HOLLYWOOD SALSA FESTIVAL INC

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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

2018

Legal Domicile

Principal Officer

CRITINA MOINELO

Phone

9549276988

Tax Period

2018-01-01 to 2018-12-31

HOLLYWOOD SALSA FESTIVAL INC, founded in 2018, is a micro nonprofit that reported $18K in total revenue in fiscal year 2018.

Mission

TO BRING LATIN MUSIC AND DANCE TO THE COMMUNITY AT LARGE INCLUDING ELDERLY ORGANZATIONS AND EDUCATIONAL EVENTS

Program Service Accomplishments

Program 1

Expenses: $18,431 Revenue: $18,431

The Hollywood Salsa Festival and its founders Melina Almodovar and Cristina Moinelo have dedicated themselves to the mission of keeping Salsa Music alive and well in our society by dedicating one day a year in the beautiful city of Hollywood, Florida at Arts Park at Young Circle to celebrating and enjoying salsa music in all its forms. We welcome all of you salsa fans to our world of rumba, clave, and guaguanco for our 6th anniversary festival on Saturday, April 6th 2019, 300 pm at Arts Park at Young Circle, Hollywood FL. This event is free for all that want to enjoy the wonders of Salsa Music in all its forms Orchestras, dance performances, djs and more.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $18,431

TOTAL REVENUE $18,431

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $18,431

Other Expenses $18,431

TOTAL EXPENSES $18,431

Year-over-Year Comparison

	2018	2017	Change
Revenue	$18,431	N/A	N/A
Expenses	$18,431	N/A	N/A
Net Income	$0	N/A	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ISLA M ALMODOVAR	DIRECTOR	001.00	Director	$0	$0	$0
CRISTINA MOINELO	DIRECTOR	001.00	Director	$0	$0	$0
NELSON FRITZ	DIRECTOR	001.00	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
2018	$18,431	$18,431	No data	No data