SOMERTON TAMALE FESTIVAL INC

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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

2011

Legal Domicile

Principal Officer

LUIS HEREDIA

Phone

6027505784

Tax Period

2023-01-01 to 2023-12-31

SOMERTON TAMALE FESTIVAL INC, founded in 2011, is a small nonprofit in the Education sector that reported $304K in total revenue in fiscal year 2023. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $54K, a strong 18% operating margin.

Mission

TO ORGANIZE EVENTS AND FESTIVALS TO RAISE FUNDS FOR ANNUAL SCHOLARSHIPS AND TO PROMOTE HIGHER EDUCATION IN YUMA COUNTY AND ARIZONA.

Program Service Accomplishments

Program 1

Expenses: $220,247 Revenue: $115,992

OUR ORGANIZATION FILLS AN IMPORTANT NEED BY PROVIDING SCHOLARSHIPS FOR LOCAL STUDENTS WHO WILL ATTEND ARIZONA STATE UNIVERSITY FROM YUMA COUNTY. THE ORGANIZATION REPRESENTS A VARIETY OF MAJORS AND...

OUR ORGANIZATION FILLS AN IMPORTANT NEED BY PROVIDING SCHOLARSHIPS FOR LOCAL STUDENTS WHO WILL ATTEND ARIZONA STATE UNIVERSITY FROM YUMA COUNTY. THE ORGANIZATION REPRESENTS A VARIETY OF MAJORS AND PROFESSIONS AND INDIVIDUALS WHO SERVE AS MENTORS TO THE RECIPIENTS. THROUGHOUT THE YEAR TO SUPPORT OUR CAUSE. THE TAMALE FESTIVAL IS OUR MAJOR PROGRAM EVENT SUCCESS. IT ATTRACTS CLOSE TO 30,000 VISITORS TO SOMERTON AND IN SUPPORT OF SCHOOLS, LOCAL BUSINESSES, LOCAL VENDORS, AND OPPORTUNITY TO HIGHLIGHT REGIONAL AND LOCAL ENTERTAINMENT. WITH PROCEES FROM THE FESTIVAL, THE ORGANIZTION AWARDED OVER 26,000 IN SCHOLARHSIPS AND 3,600 TO LOCAL SMALL BUSINESSES, FAMILIES WHO RUN VENDOR BOOTHS, AND SCHOOL ORGANIZATIONS AND NONPROFITS WHO RAISE MONEY AT THE EVENT.

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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 $187,821

Program Service Revenue $113,819

Investment Income $0

Other Revenue $2,173

TOTAL REVENUE $303,813

Expense Breakdown

Grants Paid $29,600

Salaries & Benefits $0

Fundraising Expenses $25,513

Program Expenses $220,247

Other Expenses $220,390

TOTAL EXPENSES $249,990

Year-over-Year Comparison

	2023	2022	Change
Revenue	$303,813	$193,061	+0.6%
Expenses	$249,990	$194,281	+0.3%
Net Income	$53,823	$-1,220	-45.1%

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

250

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
CARLOS ANAYA	PRESIDENT	005.00	Officer Director	$0	$0	$0
GLADYS ANAYA	SECRETARY	003.00	Officer Director	$0	$0	$0
LUIS A HEREDIA	EXECUTIVE DIRECTOR	010.00	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	$303,813	$249,990	$82,024	$53,823
2022	$193,061	$194,281	$34,179	$-1,220
2021	$227,342	$210,018	$34,874	$17,324
2020	$4,912	$52,419	$11,244	$-47,507
2019	$238,565	$259,609	$28,036	$-21,044
2018	$314,439	$319,045	$49,080	$-4,606