MIAMI INTERNATIONAL FESTIVAL 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

2015

Legal Domicile

Principal Officer

DANIEL R LEWIS

Phone

3054431744

Tax Period

2019-01-01 to 2019-12-31

MIAMI INTERNATIONAL FESTIVAL INC, founded in 2015, is a community nonprofit that reported $5.1M in total revenue in fiscal year 2019. Revenue surged 859% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.8M, a strong 75% operating margin.

Mission

MUSIC EDUCATION THAT IS EFFECTIVE, ACCESSIBLE AND AFFORDABLE FOR ALL MIAMI-DADE CHILDREN, BY EMPLOYING STRATEGIES TO IDENTIFY, INSPIRE AND DEVELOP A NETWORK OF HIGH PERFORMING, MIAMI-DADE COUNTY BASED AUTHENTIC CREATORS, DEVELOP A TRUSTING, COLLABORATIVE RELATIONSHIP WITH THE M-DCPS SUPERINTENDENT, SENIOR ADMINISTRATION, PRINCIPALS AND TEACHERS, AND WITH THOUGHT AND PHILANTHROPIC LEADERS ADVISING, COLLABORATING, ADVOCATING, AND SUPPORTING, WHEN WARRANTED.

Program Service Accomplishments

Program 1

Expenses: $139,000

INTERLOCHEN CENTER FOR THE ARTS GRANT

Program 2

Expenses: $150,000

GUITARS OVER GUNS

Program 3

Expenses: $119,125

YWCA OF MIAMI DADE, INC

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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 (2019)

Revenue Breakdown

Contributions & Grants $5,132,197

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,132,197

Expense Breakdown

Grants Paid $873,617

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $873,617

Other Expenses $431,352

TOTAL EXPENSES $1,304,969

Year-over-Year Comparison

	2019	2018	Change
Revenue	$5,132,197	$535,000	+8.6%
Expenses	$1,304,969	$306,210	+3.3%
Net Income	$3,827,228	$228,790	+15.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL R LEWIS	DIR, PRES, SEC, TREAS.	10.00	Director	$0	$0	$0
GARY L WASSERMAN	DIRECTOR	5.00	Director	$0	$0	$0
BRUCE CLINTON	DIRECTOR	5.00	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
2019	$5,132,197	$1,304,969	$4,093,878	$3,827,228
2018	$535,000	$306,210	$234,847	$228,790