KIWANIS CLUB OF LONGBOAT KEY FOUNDATION (EIN 592238543) - 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

EARL LARSON

Phone

3143241517

Tax Period

2023-10-01 to 2024-09-30

KIWANIS CLUB OF LONGBOAT KEY FOUNDATION, founded in 1981, is a micro nonprofit that reported $69K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $83K exceeded revenue, resulting in a 21% operating deficit.

Mission

SUPPORT YOUTH ACTIVITIES AND PROVIDE SCHOLARSHIPS TO FURTHER YOUTH EDUCATION.

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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 $108,260

Program Service Revenue $0

Investment Income $4,045

Other Revenue $-43,149

TOTAL REVENUE $69,156

Expense Breakdown

Grants Paid $80,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $80,000

Other Expenses $3,399

TOTAL EXPENSES $83,399

Year-over-Year Comparison

	2023	2022	Change
Revenue	$69,156	$92,463	-0.3%
Expenses	$83,399	$99,823	-0.2%
Net Income	$-14,243	$-7,360	+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

N/A

Independent Members

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL GAREY	PRESIDENT	2.00	Officer Director	$0	$0	$0
JIM WHITMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
EARL LARSON	TREASURER	2.00	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	$69,156	$83,399	$153,854	$-14,243
2023	$92,463	$99,823	$149,206	$-7,360
2022	$122,892	$116,654	$154,311	$6,238
2021	$13,860	$18,746	$174,034	$-4,886
2020	$29,114	$33,802	$166,108	$-4,688
2019	$6,868	$31,268	$180,680	$-24,400

KIWANIS CLUB OF LONGBOAT KEY FOUNDATION