KEY WEST ART AND HISTORICAL SOCIETY INC (EIN 590660461) - 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

1957

Legal Domicile

Principal Officer

MICHAEL GIEDA

Phone

3052956616

Tax Period

2023-10-01 to 2024-09-30

KEY WEST ART AND HISTORICAL SOCIETY INC, founded in 1957, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. Expenses of $2.7M left a modest 9% surplus.

Mission

THE MISSION OF THE KEY WEST ART AND HISTORICAL SOCIETY IS TO PRESERVE THE CULTURE OF THE FLORIDA KEYS THROUGH EXHIBITING AND DISPLAYING REGIONAL ART, ARCHITECTURE, AND HISTORY FOR THE PURPOOSE OF EDUCATING THE COMMUNITY AND VISITING PUBLIC.

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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 $611,865

Program Service Revenue $1,863,687

Investment Income $25

Other Revenue $469,390

TOTAL REVENUE $2,944,967

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,365,376

Fundraising Expenses $150,698

Program Expenses $2,187,513

Other Expenses $1,322,711

TOTAL EXPENSES $2,688,087

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,944,967	$2,926,481	+0.0%
Expenses	$2,688,087	$2,732,196	0.0%
Net Income	$256,880	$194,285	+0.3%

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

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

$165,404

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ENID TORREGROSA	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAY HALL	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL SHIELDS	DIRECTOR	1.00	Director	$0	$0	$0
BEN HARRISON	DIRECTOR	1.00	Director	$0	$0	$0
DONNA BOSOLD	DIRECTOR	1.00	Director	$0	$0	$0
TED STEWART	DIRECTOR	1.00	Director	$0	$0	$0
JOHN O'LEARY	1ST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SAN KAUFMAN	2ND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
EMMA STARR	SECRETARY	1.00	Officer Director	$0	$0	$0
DAKIN WEEKLEY	DIRECTOR	1.00	Director	$0	$0	$0
MARTHA RESK	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL GIEDA	EXECUTIVE DIRECTOR	45.00	Officer	$165,404	$0	$165,404

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	$2,944,967	$2,688,087	$4,313,169	$256,880
2023	$2,926,481	$2,732,196	$3,780,810	$194,285
2022	$2,563,434	$2,475,487	$3,761,615	$87,947
2022	$2,563,434	$2,475,487	$3,761,615	$87,947
2021	$2,771,144	$1,666,944	$3,638,372	$1,104,200
2020	$1,676,289	$1,681,069	$2,369,475	$-4,780
2019	$2,056,995	$2,060,852	$2,552,742	$-3,857
2018	$2,293,221	$2,024,991	$2,554,132	$268,230

KEY WEST ART AND HISTORICAL SOCIETY INC