Solarfest Inc (EIN 020622981) - 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

1999

Legal Domicile

Principal Officer

Michael Bailey

Phone

5163146063

Tax Period

2023-01-01 to 2023-12-31

Solarfest Inc, founded in 1999, is a small nonprofit in the Environment sector that reported $392K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $309K, a strong 79% operating margin.

Mission

Connect people, the arts, ideas and technology, fostering partnerships and activism to create a vibrant present and a sustainable future. Annual festival along with a variety of workshops, workforce development, and other events centered around environmental benefits of renewable energy.

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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 $382,685

Program Service Revenue $5,275

Investment Income $4,182

Other Revenue $0

TOTAL REVENUE $392,142

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $73,086

Other Expenses $82,796

TOTAL EXPENSES $82,796

Year-over-Year Comparison

	2023	2022	Change
Revenue	$392,142	$669,091	-0.4%
Expenses	$82,796	$112,698	-0.3%
Net Income	$309,346	$556,393	-0.4%

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

100

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
William Laberge	President	2.00	Officer Director	$0	$0	$0
John Blittersdorf	Vice President	2.00	Officer Director	$0	$0	$0
Michael Bailey	Treasurer	20.00	Officer Director	$0	$0	$0
Kevin Bailey	Trustee	2.00	Director	$0	$0	$0
Erin Ballantine	Trustee	2.00	Director	$0	$0	$0
Melissa Chesnut-Tangerman	Trustee	2.00	Director	$0	$0	$0
Emily Eckert	Trustee	2.00	Director	$0	$0	$0
David Conna	Secretary	2.00	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	$392,142	$82,796	$651,262	$309,346
2022	$669,091	$112,698	$341,916	$556,393

Solarfest Inc