Tropicalfete Inc
Nonprofit profile at a glance
- EIN
- 452940435
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-EZ 2021, Form 990-N 2016
- Location
- New York, NY, USA
- Phone
- 6465043383
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts Education
Reported finances
- Revenue
- $411,589
- Expenses
- $402,391
- Assets
- $284,408
- Liabilities
- $197,836
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Highest reported compensation
- ALTON AIMABLE (COMMUNITY CULTURAL LEADER ACCOUNT): $13,550 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Established nbsp; in nbsp;1999 nbsp; as nbsp; an nbsp; online nbsp; publication nbsp; amp; nbsp; cultural nbsp; resource nbsp; center nbsp; in nbsp;2011 nbsp; tropicalfete nbsp; became nbsp; a nbsp; not nbsp; for nbsp; profit nbsp; corporation nbsp; and nbsp; aims nbsp; to nbsp; develop nbsp; the nbsp; community nbsp; in nbsp; the nbsp; area nbsp; of nbsp; arts nbsp; and nbsp; social nbsp; services nbsp; with nbsp; the nbsp; focus nbsp; on nbsp; educating nbsp; the nbsp; community nbsp; on nbsp; caribbean nbsp; culture
What it reported doing in 2024
Senior cultural programming refers to organized activities and experiences designed specifically for older adults that support social connection lifelong learning creativity and well-being through arts heritage and community engagement. Reduces social isolation and loneliness / supports mental stimulation and cognitive health / encourages physical movement and emotional expression / honors seniors life experience traditions and identities / builds a stronger sense of community belonging
Operating model
- Revenue model
- Grant-funded. 69% of the money available for current operations came from government grants.
- 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 a large share of available resources goes toward mission work. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 60
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 36
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 66.9%; rating input score 67
- Program expense ratio: 68.4%; rating input score 68
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 2.2%; rating input score 45; 45th percentile among comparable filings
- Total-asset coverage ratio: 0.71; rating input score 32; 32nd percentile among comparable filings
- Liabilities to assets ratio: 0.7; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: 3.4%; rating input score 34; 34th percentile among comparable filings
Growth
- Program expense growth: 20.3% per year; rating input score 100; 85th percentile among comparable filings
- Revenue growth: 29.8% per year; rating input score 100; 93rd percentile among comparable filings
- Asset growth: 29.5% per year; rating input score 100; 91st percentile among comparable filings
Details
- Where the money goes: 66.9% of revenue deployed · 68.4% of spending went to programs
- Governance: 6 of 6 board members independent · 8 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $289K in reported program spending
- Leadership: top reported pay $14K · 7 people listed
- Consistency: 28 of 29 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes major donors
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Moderate — Sustainability: Operating margin scored 45/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 32/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 8/100.
- Moderate — Sustainability: Officer compensation ratio scored 34/100.