SPIEDIE FEST BALLOON RALLY EXPO INC (EIN 161514169) - 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

1996

Legal Domicile

Principal Officer

ANTHONY PANICCIA

Phone

6077656604

Tax Period

2023-01-01 to 2023-12-31

SPIEDIE FEST BALLOON RALLY EXPO INC, founded in 1996, is a small nonprofit in the Human Services sector that reported $998K in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $850K left a modest 15% surplus.

Mission

TO IMPROVE QUALITY OF LIFE FOR THE RESIDENTS OF BROOME COUNTY BY OPERATION OF THE ANNUAL FESTIVAL AND DONATING THE PROFITS TO LOCAL NOT-FOR-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 $537,277

Program Service Revenue $460,476

Investment Income $7

Other Revenue $0

TOTAL REVENUE $997,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $65,897

Fundraising Expenses $0

Program Expenses $830,628

Other Expenses $784,176

TOTAL EXPENSES $850,073

Year-over-Year Comparison

	2023	2022	Change
Revenue	$997,760	$808,726	+0.2%
Expenses	$850,073	$856,520	0.0%
Net Income	$147,687	$-47,794	-4.1%

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

220

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
ANTHONY PANICCIA	PRESIDENT/TREASURER	1.00	Officer Director	$0	$0	$0
MARTIN CHUDACIK	DIRECTOR	1.00	Director	$0	$0	$0
LINDA CERRA	DIRECTOR	1.00	Director	$0	$0	$0
FRANCES MARTIN-CHILDS	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN ALPAUGH	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM DEWEY	DIRECTOR	1.00	Director	$0	$0	$0
JIM EHMKE	DIRECTOR	1.00	Director	$0	$0	$0
SARAH KANE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WALKER	DIRECTOR	1.00	Director	$0	$0	$0
MATT WHITE	DIRECTOR	1.00	Director	$0	$0	$0
JIM WORHACH	DIRECTOR	1.00	Director	$0	$0	$0
JIM ORBAND	DIRECTOR	1.00	Director	$0	$0	$0
MARY BETH WALSH	DIRECTOR	1.00	Director	$0	$0	$0
RANDY WARNER	DIRECTOR	1.00	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	$997,760	$850,073	$388,518	$147,687
2022	$808,726	$856,520	$417,176	$-47,794
2021	$693,474	$638,176	$159,534	$55,298
2020	$254,674	$116,817	$121,816	$137,857
2019	$748,757	$595,354	$5,091	$153,403
2018	$505,281	$734,508	$19	$-229,227

SPIEDIE FEST BALLOON RALLY EXPO INC