WACO CULTURAL ARTS FEST

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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

2004

Legal Domicile

Principal Officer

DOREEN RAVENSCROFT

Phone

2547236830

Tax Period

2019-01-01 to 2019-12-31

WACO CULTURAL ARTS FEST, founded in 2004, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2019. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 71% operating margin.

Mission

TO PROMOTE MULTICULTURAL EVENTS FOR WACO AND SURROUNDING COMMUNITIES BY CELEBRATING DIVERSITY AND FOSTERING UNDERSTANDING OF CULTURAL DIFFERENCES THROUGH THE ARTS.

Program Service Accomplishments

Program 1

Expenses: $292,211

WCAF CONTRACTS WITH INDIVIDUAL ARTISTS AND RECEIVES FUNDS DONATED TO SUPPORT THE PLACEMENT OF PUBLIC ART IN WACO AND THE SURROUNDING COMMUNITIES.

Program 2

Expenses: $150,746 Revenue: $8,035

WCAF HONORS ART EDUCATION AND THE ART COMMUNITY THROUGH AN ANNUAL TWO DAY FESTIVAL OF ART, MUSIC, PERFORMANCE, FOOD, AND ART ACTIVITIES 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 (2019)

Revenue Breakdown

Contributions & Grants $1,586,349

Program Service Revenue $7,870

Investment Income $165

Other Revenue $10,577

TOTAL REVENUE $1,604,961

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $442,957

Other Expenses $468,249

TOTAL EXPENSES $468,249

Year-over-Year Comparison

	2019	2018	Change
Revenue	$1,604,961	$1,180,052	+0.4%
Expenses	$468,249	$2,155,267	-0.8%
Net Income	$1,136,712	$-975,215	-2.2%

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

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
DOREEN RAVENSCROFT	PRESIDENT	30.00	Officer Director	$0	$0	$0
SUGAKO STONE	BOARD MEMBER	1.00	Director	$0	$0	$0
CARLA DOTSON	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA BECK	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBORAH TOWNSEND	TREASURER	5.00	Officer Director	$0	$0	$0
DANIEL HOLLINGSWORTH	VICE PRESIDENT/SECRETARY	5.00	Officer Director	$0	$0	$0
BRANDY ABEL - CLARK	BOARD MEMBER	5.00	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
2019	$1,604,961	$468,249	$303,570	$1,136,712