THE RHYTHM 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

1988

Legal Domicile

Principal Officer

ADAM GANUZA

Phone

3056725202

Tax Period

2024-10-01 to 2025-09-30

THE RHYTHM FOUNDATION INC, founded in 1988, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

WE CREATE SHARED CULTURAL EXPERIENCES THAT BUILD AND STRENGTHEN THE DIVERSE COMMUNITIES OF SOUTH FLORIDA THROUGH THE PRESENTATION OF LIVE MUSIC. WE BELIEVE INTERNATIONAL CULTURAL EXCHANGE INJECTS EMPATHY AND POSITIVITY INTO THE GLOBAL CONVERSATION; CULTURAL ACTIVITY DEVELOPS COMMUNITY AND BUILDS NEIGHBORHOODS; SUSTAINABLE PRACTICES ARE POSSIBLE IN EVENT PRODUCTIONS; THAT MIAMI IS A GLOBAL CITY AND THAT OUR ARTISTS ARE WORLD-CLASS.

Program Service Accomplishments

Program 1

Expenses: $1,795,019 Revenue: $2,400,201

2024-2025SEASON SERIES TOTAL AUDIENCE: 65,787TOTAL EVENTS: 133

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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 $560,828

Program Service Revenue $2,400,201

Investment Income $7,423

Other Revenue $0

TOTAL REVENUE $2,968,452

Expense Breakdown

Grants Paid $0

Salaries & Benefits $891,616

Fundraising Expenses $0

Program Expenses $1,795,019

Other Expenses $2,147,607

TOTAL EXPENSES $3,039,223

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,968,452	$3,151,799	-0.1%
Expenses	$3,039,223	$2,888,045	+0.1%
Net Income	$-70,771	$263,754	-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

$144,792

Total Directors

$30,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES QUINLAN - BOARD MEMBER	SENIOR ADVISOR AS OF 10/24	40.00	Director	$30,000	$0	$30,000
DARA SCHOENWALD	BOARD PRESIDENT	1.00	Officer Director	$0	$0	$0
MARSHALL PASTERNACK	BOARD VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT GLICK	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
DONALD WORTH	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
KARLA ARGUELLO	DIRECTOR	1.00	Director	$0	$0	$0
ALEX BLAVATNIK	DIRECTOR	1.00	Director	$0	$0	$0
KATYA BRAVO	DIRECTOR	1.00	Director	$0	$0	$0
TRACY COLDEN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN FLICKINGER	DIRECTOR AS OF 10/24	1.00	Director	$0	$0	$0
NIESEN KASDIN	DIRECTOR	1.00	Director	$0	$0	$0
DANA KULVIN	DIRECTOR	1.00	Director	$0	$0	$0
ARAMIS LORIE	DIRECTOR	1.00	Director	$0	$0	$0
PEDRO MENOCAL	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE OROSZ	DIRECTOR AS OF 10/24	1.00	Director	$0	$0	$0
RIGOBERTO RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
SHILPA SANGER	DIRECTOR	1.00	Director	$0	$0	$0
VANESSA STEINBERG	DIRECTOR	1.00	Director	$0	$0	$0
JASON WIESENFELD	DIRECTOR	1.00	Director	$0	$0	$0
ADAM GANUZA	EXECUTIVE DIRECTOR	40.00	Officer	$88,542	$0	$88,542
LAURA QUINLAN	PROGRAM DIRECTOR, CFO	40.00	Officer	$56,250	$0	$56,250

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	$2,968,452	$3,039,223	$2,118,414	$-70,771
2024	$3,151,799	$2,888,045	$1,963,972	$263,754
2023	$3,095,137	$2,866,065	$1,674,572	$229,072
2022	$2,865,693	$2,245,298	$1,314,664	$620,395
2021	$1,364,749	$1,303,444	$884,665	$61,305
2020	$857,602	$825,313	$373,598	$32,289
2020	$871,800	$839,511	$373,598	$32,289
2019	$1,351,714	$1,282,353	$256,188	$69,361
2018	$1,223,908	$1,230,786	$117,866	$-6,878