ADIRONDACK HOT AIR BALLOON FESTIVAL INC (EIN 141590804) - 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

Legal Domicile

Principal Officer

MARK DONAHUE

Phone

5182224593

Tax Period

2023-01-01 to 2023-12-31

ADIRONDACK HOT AIR BALLOON FESTIVAL INC is a small nonprofit that reported $284K in total revenue in fiscal year 2023. Revenue surged 66% from the prior year, signaling strong growth momentum.

Mission

TO BRING EDUCATIONAL ENJOYMENT AND ENTERTAINMENT TO THE ADIRONDACK COMMUNITY THROUGH HOT AIR BALLOONING.

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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 $91,233

Program Service Revenue $109,179

Investment Income $0

Other Revenue $83,257

TOTAL REVENUE $283,669

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $276,747

Other Expenses $308,082

TOTAL EXPENSES $308,082

Year-over-Year Comparison

	2023	2022	Change
Revenue	$283,669	$170,867	+0.7%
Expenses	$308,082	$187,315	+0.6%
Net Income	$-24,413	$-16,448	+0.5%

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

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
MARK DONAHUE	BOARD CHAIR	10.00	Officer Director	$0	$0	$0
STEVE SELLINGHAM	DIRECTOR	2.00	Director	$0	$0	$0
ERIN COKER	DIRECTOR	2.00	Director	$0	$0	$0
HOLLY DURIVAGE	DIRECTOR	2.00	Director	$0	$0	$0
WAYNE SICKLER	DIRECTOR	2.00	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
2023	$283,669	$308,082	$109,780	$-24,413
2023	$281,023	$305,436	$109,780	$-24,413
2020	$20,042	$13,426	$146,951	$6,616
2019	$207,476	$169,714	$140,335	$37,762
2018	$189,157	$176,033	$102,573	$13,124

ADIRONDACK HOT AIR BALLOON FESTIVAL INC