BOSTON BOOK 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

2008

Legal Domicile

Principal Officer

JENNY DWORKIN

Phone

8577061101

Tax Period

2023-01-01 to 2023-12-31

BOSTON BOOK FESTIVAL INC, founded in 2008, is a small nonprofit in the Education sector that reported $669K in total revenue in fiscal year 2023. Revenue surged 85% from the prior year, signaling strong growth momentum. Expenses of $622K left a modest 7% surplus.

Mission

THE BOSTON BOOK FESTIVAL CELEBRATES THE POWER OF WORDS TO STIMULATE, AGITATE, UNITE, DELIGHT, AND INSPIRE BY HOLDING YEAR-ROUND EVENTS CULMINATING IN AN ANNUAL, FREE FESTIVAL THAT PROMOTES A CULTURE OF READING AND IDEAS AND ENHANCES THE VIBRANCY OF THE GREATER BOSTON REGION AND BEYOND.

Program Service Accomplishments

Program 1

Expenses: $469,832

ON OCTOBER 14, 2023, THE BOSTON BOOK FESTIVAL PRODUCED A FREE EVENT ENTITLED THE BOSTON BOOK FESTIVAL. IT WAS HELD IN COPLEY SQUARE IN DOWNTOWN BOSTON. 30,000 READERS OF ALL AGES FROM ACROSS NEW...

ON OCTOBER 14, 2023, THE BOSTON BOOK FESTIVAL PRODUCED A FREE EVENT ENTITLED THE BOSTON BOOK FESTIVAL. IT WAS HELD IN COPLEY SQUARE IN DOWNTOWN BOSTON. 30,000 READERS OF ALL AGES FROM ACROSS NEW ENGLAND ATTENDED. 200 AUTHORS PARTICIPATED THROUGHOUT THE DAY IN PANELS, READINGS, PRESENTATIONS, AND WORKSHOPS. THERE ALSO WAS A STREET FESTIVAL THAT FEATURED 34 EXHIBITORS AND VENDORS AND A LIVE MUSIC STAGE. IN ADDITION TO THIS EXTRAORDINARY DAY, OUR ORGANIZATION RAN JUSTKIDS! ON OCTOBER 22, A DAY-LONG LITERARY CELEBRATION FOR CHILDREN (4-14) CREATED IN PARTNERSHIP WITH THE ROXBURY NEIGHBORHOOD COMMUNITY LEADERS AND STAKEHOLDERS.

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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 $653,402

Program Service Revenue $0

Investment Income $11,414

Other Revenue $3,856

TOTAL REVENUE $668,672

Expense Breakdown

Grants Paid $0

Salaries & Benefits $164,519

Fundraising Expenses $17,909

Program Expenses $469,832

Other Expenses $457,672

TOTAL EXPENSES $622,191

Year-over-Year Comparison

	2023	2022	Change
Revenue	$668,672	$361,480	+0.8%
Expenses	$622,191	$480,683	+0.3%
Net Income	$46,481	$-119,203	-1.4%

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

300

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

$95,451

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNY DWORKIN	EXECUTIVE DIRECTOR	40.00	Officer	$91,731	$3,720	$95,451
JEANNE BLASBERG	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRISTINE MASTRANGELO	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
VALERIE ROSENBERG	TREASURER	2.00	Officer Director	$0	$0	$0
DAWN TRIPP	CLERK	2.00	Officer Director	$0	$0	$0
USHA PASI	DIRECTOR	2.00	Director	$0	$0	$0
CALLIE CROSSLEY	DIRECTOR	2.00	Director	$0	$0	$0
AMY MACDONALD	DIRECTOR	2.00	Director	$0	$0	$0
ERIK ERLINGSSON	DIRECTOR	2.00	Director	$0	$0	$0
ANNA KOLCHINSKY	DIRECTOR	2.00	Director	$0	$0	$0
DEBORAH Z PORTER	DIRECTOR	2.00	Director	$0	$0	$0
JEFF MAYERSOHN	DIRECTOR	2.00	Director	$0	$0	$0
JERYL ORISTAGLIO	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT DUBOFF	DIRECTOR	2.00	Director	$0	$0	$0
KATHERINE FLYNN	DIRECTOR	2.00	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	$668,672	$622,191	$487,609	$46,481
2022	$361,480	$480,683	$447,346	$-119,203
2021	$369,212	$294,900	$602,552	$74,312
2020	$400,289	$283,378	$512,966	$116,911
2019	$510,147	$562,793	$367,728	$-52,646