OSWEGO HARBOR FESTIVALS INC (EIN 161348741) - 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

1989

Legal Domicile

Principal Officer

DAN HARRINGTON

Phone

3153436858

Tax Period

2023-11-01 to 2024-10-31

OSWEGO HARBOR FESTIVALS INC, founded in 1989, is a small nonprofit that reported $594K in total revenue in fiscal year 2023. Expenses of $575K left a modest 3% surplus.

Mission

TO CREATE A NATIONALLY RECOGNIZED FESTIVAL AND EVENTS THAT ATTRACT AND ENGAGE A BROAD AND DIVERSE AUDIENCE, CELEBRATE AND BUILD COMMUNITY AND ADVANCE ECONOMIC DEVELOPMENT OF OSWEGO.

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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 $410,385

Program Service Revenue $183,820

Investment Income $0

Other Revenue $68

TOTAL REVENUE $594,273

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,416

Fundraising Expenses $19,241

Program Expenses $524,686

Other Expenses $521,068

TOTAL EXPENSES $575,484

Year-over-Year Comparison

	2023	2022	Change
Revenue	$594,273	$597,379	0.0%
Expenses	$575,484	$534,377	+0.1%
Net Income	$18,789	$63,002	-0.7%

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

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
CHUCK HANDLEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAN CAPELLA	TREASURER	1.00	Officer Director	$0	$0	$0
PATRICK CHALONE	CORRESPONDING SECRETARY	1.00	Officer Director	$0	$0	$0
MARGARET MAHANEY	MEMBER	1.00	Director	$0	$0	$0
DAVE THOMPSON	MEMBER	1.00	Director	$0	$0	$0
LARRY GETMAN	MEMBER	1.00	Director	$0	$0	$0
CRAIG TYRRELL	MEMBER	1.00	Director	$0	$0	$0
MARIA HUDSON	MEMBER	1.00	Director	$0	$0	$0
ANGELA CLEARY	MEMBER	1.00	Director	$0	$0	$0
SIERRA SULLIVAN	MEMBER	1.00	Director	$0	$0	$0
JESSICA WESTBERRY	MEMBER	1.00	Director	$0	$0	$0
NIK WHITESIDE	MEMBER	1.00	Director	$0	$0	$0
KYLIE WYMAN	MEMBER	1.00	Director	$0	$0	$0
DAN HARRINGTON	EXECUTIVE DIRECTOR	24.00	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	$594,273	$575,484	$212,086	$18,789
2023	$597,379	$534,377	$193,125	$63,002
2022	$506,862	$423,568	$130,310	$83,294
2021	$42,323	$12,008	$51,452	$30,315
2020	$33,512	$82,926	$29,013	$-49,414
2019	$484,542	$482,098	$58,494	$2,444
2018	$477,269	$481,085	$50,975	$-3,816

OSWEGO HARBOR FESTIVALS INC