Third Coast International Audio Festival (EIN 264611880) - 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

2009

Legal Domicile

Principal Officer

Scott Healy

Phone

3129484682

Tax Period

2023-01-01 to 2023-12-31

Third Coast International Audio Festival, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $279K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $358K exceeded revenue, resulting in a 29% operating deficit.

Mission

To cultivate a growing international culture of listening.

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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 $165,774

Program Service Revenue $76,490

Investment Income $94

Other Revenue $36,146

TOTAL REVENUE $278,504

Expense Breakdown

Grants Paid $0

Salaries & Benefits $256,351

Fundraising Expenses $27,275

Program Expenses $285,618

Other Expenses $101,926

TOTAL EXPENSES $358,277

Year-over-Year Comparison

	2023	2022	Change
Revenue	$278,504	$238,417	+0.2%
Expenses	$358,277	$240,831	+0.5%
Net Income	$-79,773	$-2,414	+32.0%

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

Volunteers

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

$159,224

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Maya GOLDBERG-SAFIR	Co-Director	40.00	Officer	$79,612	$0	$79,612
EMILY Kennedy	Co-Director	40.00	Officer	$79,612	$0	$79,612
Scott Healy	President	1.00	Officer Director	$0	$0	$0
Gail Kim	Sec./Treasurer	1.00	Officer Director	$0	$0	$0
Mary Murphy	Director	1.00	Director	$0	$0	$0
Lane Vanderslice	Director	1.00	Director	$0	$0	$0
Jenny Asarnow	Director	1.00	Director	$0	$0	$0
Phyllis Fletcher	Director	1.00	Director	$0	$0	$0
Jocelyn Robinson	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	$278,504	$358,277	$116,669	$-79,773
2022	$238,417	$240,831	$98,056	$-2,414
2021	$253,609	$313,837	$161,971	$-60,228
2020	$405,206	$453,308	$224,532	$-48,102
2019	$568,462	$750,107	$217,701	$-181,645
2018	$684,082	$706,848	$384,397	$-22,766

Third Coast International Audio Festival