POMPANO BEACH ARTS FOUNDATION INC (EIN 475286257) - 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

2015

Legal Domicile

Principal Officer

TIM SHANE

Phone

9545457800

Tax Period

2022-10-01 to 2023-09-30

POMPANO BEACH ARTS FOUNDATION INC, founded in 2015, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $63 in total revenue in fiscal year 2022. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $4K exceeded revenue, resulting in a 6043% operating deficit.

Mission

THE ORGANIZATION IS ORGANIZED FOR THE PURPOSE AND OBJECTIVE OF SERVING THE PUBLIC BENEFIT OF THE COMMUNITIES THAT IT SERVES BY RAISING CULTURAL AWARENESS FOR VIBRANT CULTURAL COMMUNITIES, PROMOTING CULTURAL TOURISM AND FACILITATING ACCESS TO THE ARTS FOR PEOPLE OF ALL AGES, ETHNICITIES AND PHYSICAL ABILITIES AND ENCOURAGING AND ADVOCATION FRO PUBLIC AND PRIVATE FUNDING.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $63

Other Revenue $0

TOTAL REVENUE $63

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,870

TOTAL EXPENSES $3,870

Year-over-Year Comparison

	2022	2021	Change
Revenue	$63	$2,579	-1.0%
Expenses	$3,870	$12,920	-0.7%
Net Income	$-3,807	$-10,341	-0.6%

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
RIC GREEN	TREASURE	N/A	Officer	$0	$0	$0
WILLIAM MELESKI	SECRETARY	N/A	Officer	$0	$0	$0
MELANIE RIDDICK	DIRECTOR	N/A	Officer	$0	$0	$0
TIM SHANE	CHAIRMAN	N/A	Officer	$0	$0	$0
JAY UNDERKOFLER	DIRECTOR	N/A	Officer	$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
2023	$63	$3,870	$371,730	$-3,807
2022	$2,579	$12,920	$375,533	$-10,341
2021	$82	$5,100	$385,874	$-5,018
2020	$51	$10,342	$390,892	$-10,291
2018	$34,547	$10,381	$345,728	$24,166

POMPANO BEACH ARTS FOUNDATION INC