KEY WEST BOTANICAL GARDEN SOCIETY

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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

1988

Legal Domicile

Principal Officer

Ed Cunningham

Phone

3052961504

Tax Period

2024-07-01 to 2025-06-30

KEY WEST BOTANICAL GARDEN SOCIETY, founded in 1988, is a small nonprofit in the Environment sector that reported $495K in total revenue in fiscal year 2024. Expenses of $556K exceeded revenue, resulting in a 12% operating deficit.

Mission

The purpose of this organization is to preserve, develop and expand the Key West Tropical Forest and Botanical Garden as an arboretum, botanical garden, museum, wildlife refuge, habitat and educational center for threatened, endangered and endemic species of flora and fauna, both resident and migratory, of the Florida Keys, Cuba, and the Caribbean Basin; and it shall serve as a center for the study of and research into such flora and fauna so as to encourage the conservation and promote the benefits of native plants and wildlife.

Program Service Accomplishments

Program 1

Expenses: $140,137

Preservation: The Society preserves, develops and expands the Key West Tropical Forest and Botanical Garden as an arboretum, botanical garden, museum, wildlife refuge, habitat.

Program 2

Expenses: $130,669

Public Awareness: The Society educates the public about the threatened, endangered and endemic flora and fauna of the Florida Keys, Cuba, and the Caribbean Basin through trips to ecological...

Public Awareness: The Society educates the public about the threatened, endangered and endemic flora and fauna of the Florida Keys, Cuba, and the Caribbean Basin through trips to ecological destinations, a speaker series, garden tours, electronic tour guides, guide books, newsletters, and community family oriented environmental events.The Society had approximately 150 volunteers during the year who logged approximately 4,000 hours of work for the Society in many different capacities.

Program 3

Expenses: $66,287

Education: The Society educates children about the threatened, endangered and endemic flora and fauna of the Florida Keys, Cuba, and the Caribbean Basin. This education includes the importance of...

Education: The Society educates children about the threatened, endangered and endemic flora and fauna of the Florida Keys, Cuba, and the Caribbean Basin. This education includes the importance of conservation, natural sciences, and the benefits of native plants and wildlife.

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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 $284,158

Program Service Revenue $160,450

Investment Income $34,397

Other Revenue $15,909

TOTAL REVENUE $494,914

Expense Breakdown

Grants Paid $0

Salaries & Benefits $266,609

Fundraising Expenses $15,228

Program Expenses $337,093

Other Expenses $289,492

TOTAL EXPENSES $556,101

Year-over-Year Comparison

	2024	2023	Change
Revenue	$494,914	$459,813	+0.1%
Expenses	$556,101	$486,944	+0.1%
Net Income	$-61,187	$-27,131	+1.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ed Cunningham	President	2.00	Officer Director	$0	$0	$0
Audrey Thompson	Secretary	1.00	Director	$0	$0	$0
Susan Beale	Director	2.00	Director	$0	$0	$0
Johns Rouge	Director	1.00	Director	$0	$0	$0
Mary Chandler	Treasurer	2.00	Officer Director	$0	$0	$0
Rezba Richard	Director	1.00	Director	$0	$0	$0
Carole Dehart	Director	1.00	Director	$0	$0	$0
Joy Taylor	Vice President	2.00	Officer Director	$0	$0	$0
Bernard Rasch	Director	1.00	Director	$0	$0	$0
Robyn Myer	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	$494,914	$556,101	$1,293,108	$-61,187
2024	$459,813	$486,944	$1,351,719	$-27,131
2023	$415,339	$509,068	$1,293,846	$-93,729
2022	$454,901	$476,476	$1,211,458	$-21,575
2021	$366,584	$497,004	$1,329,457	$-130,420
2020	$760,932	$568,998	$1,376,488	$191,934
2019	$444,164	$434,785	$1,109,645	$9,379