PARROT HEADS IN PARADISE (EIN 582147691) - 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

1997

Legal Domicile

Principal Officer

Kyle T Witten

Phone

8594740463

Tax Period

2023-01-01 to 2023-12-31

PARROT HEADS IN PARADISE, founded in 1997, is a small nonprofit in the Recreation & Sports sector that reported $887K in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $1.0M exceeded revenue, resulting in a 15% operating deficit.

Mission

Parrot Heads in Paradise INC. is a Non-fr-Profit Corporation whose purpose is to assist in community and environmental concerns and provide a variety of social activities for people that are interested in the music of Jimmy Buffet and the tropical lifestyle he personifies.

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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 $62,318

Program Service Revenue $0

Investment Income $0

Other Revenue $824,884

TOTAL REVENUE $887,202

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $1,022,442

TOTAL EXPENSES $1,022,442

Year-over-Year Comparison

	2023	2022	Change
Revenue	$887,202	$647,788	+0.4%
Expenses	$1,022,442	$586,026	+0.7%
Net Income	$-135,240	$61,762	-3.2%

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

22000

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
Kyle Witten	Director of Finance	10	Officer Director	$0	$0	$0
Suzanne Calhoun	Director of Membership	10	Officer Director	$0	$0	$0
Brad Nunemaker	Vice President	10	Officer Director	$0	$0	$0
Bill Brehm	President	10	Officer Director	$0	$0	$0
David Cohen	Secretary	10	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	No data	No data	No data	No data
2023	$887,202	$1,022,442	$159,403	$-135,240
2022	$647,788	$586,026	$294,643	$61,762
2021	$407,836	$295,772	$232,881	$112,064
2020	$109,134	$163,492	$120,817	$-54,358

PARROT HEADS IN PARADISE