FESTIVAL ON THE BRAZOS

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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

1970

Legal Domicile

Principal Officer

MISSY LARSON

Phone

2547174473

Tax Period

2022-07-01 to 2023-06-30

FESTIVAL ON THE BRAZOS, founded in 1970, is a small nonprofit in the Arts, Culture & Humanities sector that reported $595K in total revenue in fiscal year 2022. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $523K left a modest 12% surplus.

Mission

THE MISSION OF FESTIVAL ON THE BRAZOS IS TO EDUCATE OUR CITIZENS AND VISITORS ABOUT OUR CITY'S HISTORY AND TO CELEBRATE WACO AND TEXAS.

Program Service Accomplishments

Program 1

Expenses: $506,120 Revenue: $364,776

SPONSORS AND ORGANIZES THE HISTORIC FESTIVAL ON THE BRAZOS PRODUCTION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $238,683

Program Service Revenue $349,613

Investment Income $6,259

Other Revenue $0

TOTAL REVENUE $594,555

Expense Breakdown

Grants Paid $4,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $506,120

Other Expenses $519,141

TOTAL EXPENSES $523,141

Year-over-Year Comparison

	2022	2021	Change
Revenue	$594,555	$539,189	+0.1%
Expenses	$523,141	$518,961	+0.0%
Net Income	$71,414	$20,228	+2.5%

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

325

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	Role	Reportable Comp	Other Comp	Total
CARLA DARDEN	BOARD SECRETARY	Officer Director	$0	$0	$0
MISSY LARSON	BOARD PRESIDENT	Officer Director	$0	$0	$0
SUSAN HARRIMAN	BOARD TREASURER	Officer Director	$0	$0	$0
SHANNA MATTSON	PAST GENERAL CHAIRMAN	Director	$0	$0	$0
LAURA INDERGARD	PAST GENERAL CHAIRMAN	Director	$0	$0	$0
LEN BROWN	ARCHIVIST	Director	$0	$0	$0
MARGARET C B BROWN	FOUNDING MEMBER	Director	$0	$0	$0
BETTY HAAS	ADVISORY COUNCIL	Director	$0	$0	$0
KAY BOND	ADVISORY COUNCIL	Director	$0	$0	$0
MARTHA KATE GUNN	PAST GENERAL CHAIRMAN	Director	$0	$0	$0
CHRISTY HOLZE	GENERAL CHAIRMAN	Director	$0	$0	$0
DAVID DICKSON	DIRECTOR	Director	$0	$0	$0
CHRISTI YOUNG	PAST GENERAL CHAIRMAN	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$594,555	$523,141	$238,527	$71,414
2022	$539,189	$518,961	$166,535	$20,228
2021	$285,284	$531,871	$145,235	$-246,587
2020	$304,610	$238,452	$391,822	$66,158
2019	$456,118	$457,190	$325,664	$-1,072
2018	$426,869	$393,428	$326,736	$33,441