Spanish River Concerts Inc (EIN 475507464) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

Principal Officer

Jeffrey Morgenstern

Phone

9785023549

Tax Period

2024-01-01 to 2024-12-31

Spanish River Concerts Inc, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $914K in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $1.2M exceeded revenue, resulting in a 32% operating deficit.

Mission

To enhance the lives of retirees in South Florida through the development and presentation of unique, multi-genre, live musical performances. These performances are designed to educate and expand the musical taste of the target audience through the development of additional materials and accessible lectures presented by the contracted artists.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $66,248

Program Service Revenue $847,310

Investment Income $1

Other Revenue $0

TOTAL REVENUE $913,559

Expense Breakdown

Grants Paid $0

Salaries & Benefits $446,811

Fundraising Expenses $0

Program Expenses $1,193,334

Other Expenses $756,595

TOTAL EXPENSES $1,203,406

Year-over-Year Comparison

	2024	2023	Change
Revenue	$913,559	$659,648	+0.4%
Expenses	$1,203,406	$962,380	+0.3%
Net Income	$-289,847	$-302,732	0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$220,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeffrey Morgenstern	President	40.00	Officer	$115,000	$0	$115,000
Mitchell Berkson	Chief Technical	40.00	Officer	$105,800	$0	$105,800

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	$913,559	$1,203,406	$843,475	$-289,847
2023	$659,648	$962,380	$768,694	$-302,732
2022	$399,557	$908,866	$827,731	$-509,309
2022	No data	No data	$883,505	No data
2021	$1,227,294	$504,309	$1,307,266	$722,985
2021	$1,227,294	$504,309	$1,307,266	$722,985
2021	$1,595,978	$894,110	$909,924	$701,868
2020	$687,521	$732,692	$264,784	$-45,171
2019	$1,961,691	$1,294,615	$1,046,300	$667,076
2018	$2,013,713	$2,215,761	$1,317,765	$-202,048

Spanish River Concerts Inc