AMERICAN FRIENDS OF FLORENCE MUSIC INC

EIN: 812522546 501(c)(3)

HOLLYWOOD, FL

Total Revenue
$22,691
Total Expenses
$119,892
Total Assets
$147,628
Net Assets
$147,628
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
DE
Principal Officer
CHARLES FOX MILLER
Phone
9549240300
Tax Period
2023-01-01 to 2023-12-31

AMERICAN FRIENDS OF FLORENCE MUSIC INC, founded in 2016, is a micro nonprofit that reported $23K in total revenue in fiscal year 2023. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $120K exceeded revenue, resulting in a 428% operating deficit.

Mission

THE ORGANIZATION SUPPORTS MUSIC EDUCATION AND OUTREACH INCLUDING: GRANTS TO DESERVING STUDENT MUSICIANS AND COMPOSERS IN THE UNITED STATES, WHO MEET THE ELIGIBILITY CRITERIA UNDER DESIGN; (CONTINUED AT SCHEDULE O) GRANTS TO ORCHESTRAS, BOTH DOMESTIC AND FOREIGN, FOR THE PURPOSE OF PERFORMING IN FLORENCE; GRANTS TO THE ORGANIZATIONS THAT ORGANIZE AND RUN CLASSICAL MUSIC ACTIVITIES AND PERFORMANCES IN FLORENCE

Program Service Accomplishments

Program 1
Expenses: $108,590

DURING 2023, THE AMERICAN FRIENDS OF FLORENCE MUSIC (AFFM) DISTRIBUTED TWO GRANTS TO TWO ITALIAN ORGANIZATIONS FOR THE REALIZATION OF A CONCERT SERIES AND RECORDINGS .

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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 (2023)

Revenue Breakdown

Contributions & Grants $22,691
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $22,691

Expense Breakdown

Grants Paid $108,590
Salaries & Benefits $6,000
Fundraising Expenses $0
Program Expenses $108,590
Other Expenses $5,302
TOTAL EXPENSES $119,892

Year-over-Year Comparison

2023 2022 Change
Revenue $22,691 $86,066 -0.7%
Expenses $119,892 $977,613 -0.9%
Net Income $-97,201 $-891,547 -0.9%
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
8

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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES F MILLER DIRECTOR 1.00
Officer Director
$0 $0 $0
ALAN VICKERY DIRECTOR, TREASURER 1.00
Officer Director
$0 $0 $0
ROBERT M BAER DIRECTOR, SECRETARY 1.00
Officer Director
$0 $0 $0
JEFFREY DEVOR THICKMAN DIRECTOR 1.00
Director
$0 $0 $0
CHARLES FOX MILLER DIRECTOR, PRESIDENT 1.00
Director
$0 $0 $0
AMY HABIE DIRECTOR 1.00
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
2023 $22,691 $119,892 $147,628 $-97,201
2022 $86,066 $977,613 $244,829 $-891,547
2021 $1,643,471 $664,447 $1,136,376 $979,024
2020 $100,800 $156,236 $157,352 $-55,436
2019 $36,800 $1,542 $212,788 $35,258
2018 $135,236 $233 $177,530 $135,003
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