THE MIAMI FOUNDATION INC (EIN 650350357) - 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

1967

Legal Domicile

Principal Officer

REBECCA FISHMAN LIPSEY

Phone

3053712711

Tax Period

2024-01-01 to 2024-12-31

THE MIAMI FOUNDATION INC, founded in 1967, is a major nonprofit in the Philanthropy & Grantmaking sector that reported $138.6M in total revenue in fiscal year 2024. Net assets of $494.2M represent 43 months of operating reserves.

Mission

STRENGTHEN MIAMI THROUGH PHILANTHROPY, LEADERSHIP, AND COMMUNITY ENGAGEMENT.

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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 $101,570,438

Program Service Revenue $2,205,659

Investment Income $34,361,603

Other Revenue $461,850

TOTAL REVENUE $138,599,550

Expense Breakdown

Grants Paid $131,900,957

Salaries & Benefits $6,035,301

Fundraising Expenses $1,640,893

Program Expenses $137,746,997

Other Expenses $6,529,891

TOTAL EXPENSES $144,466,149

Year-over-Year Comparison

	2024	2023	Change
Revenue	$138,599,550	$133,524,071	+0.0%
Expenses	$144,466,149	$79,026,991	+0.8%
Net Income	$-5,866,599	$54,497,080	-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

$708,617

Total Directors

Key Employees

$772,808

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHELDON T ANDERSON	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
DR NELSON L ADAMS III	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BEN BEAVERS	TREASURER	1.00	Officer Director	$0	$0	$0
REBEKAH MONSON	SECRETARY	1.00	Officer Director	$0	$0	$0
YOLANDA BERKOWITZ	TRUSTEE	1.00	Director	$0	$0	$0
KAREEM BRANTLEY	TRUSTEE	1.00	Director	$0	$0	$0
JARET DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
AARON GORDON	TRUSTEE	1.00	Director	$0	$0	$0
CAROLE F HALL	TRUSTEE	1.00	Director	$0	$0	$0
ERIN KNIGHT	TRUSTEE	1.00	Director	$0	$0	$0
MELISSA MEDINA	TRUSTEE	1.00	Director	$0	$0	$0
GRACE MEAD	TRUSTEE	1.00	Director	$0	$0	$0
RODRICK T MILLER	TRUSTEE	1.00	Director	$0	$0	$0
RAUL MOAS	TRUSTEE	1.00	Director	$0	$0	$0
NITIN MOTWANI	TRUSTEE	1.00	Director	$0	$0	$0
KEN O'KEEFE	TRUSTEE	1.00	Director	$0	$0	$0
MADELINE PUMARIEGA	TRUSTEE	1.00	Director	$0	$0	$0
JULIA QUINN	TRUSTEE	1.00	Director	$0	$0	$0
KERRY-ANN ROYES	TRUSTEE	1.00	Director	$0	$0	$0
ABIGAIL C WATTS-FITZGERALD	TRUSTEE	1.00	Director	$0	$0	$0
PILAR GUZMAN ZAVALA	TRUSTEE	1.00	Director	$0	$0	$0
REBECCA FISHMAN LIPSEY	PRESIDENT AND CEO	50.00	Officer	$462,871	$37,126	$499,997
TOBY DOUTHWRIGHT	VP FOR FINANCE AND CFO EFF 2/24	50.00	Officer	$188,089	$20,531	$208,620
LINDSEY LINZER	VP OF COMMUNITY INVESTMENT	50.00	Key Emp	$164,358	$23,655	$188,013
NIKISHA WILLIAMS	VP OF COLLECTIVE IMPACT	50.00	Key Emp	$152,565	$18,230	$170,795
DALE R ANGLIN	DIRECTOR (PRESS FORWARD)	50.00	Key Emp	$188,491	$16,171	$204,662
JOCELYN NOYA QUINTANA	VP OF STRATEGIC COMMUNICATIONS	50.00	Key Emp	$180,754	$28,584	$209,338
JANELL KAPLAN	VP OF PHILANTHROPY THRU 8/24	50.00	Highest	$115,132	$7,817	$122,949
FRANCISCO GOZALO	CONTROLLER	50.00	Highest	$135,127	$28,576	$163,703
BRITTANY GRACE MORGAN	SR. DIRECTOR OF ECONOMIC RESILIENCE	50.00	Highest	$115,795	$16,118	$131,913
MELISSA SZAJA	PHILANTHROPY DIRECTOR	50.00	Highest	$115,469	$15,904	$131,373
CHRISTINA GRACE SHIH	ASSOC. DIRECTOR (PRESS FORWARD) 4/24	50.00	Highest	$129,693	$11,582	$141,275

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	$138,599,550	$144,466,149	$565,217,598	$-5,866,599
2023	$133,524,071	$79,026,991	$524,999,533	$54,497,080
2022	$113,981,496	$81,136,698	$438,006,992	$32,844,798
2021	$147,324,669	$70,287,015	$460,864,709	$77,037,654
2020	$73,742,948	$83,051,681	$375,583,177	$-9,308,733
2019	$71,214,256	$68,006,929	$358,919,569	$3,207,327
2018	$80,485,028	$67,556,703	$323,872,937	$12,928,325

THE MIAMI FOUNDATION INC