CANAL FEST OF THE TONAWANDAS INC (EIN 161479787) - 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

1946

Legal Domicile

Principal Officer

CARRIE HEYN

Phone

7168464296

Tax Period

2024-04-01 to 2025-03-31

CANAL FEST OF THE TONAWANDAS INC, founded in 1946, is a small nonprofit in the Arts, Culture & Humanities sector that reported $212K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $254K exceeded revenue, resulting in a 19% operating deficit.

Mission

PRESERVE, DEMONSTRATE AND DISSEMINATE INFORMATION ABOUT THE HISTORIC AND CURRENT ETHNIC, ARTISTIC, INDUSTRIAL AND PERFORMANCE CULTURE OF THE TONAWANDAS AND THE ERIE CANAL TO LOCAL RESIDENTS AND VISITORS TO THE COMMUNITY.

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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 $212,465

Investment Income $0

Other Revenue $0

TOTAL REVENUE $212,465

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $223,603

Other Expenses $253,873

TOTAL EXPENSES $253,873

Year-over-Year Comparison

	2024	2023	Change
Revenue	$212,465	$193,896	+0.1%
Expenses	$253,873	$151,923	+0.7%
Net Income	$-41,408	$41,973	-2.0%

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
DIANE ERTEL	DIRECTOR	002.00	Director	$0	$0	$0
JAY WILCOX	DIRECTOR	002.00	Director	$0	$0	$0
JOAN MOORE	DIRECTOR	002.00	Director	$0	$0	$0
MICHAEL PIWTORAK	DIRECTOR	002.00	Director	$0	$0	$0
BRIAN BOECK	DIRECTOR	002.00	Director	$0	$0	$0
ROB GREHLINGER	DIRECTOR	002.00	Director	$0	$0	$0
CHUCK PROEFROCK	DIRECTOR	002.00	Director	$0	$0	$0
RONALD MURCHIE	DIRECTOR	002.00	Director	$0	$0	$0
WALLY HEYN	DIRECTOR	002.00	Director	$0	$0	$0
MIKE KLINGER	DIRECTOR	002.00	Director	$0	$0	$0
MARK MCGREADY	DIRECTOR	002.00	Director	$0	$0	$0
PETER CHENIER JR	PRESIDENT	008.00	Officer	$0	$0	$0
RICK MAIER	VICE PRESIDENT	008.00	Officer	$0	$0	$0
DEB DARLING	SECRETARY	008.00	Officer	$0	$0	$0
CARRIE HEYN	TREASURER	008.00	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
2025	$212,465	$253,873	$33,349	$-41,408
2024	$193,896	$151,923	$74,757	$41,973
2023	$171,215	$156,248	$37,211	$14,967
2022	$2,521	$2,827	$22,244	$-306
2021	$2,521	$1,772	$22,550	$749
2020	$156,236	$177,438	$21,801	$-21,202
2019	$163,971	$156,851	$43,003	$7,120

CANAL FEST OF THE TONAWANDAS INC