Finger Lakes Grassroots Festival Org (EIN 161411913) - 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

1992

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Finger Lakes Grassroots Festival Org, founded in 1992, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.9M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO OPERATE MUSIC FESTIVALS AND OTHER MULTI-CULTURAL EVENTS AND TO RAISE FUNDS FOR VARIOUS COMMUNITY BASED NON-PROFIT ORGANIZATIONS.

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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 $15,244

Program Service Revenue $1,751,627

Investment Income $3,483

Other Revenue $150,693

TOTAL REVENUE $1,921,047

Expense Breakdown

Grants Paid $0

Salaries & Benefits $299,415

Fundraising Expenses $1,550

Program Expenses $1,903,097

Other Expenses $1,654,532

TOTAL EXPENSES $1,953,947

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,921,047	$1,742,959	+0.1%
Expenses	$1,953,947	$1,630,759	+0.2%
Net Income	$-32,900	$112,200	-1.3%

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

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
Thomas Mann	Trustee	5.00	Director	$0	$0	$0
Richard Stearns	Trustee	20.00	Director	$0	$0	$0
James Puryear	President	5.00	Officer Director	$0	$0	$0
Clarissa Farrell	SecretaryTreasurer	20.00	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	No data	No data	No data	No data
2023	$1,921,047	$1,953,947	$1,538,340	$-32,900
2022	$1,742,959	$1,630,759	$1,419,735	$112,200
2021	$1,539,101	$813,332	$1,623,158	$725,769
2020	$355,261	$301,753	$1,115,277	$53,508
2019	$1,362,481	$1,274,760	$1,065,512	$87,721
2018	$1,310,183	$1,257,526	$965,106	$52,657

Finger Lakes Grassroots Festival Org