MIAMI BEACH COMMUNITY DEVELOPMENT CORPORATION (EIN 592110264) - 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

1981

Legal Domicile

Principal Officer

CRISTIAN ARANGO II

Phone

3055380090

Tax Period

2023-10-01 to 2024-09-30

MIAMI BEACH COMMUNITY DEVELOPMENT CORPORATION, founded in 1981, is a community nonprofit in the Community Improvement sector that reported $1.9M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $3.3M exceeded revenue, resulting in a 77% operating deficit.

Mission

MBCDC IS A NEIGHBORHOOD COMMUNITY DEVELOPMENT AGENCY COMMITTED TO THE PRESERVATION OF THE MIAMI BEACH ARCHITECTURAL DISTRICT AND ECONOMIC REVITALIZATION OF SOUTH BEACH.

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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 $0

Program Service Revenue $668,058

Investment Income $-577,482

Other Revenue $1,786,668

TOTAL REVENUE $1,877,244

Expense Breakdown

Grants Paid $0

Salaries & Benefits $254,568

Fundraising Expenses $0

Program Expenses $3,282,417

Other Expenses $3,072,053

TOTAL EXPENSES $3,326,621

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,877,244	$2,063,632	-0.1%
Expenses	$3,326,621	$2,844,698	+0.2%
Net Income	$-1,449,377	$-781,066	+0.9%

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

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

$54,880

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIA BARRIOS	DIRECTOR	2.00	Director	$0	$0	$0
JUANITA FRANKLIN	DIRECTOR	2.00	Director	$0	$0	$0
JEREMY SHIR	DIRECTOR	2.00	Director	$0	$0	$0
CATALINA RODRIGUEZ	DIRECTOR	2.00	Director	$0	$0	$0
CICELY HODGES	DIRECTOR	2.00	Director	$0	$0	$0
CRISTIAN ARANGO II	CHIEF OPERATING OFFICER	40.00	Officer	$54,880	$0	$54,880
MICHAEL HAMMON	CHAIRMAN	2.00	Officer	$0	$0	$0
WILL WISEHEART	SECRETARY	2.00	Officer	$0	$0	$0
RAYMOND PEREIRA	TREASURER	2.00	Officer	$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	$1,877,244	$3,326,621	$23,784,681	$-1,449,377
2023	$2,063,632	$2,844,698	$26,537,809	$-781,066
2022	$2,161,577	$2,557,776	$27,362,430	$-396,199
2021	$2,129,125	$2,938,058	$28,003,490	$-808,933
2020	$2,136,856	$3,101,075	$28,833,320	$-964,219
2019	$1,980,141	$3,338,793	$29,085,573	$-1,358,652
2018	$2,548,537	$3,357,837	$30,894,725	$-809,300

MIAMI BEACH COMMUNITY DEVELOPMENT CORPORATION