FIRST SERVE MIAMI INC (EIN 591603794) - 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

1974

Legal Domicile

Principal Officer

JAMES CHAMPION

Phone

3053656346

Tax Period

2023-08-01 to 2024-07-31

FIRST SERVE MIAMI INC, founded in 1974, is a small nonprofit that reported $762K in total revenue in fiscal year 2023. Revenue surged 131% from the prior year, signaling strong growth momentum. The organization ran a surplus of $281K, a strong 37% operating margin.

Mission

THE ORGANIZATIONS PURPOSE IS TO SERVE INDIVIDUALS WHO EXPRESS AN INTEREST IN LEARNING TENNIS THROUGH A VARIETY OF DEVELOPMENT PROGRAMS INCLUDING AFTER SCHOOL TENNIS PROGRAMS, INSTRUCTIONAL PROGRAMS AND EXCELLENCE DEVELOPMENT PROGRAMS.A VARIETY OF DEVELOPMENT PROGRAMS INCLUDING AFTER SCHOOL TENNIS PROGRAMS, INSTRUCTIONAL PROGRAMS AND EXCELLENCE DEVELOPMENT PROGRAMS.

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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 $818,226

Program Service Revenue $0

Investment Income $9,413

Other Revenue $-65,461

TOTAL REVENUE $762,178

Expense Breakdown

Grants Paid $0

Salaries & Benefits $227,420

Fundraising Expenses $19,869

Program Expenses $385,153

Other Expenses $254,196

TOTAL EXPENSES $481,616

Year-over-Year Comparison

	2023	2022	Change
Revenue	$762,178	$329,354	+1.3%
Expenses	$481,616	$423,845	+0.1%
Net Income	$280,562	$-94,491	-4.0%

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

$34,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANJENETTE L RIVERA	EXECUTIVE DI	35.00	Officer	$34,500	$0	$34,500
JAMES CHAMPION	CHAIRMAN	115.00	Officer Director	$0	$0	$0
JAY BASHEIN	MEMBER	20.00	Director	$0	$0	$0
DR ALICIA CARTER	MEMBER	20.00	Director	$0	$0	$0
TRACY COLDEN	MEMBER	20.00	Director	$0	$0	$0
LARRY COLE	SECRETARY	20.00	Officer Director	$0	$0	$0
ERIC HECHTMAN	MEMBER	20.00	Director	$0	$0	$0
CORINNE KAYAL	MEMBER	20.00	Director	$0	$0	$0
BRUCE KONIVER	VICE CHAIR	20.00	Officer Director	$0	$0	$0
EDWARD G RUBINOFF	PRESIDENT EM	20.00	Officer Director	$0	$0	$0
ROBERT RUBIN	VICE CHAIR	45.00	Officer Director	$0	$0	$0
RICKY WARMAN	MEMBER	20.00	Director	$0	$0	$0
JOHN W URIBE MD	MEMBER	20.00	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	$762,178	$481,616	$395,129	$280,562
2023	$329,354	$423,845	$112,892	$-94,491
2022	$458,012	$357,016	$193,526	$100,996
2021	$251,127	$288,834	$94,884	$-37,707
2020	$308,865	$243,463	$102,042	$65,402
2019	$320,175	$320,444	$32,778	$-269
2017	$214,770	$198,998	$31,277	$15,772

FIRST SERVE MIAMI INC