COMMUNITY FOUNDATION OF THE FLORID… - Form 990 Financial Data

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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

1996

Principal Officer

ELIZABETH BROWN

Phone

3052921502

Tax Period

2024-01-01 to 2024-12-31

COMMUNITY FOUNDATION OF THE FLORIDA KEYS, founded in 1996, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $6.6M in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.6M, a strong 39% operating margin.

Mission

TO CONNECT PEOPLE, RESOURCES AND NEEDS THROUGH PHILANTHROPY.

Program Service Accomplishments

Program 1

Expenses: $3,639,345 Revenue: $392,616

GENERAL PHILANTHROPY THE COMMUNITY FOUNDATION'S MISSION IS TO MAKE THE FLORIDA KEYS A BETTER PLACE TO LIVE NOW AND IN THE FUTURE BY FOSTERING PHILANTHROPY AND ACTIVELY CONNECTING COMMUNITY NEEDS TO RESOURCES. IN 2024, TOGETHER WITH OUR DONORS AND FUNDHOLDERS, THE FOUNDATION AWARDED 553 GRANTS AND SCHOLARSHIPS TOTALING 2.95 MILLION TO SUPPORT A WIDE RANGE OF CAUSES, INCLUDING ARTS AND CULTURE, EDUCATION, ENVIRONMENTAL PRESERVATION, HEALTH AND HUMAN SERVICES, HOUSING, MUSIC, RECREATION, YOUTH DEVELOPMENT, ANIMAL WELFARE, SCHOLARSHIPS, AND TEACHER RECOGNITION. OUR ANNUAL GRANTS PROGRAM EXPANDED TO 784,000 IN 2024, REPRESENTING A 57% INCREASE OVER 2023-DRIVEN LARGELY BY THE GENEROSITY OF OUR DONOR-ADVISED FUNDHOLDERS. THE FOUNDATION ALSO PRIORITIZED LONG-TERM SUSTAINABILITY BY FOCUSING ON THE GROWTH OF PERMANENT LEGACY FUNDS. BY YEAR-END, WE HAD SECURED OVER 45 MILLION IN FUTURE PLANNED GIVING COMMITMENTS FOR THE BENEFIT OF THE FLORIDA KEYS. IN ADDITION TO DONOR-DIRECTED PHILANTHROPY, THE FOUNDATION SUPPORTS LOCAL NONPROFIT ORGANIZATIONS BY HELPING THEM ESTABLISH PERMANENT ENDOWMENT AND OPERATIONAL RESERVE FUNDS. IN 2024, 27 NEW FUNDS WERE OPENED, INCLUDING 2 NEW PERMANENT ENDOWMENTS CREATED TO BENEFIT THE FLORIDA KEYS IN PERPETUITY.

Program 2

Expenses: $81,671 Revenue: $13,825

CENTER FOR NONPROFIT EXCELLENCE A CORE PILLAR OF THE FOUNDATION'S MISSION IS STRENGTHENING THE NONPROFIT SECTOR TO ENSURE A VIBRANT AND EFFECTIVE ECOSYSTEM OF SERVICES THROUGHOUT THE KEYS. THROUGH...

CENTER FOR NONPROFIT EXCELLENCE A CORE PILLAR OF THE FOUNDATION'S MISSION IS STRENGTHENING THE NONPROFIT SECTOR TO ENSURE A VIBRANT AND EFFECTIVE ECOSYSTEM OF SERVICES THROUGHOUT THE KEYS. THROUGH OUR CENTER FOR NONPROFIT EXCELLENCE, WE PROVIDE ESSENTIAL TOOLS, TRAINING, AND SUPPORT TO HELP ORGANIZATIONS LEAD WITH PURPOSE AND IMPACT. KEY PROGRAMS INCLUDE OUR LEADERSHIP SUCCESS ACADEMY, WHICH EQUIPS NONPROFIT LEADERS AND BOARD MEMBERS WITH FOUNDATIONAL LEADERSHIP AND GOVERNANCE SKILLS. IN 2024, 33 NONPROFIT LEADERS COMPLETED THE TWO-DAY PROGRAM, HELD IN MARCH AT THE FLORIDA KEYS HISTORY AND DISCOVERY CENTER IN ISLAMORADA. WE ALSO HOSTED THE THIRD ANNUAL FLORIDA KEYS NONPROFIT DAY, A COLLABORATIVE INITIATIVE OF THE FLORIDA KEYS FUNDERS' ALLIANCE. THIS FREE PROFESSIONAL DEVELOPMENT SUMMIT BROUGHT TOGETHER OVER 141 NONPROFIT PROFESSIONALS AT THE MARATHON COMMUNITY THEATER IN SEPTEMBER FOR SKILL-BUILDING WORKSHOPS AND NETWORKING. TO FURTHER STRENGTHEN THE NONPROFIT WORKFORCE, THE FOUNDATION HELD ITS 24TH ANNUAL UNSUNG HEROES CELEBRATION IN FEBRUARY, RECOGNIZING THE OUTSTANDING CONTRIBUTIONS OF 91 VOLUNTEERS FROM ORGANIZATIONS ACROSS THE KEYS. ________________________________________

