MIAMI BAYSIDE FOUNDATION INC

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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

1986

Legal Domicile

Principal Officer

KATHLEEN MURPHY

Phone

3053797070

Tax Period

2024-01-01 to 2024-12-31

MIAMI BAYSIDE FOUNDATION INC, founded in 1986, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2024. The organization ran a surplus of $488K, a strong 21% operating margin.

Mission

TO ADVANCE THE ECONOMIC DEVELOPMENT OF SOUTH FLORIDA.

Program Service Accomplishments

Program 1

Expenses: $1,216,706 Revenue: $171,503

LOAN PROGRAM FOR MINORITY- AND WOMEN-OWNED BUSINESSES IN MIAMI-DADE, BROWARD, AND MONROE COUNTIES. IN 2024, THIRTY-THREE LOANS WERE FUNDED IN THE AMOUNT OF 2,487,000. SCHOLARSHIPS FOR MINORITY...

LOAN PROGRAM FOR MINORITY- AND WOMEN-OWNED BUSINESSES IN MIAMI-DADE, BROWARD, AND MONROE COUNTIES. IN 2024, THIRTY-THREE LOANS WERE FUNDED IN THE AMOUNT OF 2,487,000. SCHOLARSHIPS FOR MINORITY STUDENTS IN THE CITY OF MIAMI AND GRANTS TO EDUCATIONAL PROGRAMS FOR MINORITY CHILDREN AND YOUTH IN THE CITY OF MIAMI. IN 2024, 208,984 WAS AWARDED IN GRANTS TO ORGANIZATIONS AND 350,306.50 IN DIRECT SCHOLARSHIPS AS WELL AS SCHOLARSHIPS THROUGH OTHER PROGRAMS AT COLLEGES AND UNIVERSITIES. TECHNICAL ASSISTANCE PROGRAMS FOR MINORITY- AND WOMEN-OWNED BUSINESSES IN MIAMI-DADE, BROWARD, AND MONROE COUNTIES. IN 2024, 156 HOURS OF TECHNICAL ASSISTANCE PROGRAMMING AND WORKSHOPS THAT GRADUATED 206 SMALL BUSINESS OWNERS WERE HELD. 640 HOURS OF ONE-ON-ONE COACHING AND 120,750 IN IMPLEMENTATION GRANTS TO SMALL BUSINESS OWNERS.

Program 2

Expenses: $368,704

SCHOLARSHIPS FOR MINORITY STUDENTS IN THE CITY OF MIAMI AND GRANTS TO EDUCATIONAL PROGRAMS FOR MINORITY CHILDREN IN THE CITY OF MIAMI.

Program 3

TECHNICAL ASSISTANCE PROGRAMS FOR MINORITY- AND WOMEN-OWNED BUSINESSES IN MIAMI-DADE, BROWARD, AND MONROE COUNTIES.

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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 $2,032,125

Program Service Revenue $171,503

Investment Income $156,773

Other Revenue $0

TOTAL REVENUE $2,360,401

Expense Breakdown

Grants Paid $368,704

Salaries & Benefits $810,179

Fundraising Expenses $129,531

Program Expenses $1,585,410

Other Expenses $693,612

TOTAL EXPENSES $1,872,495

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,360,401	$2,311,864	+0.0%
Expenses	$1,872,495	$1,618,613	+0.2%
Net Income	$487,906	$693,251	-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

$304,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHLEEN MURPHY	EXECUTIVE DI	60.00	Officer	$174,500	$19,500	$194,000
ALAN ALVAREZ	DIRECTOR ED	40.00	Officer	$103,700	$6,300	$110,000
NATHAN KURLAND	CHAIRMAN	2.00	Officer Director	$0	$0	$0
PAMELA WELLER	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
SONIA CANESSA-GONZALEZ	TREASURER	1.00	Officer Director	$0	$0	$0
NICOLE EWAN	SECRETARY	1.00	Officer Director	$0	$0	$0
JOSIE CORREA	DIRECTOR	1.00	Director	$0	$0	$0
ROLANDO AEDO	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE BARTON-KING	DIRECTOR	1.00	Director	$0	$0	$0
BENITO CARMONA	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY CAZEAU	DIRECTOR	1.00	Director	$0	$0	$0
ADAM DUNSHEE	DIRECTOR	1.00	Director	$0	$0	$0
LOUIS MCMILLIAN	DIRECTOR	1.00	Director	$0	$0	$0
BASIL BINNS II	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW GORDON	DIRECTOR	1.00	Director	$0	$0	$0
EDGARD NIETO	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	$2,360,401	$1,872,495	$11,576,801	$487,906
2023	$2,311,864	$1,618,613	$11,460,074	$693,251
2022	$2,648,181	$1,424,603	$9,912,605	$1,223,578
2021	$1,969,399	$1,219,558	$8,851,212	$749,841
2020	$1,860,542	$1,285,259	$6,947,156	$575,283
2019	$1,410,608	$882,502	$5,504,160	$528,106
2018	$1,088,562	$787,380	$3,247,157	$301,182