SOUTH FLORIDA FASHION ACADEMY INC (EIN 862719916) - 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

2018

Legal Domicile

Principal Officer

LATASHA MCGILL

Phone

9542455858

Tax Period

2023-07-01 to 2024-06-30

SOUTH FLORIDA FASHION ACADEMY INC, founded in 2018, is a small nonprofit in the Education sector that reported $721K in total revenue in fiscal year 2023. Revenue surged 128% from the prior year, signaling strong growth momentum. The organization ran a surplus of $121K, a strong 17% operating margin.

Mission

SOUTH FLORIDA FASHION ACADEMY HAS THE DISTINCT MISSION TO EDUCATE, INSPIRE AND ILLUMINATE AN INTENSE DESIRE TO OPTIMIZE THE CREATIVE MINDS OF STUDENTS SEEKING A CAREER IN THE ARTS, FASHION AND BEAUTY INDUSTRIES. STUDENTS WILL RECEIVE AN INNOVATIVE QUALITY EDUCATION, RESOURCES, PRACTICAL SKILLS AND THE CONFIDENCE TO BE A LEADING PROFESSIONAL.

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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 $0

Program Service Revenue $717,183

Investment Income $0

Other Revenue $3,732

TOTAL REVENUE $720,915

Expense Breakdown

Grants Paid $0

Salaries & Benefits $228,631

Fundraising Expenses $0

Program Expenses $599,900

Other Expenses $371,269

TOTAL EXPENSES $599,900

Year-over-Year Comparison

	2023	2022	Change
Revenue	$720,915	$316,536	+1.3%
Expenses	$599,900	$287,479	+1.1%
Net Income	$121,015	$29,057	+3.2%

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

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

$9,490

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JADA JOHNSON	SECRETARY	10.00	Officer	$7,290	$0	$7,290
LATASHA MCGILL	PRESIDENT	40.00	Officer	$2,200	$0	$2,200
KAYLA JONES	TREASURER	10.00	Officer	$0	$0	$0
AYANNA MCGILL	VICE PRESIDE	10.00	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
2025	No data	No data	No data	No data
2024	$720,915	$599,900	$138,941	$121,015
2023	$316,536	$287,479	$17,926	$29,057

SOUTH FLORIDA FASHION ACADEMY INC