FLORIDA WINEFEST AND AUCTION INC

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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

REBECCA U STONER

Phone

9419521109

Tax Period

2023-10-01 to 2024-09-30

FLORIDA WINEFEST AND AUCTION INC, founded in 1991, is a micro nonprofit in the Human Services sector that reported $31K in total revenue in fiscal year 2023. Revenue fell 82% from the prior year — a significant decline worth monitoring. Expenses of $241K exceeded revenue, resulting in a 682% operating deficit.

Mission

FLORIDA WINEFEST AND AUCTION EXISTS TO PROVIDE FUNDING TO QUALIFIED CHARITABLE ORGANIZATIONS FOR PROGRAMS ASSISTING DISADVANTAGED CHILDREN, YOUTH AND FAMILIES IN SARASOTA AND MANATEE COUNTIES.

Program Service Accomplishments

Program 1

Expenses: $207,961 Revenue: $1,000

THE FLORIDA WINEFEST & AUCTION, INC. PROVIDES FUNDING FOR PROGRAMS BENEFITING LOCAL CHARITABLE ORGANIZATIONS WHICH ASSIST DISADVANTAGED CHILDREN, YOUTH AND FAMILIES. PROGRAMS IN THE PAST HAVE...

THE FLORIDA WINEFEST & AUCTION, INC. PROVIDES FUNDING FOR PROGRAMS BENEFITING LOCAL CHARITABLE ORGANIZATIONS WHICH ASSIST DISADVANTAGED CHILDREN, YOUTH AND FAMILIES. PROGRAMS IN THE PAST HAVE INCLUDED (BUT NOT LIMITED TO) FUNDING TO PURCHASE BABY BEDS/STROLLERS/HIGHCHAIRS, TEMPORARY HOUSING FOR HOMELESS FAMILIES/CHILDREN, AFTER-SCHOOL EDUCATIONAL PROGRAMS/HOMEWORK TO KEEP CHILDREN OFF THE STREETS, AFTER-SCHOOL NUTRITIONAL FOOD PROGRAMS FOR LOW-INCOME CHILDREN, SCHOOL SUPPLIES, COUNSELING FOR TEENAGE MOTHERS, PARENTING CLASSES FOR TEENAGERS.

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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 $52,700

Program Service Revenue $0

Investment Income $2,692

Other Revenue $-24,621

TOTAL REVENUE $30,771

Expense Breakdown

Grants Paid $100,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $207,961

Other Expenses $140,780

TOTAL EXPENSES $240,780

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,771	$175,113	-0.8%
Expenses	$240,780	$239,539	+0.0%
Net Income	$-210,009	$-64,426	+2.3%

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
CHRISTOPHER COVELLI	BOARD MEMBER	1.00	Director	$0	$0	$0
CLAYTON DALEY	BOARD MEMBER	1.00	Director	$0	$0	$0
TREY DESENBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
JUDY FIALA	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL MATTISON	BOARD MEMBER	1.00	Director	$0	$0	$0
JACK MCKISSOCK	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES SHEDIVY	BOARD MEMBER	1.00	Director	$0	$0	$0
SANDRA LOEVNER	PRESIDENT	2.00	Officer Director	$0	$0	$0
CATHERINE RUSTIN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BECKIE STONER	TREASURER	2.00	Officer Director	$0	$0	$0
LINDY SMITH	SECRETARY	2.00	Officer 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	$30,771	$240,780	$190,591	$-210,009
2023	$175,113	$239,539	$385,558	$-64,426
2022	$114,920	$14,382	$429,211	$100,538
2021	$221,970	$114,204	$381,367	$107,766
2020	$222,397	$240,507	$300,684	$-18,110
2019	$286,388	$261,850	$302,371	$24,538
2018	$323,479	$304,125	$304,272	$19,354