FALLON FESTIVAL ASSOCIATION INC (EIN 271811685) - 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

1985

Legal Domicile

Principal Officer

JAMES UPHAM

Phone

7758668474

Tax Period

2024-01-01 to 2024-12-31

FALLON FESTIVAL ASSOCIATION INC, founded in 1985, is a small nonprofit in the Recreation & Sports sector that reported $364K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $436K exceeded revenue, resulting in a 20% operating deficit.

Mission

PROMOTE COMMUNITY EVENT TO THE PUBLIC. PROMOTE THE COMMUNITY OF FALLON AND CHURCHILL COUNTY BY ORGANIZING COMMUNITY EVENTS FOR THE GENERAL PUBLIC THROUGHOUT CHURCHILL COUNTY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $133,940

Program Service Revenue $229,887

Investment Income $13

Other Revenue $0

TOTAL REVENUE $363,840

Expense Breakdown

Grants Paid $3,233

Salaries & Benefits $55,043

Fundraising Expenses $0

Program Expenses $435,710

Other Expenses $377,434

TOTAL EXPENSES $435,710

Year-over-Year Comparison

	2024	2023	Change
Revenue	$363,840	$324,880	+0.1%
Expenses	$435,710	$386,694	+0.1%
Net Income	$-71,870	$-61,814	+0.2%

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

200

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
MICHELLE ROGERS	SECRETARY	5.00	Officer	$0	$0	$0
ANGELA GUTHERIE	TREASURER	5.00	Officer	$0	$0	$0
JAMES UPHMAN	CHAIRMAN	5.00	Officer	$0	$0	$0
TODD MORETTO	VICE CHAIR	5.00	Officer	$0	$0	$0
SAMANTHA HORNING	SECRETARY	5.00	Officer	$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	$363,840	$435,710	$312,081	$-71,870
2023	$324,880	$386,694	$118,513	$-61,814
2022	$267,420	$247,896	$180,474	$19,524
2019	$144,497	$114,340	$129,029	$30,157
2018	$229,144	$165,275	$98,936	$63,869

FALLON FESTIVAL ASSOCIATION INC