FRIENDS OF MB ARTS & CULTURE C/O ROBERT GOODMAN (EIN 883493385) - 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

2022

Legal Domicile

Principal Officer

ROBERT GOODMAN

Phone

3056735177

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF MB ARTS & CULTURE C/O ROBERT GOODMAN, founded in 2022, is a micro nonprofit that reported $2K in total revenue in fiscal year 2023. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $7K exceeded revenue, resulting in a 373% operating deficit.

Mission

FRIENDS OF MB ARTS AND CULTURE WAS ESTABLISHED TO EDUCATE REGISTERED VOTERS OF MIAMI BEACH, FL ABOUT THE BENEFITS OF APPROVING A GENERAL OBLIGATION BOND REFERENDUM IN NOVEMBER 2022 THAT WOULD PROVIDE SPECIFIC FINANCIAL SUPPORT TO MIAMI BEACH BASED ARTS AND CULTURE ORGANIZATIONS. RECIPIENT INSTITUTIONS AND AMOUNTS AND USES OF FUNDS WAS DETERMINED THROUGH A YEAR-LONG PUBLIC PROCESS ORGANIZED BY THE CITY OF MIAMI BEACH STAFF, CITY MANAGER, AND COMMISSIONERS.

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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 $1,500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $713

Other Expenses $7,089

TOTAL EXPENSES $7,089

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,500	$425,200	-1.0%
Expenses	$7,089	$419,611	-1.0%
Net Income	$-5,589	$5,589	-2.0%

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

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
ROBERT GOODMAN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JAIME PAMPOLINA	TREASURER	1.00	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
2023	$1,500	$7,089	No data	$-5,589
2022	$425,200	$419,611	$5,589	$5,589

FRIENDS OF MB ARTS & CULTURE C/O ROBERT GOODMAN