ISLAMORADA FOUNDATION INC (EIN 900586396) - 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

2011

Legal Domicile

Principal Officer

JOSEPH MIKULA

Phone

3054074637

Tax Period

2023-01-01 to 2023-12-31

ISLAMORADA FOUNDATION INC, founded in 2011, is a small nonprofit in the Community Improvement sector that reported $501K in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $415K, a strong 83% operating margin.

Mission

TO PROVIDE MEANS, MOTIVATION AND LEADERSHIP TO ENHANCE, CONSERVE AND PRESERVE OPEN SPACE IN ISLAMORADA FL

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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 $460,207

Program Service Revenue $6,106

Investment Income $35,067

Other Revenue $0

TOTAL REVENUE $501,380

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $84,415

Other Expenses $86,276

TOTAL EXPENSES $86,276

Year-over-Year Comparison

	2023	2022	Change
Revenue	$501,380	$897,286	-0.4%
Expenses	$86,276	$128,638	-0.3%
Net Income	$415,104	$768,648	-0.5%

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
MATT CLARK	DIRECTOR	N/A	Director	$0	$0	$0
TIM ERVIN	DIRECTOR	N/A	Director	$0	$0	$0
ANDRE HOPMAN	DIRECTOR	N/A	Director	$0	$0	$0
JOSEPH MIKULA	CHAIRMAN/ TR	N/A	Director	$0	$0	$0
KRISTI MIKULA	VICE CHAIR	N/A	Officer	$0	$0	$0
DAVID OSBORN	SECRETARY	N/A	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
2024	No data	No data	No data	No data
2023	$501,380	$86,276	$3,509,559	$415,104
2022	$897,286	$128,638	$3,083,942	$768,648
2021	$440,458	$62,888	$2,319,735	$377,570
2020	$277,995	$58,782	$1,928,872	$219,213
2019	$305,291	$45,062	$1,711,645	$260,229
2018	$1,217,765	$51,315	$1,407,719	$1,166,450

ISLAMORADA FOUNDATION INC