Rockland Festival Corporation (EIN 010224138) - 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

1951

Legal Domicile

Phone

2072368821

Tax Period

2023-01-01 to 2023-12-31

Rockland Festival Corporation, founded in 1951, is a small nonprofit that reported $541K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $499K left a modest 8% surplus.

Mission

To provide educational and recreational benefits to the mid-coast area.

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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 $19,695

Program Service Revenue $209,853

Investment Income $3,637

Other Revenue $307,329

TOTAL REVENUE $540,514

Expense Breakdown

Grants Paid $13,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $477,741

Other Expenses $485,315

TOTAL EXPENSES $498,815

Year-over-Year Comparison

	2023	2022	Change
Revenue	$540,514	$410,559	+0.3%
Expenses	$498,815	$432,722	+0.2%
Net Income	$41,699	$-22,163	-2.9%

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

900

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
Brandy Perkins	Secretary	0.50	Officer Director	$0	$0	$0
Avi Good	Director	0.50	Director	$0	$0	$0
Bob Bird	Director	0.50	Director	$0	$0	$0
Jim Gibson	Director	0.50	Director	$0	$0	$0
Su Johnson	Director	0.50	Director	$0	$0	$0
Celia Knight	President	0.50	Officer Director	$0	$0	$0
Karyn Rizzo	Director	0.50	Director	$0	$0	$0
Erin Fitzgerald	Director	0.50	Director	$0	$0	$0
Bob Oxton	Director	0.50	Director	$0	$0	$0
Barbara Chandler	Director	0.50	Director	$0	$0	$0
Dan Flaherty	Treasurer	1.00	Officer Director	$0	$0	$0
Shannon Kinney	Director	0.50	Director	$0	$0	$0
Vernard C Mossman	Director	0.50	Director	$0	$0	$0
Brian Messing	Director	0.50	Director	$0	$0	$0
Buddy Carleton	Director	0.50	Director	$0	$0	$0
John Ferraiolo	Director	0.50	Director	$0	$0	$0
Peter Beal	Vice President	0.50	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
2024	No data	No data	No data	No data
2023	$540,514	$498,815	$494,120	$41,699
2022	$410,559	$432,722	$452,489	$-22,163
2021	$-244	$78,109	$477,202	$-78,353
2020	$9,265	$119,967	$555,268	$-110,702
2019	$370,232	$417,353	$663,933	$-47,121
2018	$359,203	$407,612	$710,990	$-48,409

Rockland Festival Corporation