VISITOR INDUSTRY HUMAN RESOURCE DEVELOPMENT COUNCIL INC (EIN 650329273) - 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

1991

Legal Domicile

Principal Officer

JOSEPH YARZABAL

Phone

3055393032

Tax Period

2023-10-01 to 2024-09-30

VISITOR INDUSTRY HUMAN RESOURCE DEVELOPMENT COUNCIL INC, founded in 1991, is a small nonprofit in the Education sector that reported $252K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $47K, a strong 19% operating margin.

Mission

The organization assists in securing funding, providing mentoring, advocacy, and other assistance to scholarship recipients who wish to be employed in the visitor industry of Greater Miami and Miami Beach.

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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 $120,840

Program Service Revenue $0

Investment Income $15,871

Other Revenue $115,268

TOTAL REVENUE $251,979

Expense Breakdown

Grants Paid $89,226

Salaries & Benefits $0

Fundraising Expenses $115,268

Program Expenses $89,226

Other Expenses $115,268

TOTAL EXPENSES $204,494

Year-over-Year Comparison

	2023	2022	Change
Revenue	$251,979	$208,406	+0.2%
Expenses	$204,494	$114,656	+0.8%
Net Income	$47,485	$93,750	-0.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Retha Boone Fry	Vice Chair	1	Director	$0	$0	$0
Desmond Alufohai	Chairman	1	Director	$0	$0	$0
Joseph Yarzabal	Treasurer	1	Director	$0	$0	$0
David Whitaker	Director	1	Director	$0	$0	$0
William Anderson	Director	1	Director	$0	$0	$0
Allison Austin	Director	1	Director	$0	$0	$0
Rick Beasley	Director	1	Director	$0	$0	$0
Roseline Bien-Aime	Director	1	Director	$0	$0	$0
David Countin	Director	1	Director	$0	$0	$0
Bill Diggs	Director	1	Director	$0	$0	$0
Nashara Frazier	Director	1	Director	$0	$0	$0
Yvette Harris	Director	1	Director	$0	$0	$0
Karen Hunter-Jackson	Director	1	Director	$0	$0	$0
Julie Kennedy	Director	1	Director	$0	$0	$0
Connie Kinnard	Director	1	Director	$0	$0	$0
Eric Knowles	Director	1	Director	$0	$0	$0
Katherine Martin	Director	1	Director	$0	$0	$0
Gale Nelson	Director	1	Director	$0	$0	$0
Debra Owens	Director	1	Director	$0	$0	$0
Samer Hassen	Director	1	Director	$0	$0	$0
Ed Ponder	Director	1	Director	$0	$0	$0
Heather Shaw	Director	1	Director	$0	$0	$0
Carole Ann Taylor	Director	1	Director	$0	$0	$0
Ashley Gillis Williams	Director	1	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
2024	$251,979	$204,494	$725,560	$47,485
2023	$208,406	$114,656	$682,092	$93,750
2022	$173,473	$114,785	$584,276	$58,688
2021	$549	$43,304	$544,867	$-42,755
2020	$50,552	$41,632	$578,663	$8,920

VISITOR INDUSTRY HUMAN RESOURCE DEVELOPMENT COUNCIL INC