KIWANIS FOUNDATION OF TAMPA 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

1961

Legal Domicile

Principal Officer

BILL MERCHANT

Phone

8132599200

Tax Period

2023-10-01 to 2024-09-30

KIWANIS FOUNDATION OF TAMPA INC, founded in 1961, is a small nonprofit in the Community Improvement sector that reported $159K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $153K left a modest 3% surplus.

Mission

SUPPORT CHARITABLE PROGRAMS OF KIWANIS CLUB, INC., A PROFESSIONAL CIVIC ORGANIZATION.

Program Service Accomplishments

Program 1

Expenses: $26,206

SCHOLARSHIP AWARDS - THE FOUNDATION AWARDED COLLEGE SCHOLARSHIPS BASED UPON CRITERIA AND NOMINEES PUT FORTH BY THE HILLSBOROUGH EDUCATION FOUNDATION. THE HILLSBOROUGH EDUCATION FOUNDATION IS A...

SCHOLARSHIP AWARDS - THE FOUNDATION AWARDED COLLEGE SCHOLARSHIPS BASED UPON CRITERIA AND NOMINEES PUT FORTH BY THE HILLSBOROUGH EDUCATION FOUNDATION. THE HILLSBOROUGH EDUCATION FOUNDATION IS A 501(C)(3) EXEMPT ORGANIZATION THAT RECEIVES NOMINATIONS FROM HILLSBOROUGH COUNTY PUBLIC HIGH SCHOOL GUIDANCE COUNSELORS FROM A POOL OF STUDENTS WHO ARE ELIGIBLE FOR THE SCHOOL LUNCH PROGRAM AND MEET CERTAIN ACADEMIC REQUIREMENTS. THE HILLSBOROUGH EDUCATION FOUNDATION (WHEN FUNDS AVAILABLE),ALSO MATCHES CERTAIN SCHOLARSHIPS WITH STATE OF FLORIDA GRANTS. IN ADDTION OTHER EDUCATIONAL SCHOLARSHIPS GRANTED 26,206

Program 2

Expenses: $53,657

MISCELLANEOUS GIFTS & GRANTS - THE FOUNDATION ALSO PROVIDES MISCELLANEOUS GIFTS AND GRANTS TO CHARITABLE CAUSES IN THE COMMUNITY. THESE EXPENDITURES ARE BASED ON REQUESTS, BUT USUALLY BENEFIT...

MISCELLANEOUS GIFTS & GRANTS - THE FOUNDATION ALSO PROVIDES MISCELLANEOUS GIFTS AND GRANTS TO CHARITABLE CAUSES IN THE COMMUNITY. THESE EXPENDITURES ARE BASED ON REQUESTS, BUT USUALLY BENEFIT CHILDREN. SEE SCHEDULE O FOR DETAIL GRANTS ARE AS FOLLOWS: BOYS AND GIRLS CLUB OF TAMPA BAY 16,000 SALESIAN YOUTH CENTER 5,000 KIWANIS CLUB OF TAMPA 750 NEW LIFE VILLAGE 13,997 RYAN NEECE FOUNDATION 2,000 CAMP BOGGY CREEK 3,060 COMMUNITY STEPPING STONE 4,000 BOB SIERRA YMCA 1,500 PROJECT LINK INC 1,850 HEAVEN DROP 1,000 SYLVIA THOMAS CENTER 2,500 WOMEN IN AVIATION 1,000 URBAN LEAGUE OF HILLSBOROUGH COUNTY 1,000 ------- 53,657 ======= .

Program 3

N/A

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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 $40,547

Program Service Revenue $0

Investment Income $79,532

Other Revenue $38,450

TOTAL REVENUE $158,529

Expense Breakdown

Grants Paid $118,711

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $118,711

Other Expenses $34,458

TOTAL EXPENSES $153,169

Year-over-Year Comparison

	2023	2022	Change
Revenue	$158,529	$142,357	+0.1%
Expenses	$153,169	$145,840	+0.1%
Net Income	$5,360	$-3,483	-2.5%

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

100

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
LARRY BEVIS	DIRECTOR	N/A	Director	$0	$0	$0
ANGYE FOX	DIRECTOR	N/A	Director	$0	$0	$0
TODD GELBAUGH	DIRECTOR	N/A	Director	$0	$0	$0
ERIN HESBEENS	SECRETARY	N/A	Officer Director	$0	$0	$0
KARA KEYES	DIRECTOR	N/A	Director	$0	$0	$0
BARBARA MACELLI	DIRECTOR	N/A	Director	$0	$0	$0
SUSAN MAURER	DIRECTOR	N/A	Director	$0	$0	$0
BILL MERCHANT	PRESIDENT	N/A	Officer Director	$0	$0	$0
JOE MOORE	DIRECTOR	N/A	Director	$0	$0	$0
TODD MORAN	DIRECTOR	N/A	Director	$0	$0	$0
BOB SINGLETON	TREASURER	N/A	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
2025	No data	No data	No data	No data
2024	$158,529	$153,169	$2,046,055	$5,360
2023	$142,357	$145,840	$1,763,375	$-3,483
2022	$208,149	$149,062	$1,655,440	$59,087
2021	$241,383	$138,595	$2,031,550	$102,788
2020	$283,019	$142,623	$1,855,285	$140,396
2019	$130,943	$199,863	$1,719,541	$-68,920