracy Nichols	Board Member	1.00	Director	$0	$0	$0
Stanley Wakshlag	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	$2,141,686	$613,658	$28,425,251	$1,528,028
2023	$-1,226,694	$994,153	$27,310,339	$-2,220,847
2022	$2,763,759	$242,882	$25,710,116	$2,520,877
2021	$5,692,296	$270,300	$27,352,989	$5,421,996
2020	$890,139	$591,094	$22,891,823	$299,045
2019	$478,133	$608,550	$21,083,268	$-130,417
2018	$242,186	$914,708	$18,439,621	$-672,522

Legal Services of Greater Miami Foundation Inc