VERO BEACH WINE AND FILM FESTIVAL INC VERO BEACH FILM FESTIVAL

EIN: 823287885 501(c)(3) Arts, Culture & Humanities

VERO BEACH, FL

Total Revenue
$166,237
Total Expenses
$184,363
Total Assets
$101,014
Net Assets
$-66,158
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
FL
Principal Officer
DAVID YAKIR
Phone
7724442827
Tax Period
2023-01-01 to 2023-12-31

VERO BEACH WINE AND FILM FESTIVAL INC VERO BEACH FILM FESTIVAL, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $166K in total revenue in fiscal year 2023. Expenses of $184K exceeded revenue, resulting in a 11% operating deficit.

Mission

THE MISSION OF THE VERO BEACH WINE AND FILM FESTIVAL IS TO CONNECT ARTISTS AND AUDIENCES TO CREATE INSPIRED ACTION. IT CELEBRATES INDEPENDENT CINEMATIC STORYTELLING AND ENRICHES THE COMMUNITY CULTURALLY AND ECONOMICALLY. THE ANNUAL WORLD-CLASS INTERNATIONAL FILM FESTIVAL HAS GROWN INTO A COMMUNITY ARTS ORGANIZATION WHICH PRESENTS COMPELLING PROGRAMMING THROUGHOUT THE YEAR. INCREASE OVERALL TOURISM IN INDIAN RIVER COUNTY BY BRINGING TOGETHER WINE, FOOD AND FILM AND GIVING INDIAN RIVER COUNTY RESIDENTS THE OPPORTUNITY TO SUPPORT THE GROWTH OF INDEPENDENT FILMMAKING WORLDWIDE. THE EXHIBITIONS OF INDEPENDENT FILMS ARE ENJOYED BY 2500+ INDIVIDUALS YEAR-ROUND.

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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 $38,969
Program Service Revenue $127,097
Investment Income $171
Other Revenue $0
TOTAL REVENUE $166,237

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $224
Program Expenses $167,380
Other Expenses $184,363
TOTAL EXPENSES $184,363

Year-over-Year Comparison

2023 2022 Change
Revenue $166,237 $165,541 +0.0%
Expenses $184,363 $164,339 +0.1%
Net Income $-18,126 $1,202 -16.1%
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
6
Independent Members
6
Employees
N/A
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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID YAKIR PRESIDENT 60.00
Officer Director
$0 $0 $0
GARY MASTRO SECRETARY 10.00
Officer Director
$0 $0 $0
KELLY P KITE JR DIRECTOR 10.00
Director
$0 $0 $0
ANTHONY ARUFFO TREASURER 10.00
Officer Director
$0 $0 $0
HEATHER STAPLETON DIRECTOR 5.00
Director
$0 $0 $0
XAQUE GRUBER DIRECTOR 5.00
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 No data No data No data No data
2023 $166,237 $184,363 $101,014 $-18,126
2022 $165,541 $164,339 $100,511 $1,202
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