The Canes Initiative Inc

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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

Zachary Burr

Phone

3059788521

Tax Period

2023-01-01 to 2023-12-31

The Canes Initiative Inc, founded in 2022, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023.

Mission

The focal point of the organization's mission is to be a charitable, educational and philanthropic corporation intended for the youth of South Florida communities to (a) provide a mentorship program to inspire, encourage and equip such youth through education, events, missions and interactive digital platforms; and (b) organize, sponsor, promote and participate in youth athletic events, contests, educational opportunities, clinics, expositions and other similar programs and projects.

Program Service Accomplishments

Program 1

Expenses: $583,230 Revenue: $0

SOUTH FLORIDA MENTORSHIP PROGRAM THAT WILL MATCH LOCAL DISADVANTAGED YOUTH (AGES 8-14) WITH CURRENT UNIVERSITY OF MIAMI STUDENT ATHLETES. THESE STUDENT ATHLETES WILL SERVE AS MENTORS AND ROLE MODELS FOR THESE YOUTH. THE MENTORSHIP PROGRAM WILL BE CONDUCTED VIA PHONE, VIDEO CONFERENCE, IN PERSON, AND AT A NUMBER OF GROUP EVENTS PLANNED THROUGHOUT THE YEAR. THIS PROGRAM REPRESENTS 70 PERCENT OF THE ORGANIZATION'S TIME COMMITMENT AND WILL BE FUNDED BY PUBLIC DONATIONS. EXPENSES WILL BE 70 PERCENT OF THE ORGANIZATION'S BUDGET. AS THE CENTRAL PROGRAM OF THE ORGANIZATION THE MENTORSHIP PROGRAM WILL BE A RESOURCE AND OPPORTUNITY FOR THESE DISADVANTAGED YOUTH TO BE PARTNERED WITH ROLE MODELS WHO CAN HELP SHAPE THEIR FUTURE AND INSPIRE THEM TO WORK HARD, STAY FOCUSED, MAKE GOOD DECISIONS, AND REACH THEIR LIFE GOALS. IN 2023, THE SOUTH FLORIDA MENTORSHIP PROGRAM HAD 64 MENTORS PARTICIPATE IN THE PROGRAM, SERVICING A TOTAL OF 387 DISADVANTAGED YOUTH.

Program 2

Expenses: $280,000 Revenue: $0

ANNUAL FOOTBALL CLINIC(S) HOSTED FREE OF CHARGE FOR THE YOUTH OF SOUTH FLORIDA (AGES 8-14). COACHES WILL BE CURRENT UNIVERSITY OF MIAMI STUDENT ATHLETES WHO WILL BE COMMITTED TO DEVELOPING, AIDING...

ANNUAL FOOTBALL CLINIC(S) HOSTED FREE OF CHARGE FOR THE YOUTH OF SOUTH FLORIDA (AGES 8-14). COACHES WILL BE CURRENT UNIVERSITY OF MIAMI STUDENT ATHLETES WHO WILL BE COMMITTED TO DEVELOPING, AIDING, AND IMPROVING THESE YOUNG ATHLETES VIA INSTRUCTION. THE CLINIC(S) WILL BE HOSTED AT LOCAL SOUTH FLORIDA PARKS AND OPEN TO ALL SOUTH FLORIDA YOUTH. THESE CLINIC(S) WILL REPRESENT 30 PERCENT OF THE ORGANIZATIONS TIME AND RESOURCES. THE CLINIC WILL AIM TO INSPIRE, ENCOURAGE, AND PROMOTE SELF-ESTEEM AND SELF WORTH TO ITS PARTICIPANTS. IN 2023, WE HAD FIVE CAMPS WHERE OUR STUDENT-ATHLETES PROVIDED INSTRUCTION AND EXPERTISE TO 280 YOUNG ATHLETES.

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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 $1,017,051

Program Service Revenue $0

Investment Income $1,725

Other Revenue $0

TOTAL REVENUE $1,018,776

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $863,230

Other Expenses $1,018,776

TOTAL EXPENSES $1,018,776

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,018,776	N/A	N/A
Expenses	$1,018,776	N/A	N/A
Net Income	$0	$0	N/A

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
ZACHARY BURR	PRESIDENT/DIRECTOR	10.0	Officer Director	$0	$0	$0
CHRISTOPHER HORTON	TREASURER/DIRECTOR	10.0	Officer Director	$0	$0	$0
NICK MENAS	SECRETARY/DIR.(10/23 - 12/23)	10.0	Officer Director	$0	$0	$0
BRIAN GOLDMEIER	SECRETARY/ DIR.(1/23 - 10/23)	10.0	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	$1,018,776	$1,018,776	No data	No data