INK MIAMI ART FAIR INC

EIN: 932953614 501(c)(3) Arts, Culture & Humanities

LANTANA, FL

Total Revenue
$179,653
Total Expenses
$221,952
Total Assets
$12,948
Net Assets
$9,453
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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
2023
Legal Domicile
FL
Principal Officer
DOUGLAS JACOBSON
Phone
8139560621
Tax Period
2024-01-01 to 2024-12-31

INK MIAMI ART FAIR INC, founded in 2023, is a small nonprofit in the Arts, Culture & Humanities sector that reported $180K in total revenue in fiscal year 2024. Expenses of $222K exceeded revenue, resulting in a 24% operating deficit.

Mission

WE ARE A NONPROFIT ARTS ORGANIZATION CONSISTING OF FINE ART PRESSES AND OTHER INSTITUTIONS COMMITTED TO PROMOTING, EDUCATING, AND SHOWCASING THE VISUAL ARTS, WITH AN EMPHASIS ON WORKS OF ART ON PAPER.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $11,264
Program Service Revenue $168,030
Investment Income $0
Other Revenue $359
TOTAL REVENUE $179,653

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $208,700
Other Expenses $221,952
TOTAL EXPENSES $221,952

Year-over-Year Comparison

2024 2023 Change
Revenue $179,653 $180,670 0.0%
Expenses $221,952 $144,285 +0.5%
Net Income $-42,299 $36,385 -2.2%
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
1

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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOUGLAS JACOBSON PRESIDENT N/A
Officer Director
$0 $0 $0
AMY NEWELL DIRECTOR N/A
Director
$0 $0 $0
DAVID O'DONOGHUE VICE PRESIDE N/A
Officer Director
$0 $0 $0
KRISTIN SODERQVIST DIRECTOR N/A
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 $179,653 $221,952 $12,948 $-42,299
2023 $180,670 $144,285 $51,752 $36,385
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