Classical South Florida
Nonprofit profile at a glance
- EIN
- 261417978
- IRS 990 coverage
- 2009–2015
- Forms available
- Form 990 2015
- Location
- St Paul, MN, USA
- Phone
- 6512901446
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Radio
Reported finances
- Revenue
- $2,681,251
- Expenses
- $1,830,410
- Assets
- $15,634
- Liabilities
- $228,395
Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- NESTOR RODRIGUEZ (TRUSTEE/PRESIDENT & GM, CSF)
- JON MCTAGGART (SECOND VICE CHAIR/CEO, APMG)
Highest reported compensation
- JON MCTAGGART (SECOND VICE CHAIR/CEO, APMG): $690,006 total reported compensation
- DAVID KANSAS (SVP/COO, APMG): $577,290 total reported compensation
- RANDI YODER (SVP - DEVELOPMENT, APMG): $368,193 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of classical south Florida (csf) is to enrich the mind andnourish the spirit of the south Florida community through the art, availability and advocacy of classical music.
What it reported doing in 2015
Classical south Florida (csf) provided a listener-supported classical music service to the thriving cultural communities of southeast and southwest Florida. Csf broadcasted a fulltime schedule of classical music programming on its three stations - wkcp 89.7 fm in miami, wpbi 90.7 fm in west palm beach, wnps 88.7 fm in naples|fort myers until the stations were sold in july 2015. Csf still broadcasts classical music programming on the internet at www.classicalsouthflorida.org.
Operating model
- Revenue model
- Affiliate-supported. 72% of the money available for current operations came from contributions from related organizations.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 49
- Transparency & Controls: 89
- Accountability: 84
- Sustainability: 43
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 54.8%; rating input score 55
- Program expense ratio: 49.1%; rating input score 49
- Fundraising efficiency: $4.51 raised per $1 spent on fundraising; rating input score 19; 19th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 80%; rating input score 80; 15th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 31.7%; rating input score 90; 90th percentile among comparable filings
- Total-asset coverage ratio: 0.01; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: 14.61; rating input score 0; 0th percentile among comparable filings
- Officer compensation ratio: 37.3%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: -40.2% per year; rating input score 0; 2nd percentile among comparable filings
- Revenue growth: 16.2% per year; rating input score 100; 84th percentile among comparable filings
- Asset growth: 0.4% per year; rating input score 100; 31st percentile among comparable filings
Details
- Where the money goes: 54.8% of revenue deployed · 49.1% of spending went to programs
- Governance: 4 of 5 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $899K in reported program spending
- Leadership: top reported pay $690K · 17 people listed · 5 of 6 pay-setting controls reported
- Consistency: 26 of 26 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 7 filing years from 2009 to 2015
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 8 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 55/100.
- Moderate — Financial Efficiency: Program expense ratio scored 49/100.
- High — Financial Efficiency: Fundraising efficiency scored 19/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Liabilities to assets ratio scored 0/100.
- High — Sustainability: Officer compensation ratio scored 2/100.