Pompano Beach Seafood Festival Corp (EIN 650398663) - 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

1992

Legal Domicile

Principal Officer

GEORGE M DANA

Phone

9545707785

Tax Period

2023-10-01 to 2024-09-30

Pompano Beach Seafood Festival Corp, founded in 1992, is a small nonprofit that reported $318K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $369K exceeded revenue, resulting in a 16% operating deficit.

Mission

To receive and distribute funds for the promotion of the social welfare of Pompano Beach, Florida community and to provide funds to other organizations to be used in carrying out such purposes.

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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 $767

Program Service Revenue $317,610

Investment Income $0

Other Revenue $0

TOTAL REVENUE $318,377

Expense Breakdown

Grants Paid $60,328

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $360,460

Other Expenses $308,978

TOTAL EXPENSES $369,306

Year-over-Year Comparison

	2023	2022	Change
Revenue	$318,377	$428,198	-0.3%
Expenses	$369,306	$430,048	-0.1%
Net Income	$-50,929	$-1,850	+26.5%

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	Role	Reportable Comp	Other Comp	Total
Lawrence Mellgren	President	Officer Director	$0	$0	$0
George M Dana	Treasurer	Officer Director	$0	$0	$0
Tom Waldo	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
2024	$318,377	$369,306	No data	$-50,929
2023	$428,198	$430,048	$50,929	$-1,850
2022	$525,253	$487,103	$52,779	$38,150
2019	$434,482	$436,332	$33,150	$-1,850
2018	$489,745	$491,595	$32,729	$-1,850

Pompano Beach Seafood Festival Corp