KIWANIS CLUB OF BRADENTON FOUNDATION INC (EIN 650221660) - 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

1990

Legal Domicile

Principal Officer

JOHN VITA

Phone

9417458300

Tax Period

2023-10-01 to 2024-09-30

KIWANIS CLUB OF BRADENTON FOUNDATION INC, founded in 1990, is a small nonprofit in the Education sector that reported $492K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $667K exceeded revenue, resulting in a 36% operating deficit.

Mission

THE PURPOSE OF THE FOUNDATION IS TO OPERATE A CHARITABLE FOUNDATION TO ACCEPT DONATIONS; TO MANAGE THE INVESTMENTS DERIVED FROM THE DONATIONS; AND TO EXPEND THE INCOME DERIVED FROM SUCH INVESTMENTS TO ASSIST NEEDY PERSONS, PARTICULARLY YOUNG PEOPLE, IN ATTAINING VOCATIONAL EXCELLENCE, AND TO AID HANDICAPPED PERSONS IN REGAINING HAPPY, USEFUL LIVES, EITHER DIRECTLY OR BY FURNISHING THE FUNDS TO OTHER ORGANIZATIONS ORGANIZED FOR CHARITABLE, EDUCATIONAL, RELIGIOUS OR OTHER QUALIFIED PUBLIC PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

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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 $31,790

Program Service Revenue $0

Investment Income $460,486

Other Revenue $0

TOTAL REVENUE $492,276

Expense Breakdown

Grants Paid $550,000

Salaries & Benefits $19,104

Fundraising Expenses $7,539

Program Expenses $550,000

Other Expenses $98,162

TOTAL EXPENSES $667,266

Year-over-Year Comparison

	2023	2022	Change
Revenue	$492,276	$756,839	-0.3%
Expenses	$667,266	$1,237,613	-0.5%
Net Income	$-174,990	$-480,774	-0.6%

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

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

$19,454

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN TUCKER JR	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BISHOP	DIRECTOR	1.00	Director	$0	$0	$0
DAWN STANHOPE	SECRETARY	1.00	Officer Director	$0	$0	$0
MIKE MCCOY	DIRECTOR	1.00	Director	$0	$0	$0
GILBERT SMITH	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BASSETT	DIRECTOR	2.00	Director	$0	$0	$0
BYRON SHINN	TREASURER	1.00	Officer Director	$0	$0	$0
ED NICHOLAS	DIRECTOR	1.00	Director	$0	$0	$0
TOM SEGUIN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
NEIL UNRUH	DIRECTOR	1.00	Director	$0	$0	$0
JOHN R VITA	PRESIDENT	2.00	Officer Director	$0	$0	$0
MAC CARRAWAY	EXECUTIVE DIRECTOR	1.00	Officer	$19,454	$0	$19,454

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
2024	$492,276	$667,266	$14,068,450	$-174,990
2023	$756,839	$1,237,613	$11,618,063	$-480,774
2022	$837,534	$628,162	$11,264,877	$209,372
2021	$936,027	$619,361	$14,601,502	$316,666
2020	$446,404	$449,625	$12,527,004	$-3,221
2019	$547,149	$571,349	$11,818,392	$-24,200
2018	$2,865,221	$623,484	$12,052,099	$2,241,737

KIWANIS CLUB OF BRADENTON FOUNDATION INC