SOUTH FLORIDA MUSICIANS UNION (EIN 590358930) - 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

1950

Legal Domicile

Principal Officer

JEFFREY APANA

Phone

9545274458

Tax Period

2024-01-01 to 2024-12-31

SOUTH FLORIDA MUSICIANS UNION, founded in 1950, is a micro nonprofit that reported $57K in total revenue in fiscal year 2024. Expenses of $63K exceeded revenue, resulting in a 12% operating deficit.

Mission

PROVIDE WAGE SCALES FOR MUSICIANS

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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 $52,885

Program Service Revenue $0

Investment Income $1,596

Other Revenue $2,125

TOTAL REVENUE $56,606

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,064

Fundraising Expenses $0

Other Expenses $37,166

TOTAL EXPENSES $63,230

Year-over-Year Comparison

	2024	2023	Change
Revenue	$56,606	$57,124	0.0%
Expenses	$63,230	$61,747	+0.0%
Net Income	$-6,624	$-4,623	+0.4%

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

191

Independent Members

191

Employees

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

$22,700

Total Directors

$26,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY APANA	TREASURER	20.00	Officer Director	$16,900	$0	$16,900
KENDRA HAWLEY	PRESIDENT	5.00	Officer Director	$5,200	$0	$5,200
ELIZABETH ARON	DIRECTOR	5.00	Director	$600	$0	$600
MATTHEW COREY	DIRECTOR	5.00	Director	$600	$0	$600
KAREN FULLER	VICE PRESIDE	5.00	Officer Director	$600	$0	$600
DINA KOSTIC	DIRECTOR	5.00	Director	$600	$0	$600
LUCIAN WILLIAMS	DIRECTOR	5.00	Director	$600	$0	$600
ANDREW PROCTOR	DIRECTOR	5.00	Director	$550	$0	$550
CHARLES RESKIN	DIRECTOR	5.00	Director	$550	$0	$550

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
2025	No data	No data	No data	No data
2024	$56,606	$63,230	$110,479	$-6,624
2023	$57,124	$61,747	$117,679	$-4,623
2022	$56,774	$61,891	$121,904	$-5,117
2021	$44,854	$49,610	$127,470	$-4,756
2020	$70,421	$65,116	$128,647	$5,305
2019	$67,826	$72,411	$125,521	$-4,585
2018	$76,528	$75,565	$128,046	$963

SOUTH FLORIDA MUSICIANS UNION