VENICE NOKOMIS ROTARY FOUNDATION I… - Form 990 Financial Data

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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

1990

Phone

9418002424

Tax Period

2022-01-01 to 2022-12-31

VENICE NOKOMIS ROTARY FOUNDATION INC, founded in 1990, is a small nonprofit in the Education sector that reported $194K in total revenue in fiscal year 2022. The organization ran a surplus of $55K, a strong 28% operating margin.

Mission

Provide educational, vocational, rehabilitation opportunities for the youth of South Sarasota acounty, Florida and any other deserving persons of South Sarasota County, Florida.

Program Service Accomplishments

Program 1

Expenses: $137,516

Scholarships to non traditional students in the South Sarasota County area.

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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 (2022)

Revenue Breakdown

Contributions & Grants $113,064

Program Service Revenue $0

Investment Income $7,083

Other Revenue $73,437

TOTAL REVENUE $193,584

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $137,516

Other Expenses $138,767

TOTAL EXPENSES $138,767

Year-over-Year Comparison

	2022	2021	Change
Revenue	$193,584	N/A	N/A
Expenses	$138,767	N/A	N/A
Net Income	$54,817	N/A	N/A

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

N/A

Employees

N/A

Volunteers

N/A

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	Role	Reportable Comp	Other Comp	Total
Susan Hanks	President	Director	$0	$0	$0
DAVID PANKIW	PRES ELECT	Director	$0	$0	$0
RICH CIMO	Treasurer	Director	$0	$0	$0
JULIE STALNAKER	Secretary	Director	$0	$0	$0
TOM FITCH	Director	Director	$0	$0	$0
MARK MURRAY	Director	Director	$0	$0	$0
BARBARA FREEMAN	Director	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
2022	$193,584	$138,767	$304,784	$54,817

VENICE NOKOMIS ROTARY FOUNDATION INC