BLACK VIOLIN FOUNDATION INC

EIN: 820827701 501(c)(3) Arts, Culture & Humanities

COOPER CITY, FL

Total Revenue
$103,252
Total Expenses
$77,662
Total Assets
$109,932
Net Assets
$109,932
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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
FL
Principal Officer
CORRYN FREEMAN
Tax Period
2024-01-01 to 2024-12-31

BLACK VIOLIN FOUNDATION INC, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $103K in total revenue in fiscal year 2024. Revenue fell 54% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $26K, a strong 25% operating margin.

Mission

EMPOWING YOUTH PROVIDING ACCESS TO MUSIC

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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 $103,252
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $103,252

Expense Breakdown

Grants Paid $800
Salaries & Benefits $47,679
Fundraising Expenses $0
Program Expenses $77,662
Other Expenses $11,465
TOTAL EXPENSES $77,662

Year-over-Year Comparison

2024 2023 Change
Revenue $103,252 $223,842 -0.5%
Expenses $77,662 $177,319 -0.6%
Net Income $25,590 $46,523 -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

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Governance

Voting Members
4
Independent Members
2
Employees
2
Volunteers
4

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
$44,200
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CORRYN FREEMAN VICE PRESIDENT 10.00
Officer
$22,100 $0 $22,100
ANNE SYLVESTER PRESIDENT 10.00
Officer
$22,100 $0 $22,100
KEVIN SYLVESTER DIRECTOR 1.00
Officer
$0 $0 $0
WILNER BAPTISTE DIRECTOR 1.00
Officer
$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 $103,252 $77,662 $109,932 $25,590
2023 $223,842 $177,319 $84,342 $46,523
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