MIA RAYS SQUADRON INC (EIN 862063044) - 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

2021

Legal Domicile

Principal Officer

MARK MELVIN

Phone

2393935133

Tax Period

2023-07-01 to 2024-06-30

MIA RAYS SQUADRON INC, founded in 2021, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $26.0M in total revenue in fiscal year 2023. Revenue surged 238% from the prior year, signaling strong growth momentum. The organization ran a surplus of $24.4M, a strong 94% operating margin.

Mission

THE MISSION OF THE MIA RAYS SQUADRON IS TO PROVIDE A SECURE FINANCIAL SUPPORT FOR MARCO ISLAND ACADEMY, A PUBLIC CHARTER HIGH SCHOOL TO SUSTAIN IT FOR GENERATIONS TO COME. THE MIA RAYS SQUADRON WILL RAISE FUNDS TO MEET THE OPERATING AND CAPITAL NEEDS FOR TODAY AND THE FUTURE

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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 (2023)

Revenue Breakdown

Contributions & Grants $25,372,499

Program Service Revenue $0

Investment Income $595,322

Other Revenue $0

TOTAL REVENUE $25,967,821

Expense Breakdown

Grants Paid $972,619

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,512,690

Other Expenses $576,671

TOTAL EXPENSES $1,549,290

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,967,821	$7,688,626	+2.4%
Expenses	$1,549,290	$1,008,363	+0.5%
Net Income	$24,418,531	$6,680,263	+2.7%

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

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
MARK MELVIN	PRESIDENT	N/A	Officer Director	$0	$0	$0
JANE B WATT	VICE CHAIR S	N/A	Officer Director	$0	$0	$0
HEIDI LACKS PUCCI	VICE CHAIR	N/A	Officer 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	No data	No data	No data	No data
2024	$25,967,821	$1,549,290	$34,782,192	$24,418,531
2023	$7,688,626	$1,008,363	$10,225,775	$6,680,263
2022	$3,468,088	$104,785	$3,379,483	$3,363,303

MIA RAYS SQUADRON INC