Program 3

UNMET COMMUNITY NEEDS THE FOUNDATION REMAINS COMMITTED TO IDENTIFYING AND ADDRESSING THE EVOLVING AND OFTEN UNMET NEEDS OF THE FLORIDA KEYS. WE WORK IN CLOSE PARTNERSHIP WITH LOCAL ORGANIZATIONS AND COMMUNITY MEMBERS TO ENSURE THAT ALL AREAS OF THE KEYS ARE EQUITABLY SERVED. IN 2024, THE FOUNDATION CONTINUED TO SUPPORT ITS REGIONAL ADVISORY COUNCILS IN THE UPPER, MIDDLE, AND LOWER KEYS, PROVIDING LOCAL INSIGHT AND GUIDANCE TO SHAPE GRANT MAKING AND OUTREACH EFFORTS. A ONE-TO-ONE MATCHING INITIATIVE REMAINED IN PLACE THROUGHOUT THE YEAR, DOUBLING THE IMPACT OF DONATIONS MADE TO EACH OF THE THREE REGIONAL FUTURE FUNDS. THESE FUNDS COLLECTIVELY INVESTED 44,100 IN LOCAL GRANT MAKING IN 2024. REFLECTING OUR ONGOING COMMITMENT TO COUNTY-WIDE LEADERSHIP, THE BOARD APPOINTED ITS FIRST CHAIR BASED OUTSIDE OF KEY WEST-RESIDING IN KEY LARGO- AND HIRED A NEW CEO BASED IN ISLAMORADA. AT THE SAME TIME, WE CONTINUE TO MAINTAIN OUR OFFICES AND STAFF IN KEY WEST, ENSURING A STRONG PRESENCE AND ACCESSIBILITY IN THE LOWER KEYS AND KEY WEST. THESE STRATEGIC MOVES REINFORCE THE FOUNDATION'S DEDICATION TO SERVING THE ENTIRE MONROE COUNTY COMMUNITY AND MEETING NEEDS THROUGHOUT THE KEYS AS THE ORGANIZATION CONTINUES TO GROW.

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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 $4,340,179

Program Service Revenue $406,441

Investment Income $1,839,459

Other Revenue $17,000

TOTAL REVENUE $6,603,079

Expense Breakdown

Grants Paid $2,906,073

Salaries & Benefits $371,304

Fundraising Expenses $172,406

Program Expenses $3,721,016

Other Expenses $743,154

TOTAL EXPENSES $4,020,531

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,603,079	$8,297,039	-0.2%
Expenses	$4,020,531	$3,716,205	+0.1%
Net Income	$2,582,548	$4,580,834	-0.4%

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

N/A

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
ELIZABETH BROWN	PRESIDENT &	40.00	Director	$0	$0	$0
MARIAN BUCCAFURNI	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT HIGHSMITH	DIRECTOR	2.00	Director	$0	$0	$0
WARREN LEAMARD	DIRECTOR	2.00	Director	$0	$0	$0
LAURA LIETAERT	CHAIR	2.00	Director	$0	$0	$0
HEIDI MORRIS	DIRECTOR	2.00	Director	$0	$0	$0
LARRY NOLT	DIRECTOR	2.00	Director	$0	$0	$0
KEN SILVERMAN	DIRECTOR	2.00	Director	$0	$0	$0
ANDREA SPOTTSWOOD	TREASURER	2.00	Officer Director	$0	$0	$0
ROBYN STILL	DIRECTOR	2.00	Director	$0	$0	$0
JODI WEINHOFER	SECRETARY	2.00	Officer Director	$0	$0	$0
ISIS WRIGHT	DIRECTOR	2.00	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	$6,603,079	$4,020,531	$33,814,856	$2,582,548
2023	$8,297,039	$3,716,205	$29,010,748	$4,580,834
2022	$-626,007	$2,960,673	$24,430,646	$-3,586,680
2021	$10,913,150	$2,359,830	$28,054,923	$8,553,320
2020	$2,408,265	$2,119,536	$23,454,207	$288,729
2019	$4,995,601	$2,502,170	$20,644,870	$2,493,431
2018	$3,444,484	$2,303,547	$15,835,091	$1,140,937

COMMUNITY FOUNDATION OF THE FLORIDA KEYS