MILFORD OYSTER FESTIVAL INC (EIN 061029743) - 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

1975

Legal Domicile

Principal Officer

ILA TOKARZ

Phone

2038740523

Tax Period

2024-01-01 to 2024-12-31

MILFORD OYSTER FESTIVAL INC, founded in 1975, is a small nonprofit that reported $397K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $496K exceeded revenue, resulting in a 25% operating deficit.

Mission

THE ORGANIZATION OFFERS THE MILFORD COMMUNITY WITH A FESTIVAL FOR ALL TO ATTEND, AND TO PROVIDE A VENUE FOR VARIOUS LOCAL NON-PROFIT ORGANIZATIONS TO RAISE FUNDS FOR THEIR EXEMPT PURPOSES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $396,778

Investment Income $0

Other Revenue $0

TOTAL REVENUE $396,778

Expense Breakdown

Grants Paid $8,515

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $495,783

Other Expenses $487,268

TOTAL EXPENSES $495,783

Year-over-Year Comparison

	2024	2023	Change
Revenue	$396,778	$333,836	+0.2%
Expenses	$495,783	$308,504	+0.6%
Net Income	$-99,005	$25,332	-4.9%

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

N/A

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
ILA TOKARZ	President	7.50	Officer	$0	$0	$0
JAY PINTO	Vice President	7.50	Officer	$0	$0	$0
DORETTA SACKVILLE	Vice President	3.00	Officer	$0	$0	$0
CATHY CURLEY	Secretary	3.00	Officer	$0	$0	$0
JOHN H O'CONNELL	Treasurer	2.00	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
2024	$396,778	$495,783	$144,862	$-99,005
2023	$333,836	$308,504	$243,767	$25,332
2022	$314,819	$296,301	$213,395	$18,518
2021	$229,915	$231,218	$194,587	$-1,303
2020	$2,724	$14,733	$195,990	$-12,009
2019	$329,271	$292,180	$207,199	$37,091
2018	$237,947	$256,463	$165,630	$-18,516

MILFORD OYSTER FESTIVAL INC