KEY WEST FILM SOCIETY INC

EIN: 650903672 501(c)(3) Arts, Culture & Humanities

Key West, FL

Total Revenue
$818,105
Total Expenses
$1,056,820
Total Assets
$849,911
Net Assets
$482,536
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
FL
Principal Officer
Benjamin Egnatz
Phone
3053964944
Tax Period
2024-10-01 to 2025-09-30

KEY WEST FILM SOCIETY INC, founded in 1999, is a small nonprofit in the Arts, Culture & Humanities sector that reported $818K in total revenue in fiscal year 2024. Expenses of $1.1M exceeded revenue, resulting in a 29% operating deficit.

Mission

To promote moving-picture media as an essential art form to educate and engage members and visitors through the presentation of film, video, and new media. To maintain and develop Tropic Cinema as the principal venue for the Key West Film Society with respect to technology, aesthetics, and amenities. To educate, entertain, and enlighten KWFS members and audiences about projected arts through the presentation of film, video, and new media otherwise unavailable to Lower Keys audiences.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $336,864
Program Service Revenue $480,290
Investment Income $951
Other Revenue $0
TOTAL REVENUE $818,105

Expense Breakdown

Grants Paid $0
Salaries & Benefits $337,123
Fundraising Expenses $189,241
Program Expenses $843,497
Other Expenses $719,697
TOTAL EXPENSES $1,056,820

Year-over-Year Comparison

2024 2023 Change
Revenue $818,105 $854,672 0.0%
Expenses $1,056,820 $1,056,056 +0.0%
Net Income $-238,715 $-201,384 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
13
Volunteers
85

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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Terrence George Director 3
Director
$0 $0 $0
Holly Merrill Director 3
Director
$0 $0 $0
Leo Waters Director 3.00
Director
$0 $0 $0
Laurie McChesney Director 3
Director
$0 $0 $0
Wally Senney Director 10
Director
$0 $0 $0
Derek deBoer Director 1
Director
$0 $0 $0
Michael Nelson Director Emeritus 5
Director
$0 $0 $0
Michael Blades Vice Chair 10
Officer
$0 $0 $0
Benjamin Egnatz Board Chair 20
Officer
$0 $0 $0
Julio Torrado Secretary 3
Officer
$0 $0 $0
David Atkinson Treasurer 5
Officer
$0 $0 $0
George Cooper Director Emeritus 3
$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
2025 $818,105 $1,056,820 $849,911 $-238,715
2024 $854,672 $1,056,056 $1,224,121 $-201,384
2023 $724,231 $1,041,919 $1,542,488 $-317,688
2022 $635,587 $1,048,983 $1,254,639 $-413,396
2021 $1,122,205 $765,793 $1,685,806 $356,412
2020 $818,776 $1,198,558 $1,469,749 $-379,782
2019 $1,616,931 $1,840,664 $1,735,319 $-223,733
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