LONGBOAT KEY FOUNDATION INC

EIN: 843913302 501(c)(3) Arts, Culture & Humanities

LONGBOAT KEY, FL

Total Revenue
$554,875
Total Expenses
$770,620
Total Assets
$155,608
Net Assets
$155,608
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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
2019
Legal Domicile
FL
Principal Officer
James Brown
Phone
9415044273
Tax Period
2023-01-01 to 2023-12-31

LONGBOAT KEY FOUNDATION INC, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $555K in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $771K exceeded revenue, resulting in a 39% operating deficit.

Mission

To enhance the arts, cultural, and educational opportunities in the Town of Longboat Key.

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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 $554,875
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $554,875

Expense Breakdown

Grants Paid $769,591
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $769,591
Other Expenses $1,029
TOTAL EXPENSES $770,620

Year-over-Year Comparison

2023 2022 Change
Revenue $554,875 $381,015 +0.5%
Expenses $770,620 $72,817 +9.6%
Net Income $-215,745 $308,198 -1.7%
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
5

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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
James Brown Chairperson 20
Director
$0 $0 $0
Rick Konsavage Vice-Chairperson 10
Director
$0 $0 $0
Michael Seamon Treasurer-Director 10
Director
$0 $0 $0
Robin Nystrom Secretary-Director 10
Director
$0 $0 $0
Michael Garey Director 10
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 $554,875 $770,620 $155,608 $-215,745
2022 $381,015 $72,817 $371,353 $308,198
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