New England Folk Festival Association Inc (EIN 046073082) - 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

1950

Legal Domicile

Principal Officer

Jonathan Young

Tax Period

2023-08-01 to 2024-07-31

New England Folk Festival Association Inc, founded in 1950, is a small nonprofit in the Arts, Culture & Humanities sector that reported $204K in total revenue in fiscal year 2023. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $57K, a strong 28% operating margin.

Mission

To promote folk music, singing, dancing, and traditional crafts to the general public by sponsoring dances and concerts including an annual festival, a weekly and weekend dance, and a grants program for folk artists.

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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 $66,761

Program Service Revenue $121,269

Investment Income $15,785

Other Revenue $0

TOTAL REVENUE $203,815

Expense Breakdown

Grants Paid $600

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $138,256

Other Expenses $146,691

TOTAL EXPENSES $147,291

Year-over-Year Comparison

	2023	2022	Change
Revenue	$203,815	$118,152	+0.7%
Expenses	$147,291	$130,334	+0.1%
Net Income	$56,524	$-12,182	-5.6%

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

N/A

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
Len Bittenson	Director	2.00	Director	$0	$0	$0
Don Veino	Director	2.00	Director	$0	$0	$0
Dereck Kalish	Director	2.00	Director	$0	$0	$0
Crispin Weinberg	Director	2.00	Director	$0	$0	$0
Betty Lehrman	Director	2.00	Director	$0	$0	$0
Jeff Keller	Director	2.00	Director	$0	$0	$0
Lynn Noel	Director	2.00	Director	$0	$0	$0
Jennifer Jasenski	Director	2.00	Director	$0	$0	$0
Lori Fassman	Treasurer	15.00	Officer Director	$0	$0	$0
Jonathan Young	President	15.00	Officer Director	$0	$0	$0
Dayle E Watts	Vice-President	2.00	Officer Director	$0	$0	$0
Phillip Nimeskern	Secretary	10.00	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	$203,815	$147,291	$430,941	$56,524
2021	$69,724	$39,779	$387,089	$29,945
2020	$78,231	$60,936	$312,407	$17,295

New England Folk Festival Association Inc