FRIENDS OF SOUTH FLORIDA MUSIC INC (EIN 814918286) - 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

2016

Legal Domicile

Principal Officer

RICHARD CANNON

Phone

7863343539

Tax Period

2025-01-01 to 2025-12-31

FRIENDS OF SOUTH FLORIDA MUSIC INC, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $384K in total revenue in fiscal year 2025. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $100K, a strong 26% operating margin.

Mission

FRIENDS OF SOUTH FLORIDA MUSIC (FSFM) PROMOTES MUSIC EDUCATION AND DEVELOPMENT FOR CHILDREN OF ALL AGES AND ABILITIES IN UNDERSERVED AREAS OF MIAMI-DADE COUNTY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $344,558

Program Service Revenue $34,358

Investment Income $4,716

Other Revenue $0

TOTAL REVENUE $383,632

Expense Breakdown

Grants Paid $0

Salaries & Benefits $120,884

Fundraising Expenses $12,820

Program Expenses $171,979

Other Expenses $162,481

TOTAL EXPENSES $283,365

Year-over-Year Comparison

	2025	2024	Change
Revenue	$383,632	$277,654	+0.4%
Expenses	$283,365	$273,557	+0.0%
Net Income	$100,267	$4,097	+23.5%

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

Volunteers

125

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

$77,950

Total Directors

$77,950

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOY GALLIFORD	EXECUTIVE DI	40.00	Officer Director	$77,950	$0	$77,950
RAINE CALVA	DIRECTOR	4.00	Director	$0	$0	$0
RICHARD CANNON	TREASURER	5.00	Officer Director	$0	$0	$0
KAYLAN DOMOND	DIRECTOR	1.00	Director	$0	$0	$0
NIBALDO MORALES	DIRECTOR	1.00	Director	$0	$0	$0
ROBERTO RAMIREZ	DIRECTOR	1.00	Director	$0	$0	$0
GRACE ZHAI	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
2025	$383,632	$283,365	$427,084	$100,267
2024	$277,654	$273,557	$432,751	$4,097
2023	$272,152	$223,400	$313,498	$48,752
2022	$221,704	$137,513	$264,746	$84,191

FRIENDS OF SOUTH FLORIDA MUSIC INC