MIAMI LIGHT PROJECT INC (EIN 650107810) - 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

1989

Legal Domicile

Principal Officer

ELIZABETH BOONE

Phone

3055764350

Tax Period

2024-09-01 to 2025-08-31

MIAMI LIGHT PROJECT INC, founded in 1989, is a small nonprofit that reported $785K in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum.

Mission

The Organization presents live performance by innovative dance, music and theater artists from around the world; supports the development of new work by South Florida-based

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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 $718,168

Program Service Revenue $37,926

Investment Income $28,834

Other Revenue $0

TOTAL REVENUE $784,928

Expense Breakdown

Grants Paid $0

Salaries & Benefits $430,632

Fundraising Expenses $17,754

Program Expenses $467,081

Other Expenses $333,534

TOTAL EXPENSES $764,166

Year-over-Year Comparison

	2024	2023	Change
Revenue	$784,928	$549,647	+0.4%
Expenses	$764,166	$896,682	-0.1%
Net Income	$20,762	$-347,035	-1.1%

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

$308,244

Total Directors

$150,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elizabeth Boone	Secretary & Executive Director	40.00	Officer Director	$150,000	$0	$150,000
Rhonda Mitrani	Board Member	5.00	Officer	$0	$0	$0
Benji Power	Board Member	5.00	Officer	$0	$0	$0
Roberto Saco	Treasurer	5.00	Officer Director	$0	$0	$0
Teo Castellanos	President	5.00	Officer Director	$0	$0	$0
Inez Barlatier	Board Member	5.00	Officer	$0	$0	$0
Regina Moore	Director of planning and development	40.00	Officer	$80,000	$0	$80,000
Terrence Brunn	Manager of Marketing Communications	40.00	Officer	$40,744	$0	$40,744
Eventz Paul	Manager of Programs and productions	40.00	Officer	$37,500	$0	$37,500

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	$784,928	$764,166	$131,680	$20,762
2023	$1,213,629	$1,157,842	$708,488	$55,787
2023	$1,213,629	$1,157,842	$708,488	$55,787
2022	$811,313	$887,398	$693,424	$-76,085
2021	$833,478	$726,672	$735,413	$106,806
2020	$651,586	$566,208	$554,609	$85,378
2019	$576,039	$517,126	$394,128	$58,913
2018	$482,098	$599,509	$396,623	$-117,411

MIAMI LIGHT PROJECT INC