AMERICAN FOLK FESTIVAL ON THE BANGOR WATERFRONT (EIN 020618599) - 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

2002

Legal Domicile

Principal Officer

NICOLE GOGAN

Phone

2079922630

Tax Period

2018-01-01 to 2018-12-31

AMERICAN FOLK FESTIVAL ON THE BANGOR WATERFRONT, founded in 2002, is a small nonprofit that reported $720K in total revenue in fiscal year 2018. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

ENGAGE PEOPLE IN TRADITIONAL ARTS FROM AROUND THE WORLD. FEATURING, MUSIC, DANCE, CRAFTS, FOOD AND STORYTELLING,THE FESTIVAL PROVIDES A CULTURALLY MEANINGFUL CELEBRATION OF MULTIPLE ARTISTIC TRADITIONS AND EDUCATION ABOUT THE TRADITIONAL ARTS FOR ALL AGES.

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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 (2018)

Revenue Breakdown

Contributions & Grants $618,845

Program Service Revenue $56,228

Investment Income $4

Other Revenue $44,811

TOTAL REVENUE $719,888

Expense Breakdown

Grants Paid $0

Salaries & Benefits $149,100

Fundraising Expenses $96,685

Program Expenses $508,825

Other Expenses $584,977

TOTAL EXPENSES $734,077

Year-over-Year Comparison

	2018	2017	Change
Revenue	$719,888	$625,496	+0.2%
Expenses	$734,077	$559,289	+0.3%
Net Income	$-14,189	$66,207	-1.2%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

500

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
MARIA BAEZA	Director	1.00	Director	$0	$0	$0
ELIZABETH DOWNING	Director	1.00	Director	$0	$0	$0
JULIE GREEN	Vice Chairman	1.00	Director	$0	$0	$0
PAULA MATLINS	Director	1.00	Director	$0	$0	$0
NICOLE GOGAN	Chairman	2.00	Officer Director	$0	$0	$0
JENNIFER MARSHALL	Director	1.00	Officer Director	$0	$0	$0
DAN CASHMAN	Director	1.00	Director	$0	$0	$0
GREG JAMISON	Director	1.00	Director	$0	$0	$0
LEE SPERONIS	Treasurer	1.00	Officer Director	$0	$0	$0
KERRIE TRIPP	Director	1.00	Director	$0	$0	$0
KRISTEN STRONG	Director	1.00	Director	$0	$0	$0
KAREN FUSSELL	Director	1.00	Director	$0	$0	$0
DR GEORGE WRIGHT	Director	1.00	Director	$0	$0	$0
DALE WILKES	Director	1.00	Director	$0	$0	$0
DEB SANFORD	Director	1.00	Director	$0	$0	$0
KEITH MARTIN	Secretary	1.00	Officer Director	$0	$0	$0
ERIC MARSHALL	Director	1.00	Director	$0	$0	$0
RICHARD FOURNIER	Director	1.00	Director	$0	$0	$0
HEATHER MCCARTHY	Executive Direc	45.00	Officer	$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
2018	$719,888	$734,077	$43,989	$-14,189

AMERICAN FOLK FESTIVAL ON THE BANGOR WATERFRONT