ASCENSION FESTIVALS AND CULTURAL COUNCIL INC (EIN 272157716) - 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

2010

Legal Domicile

Principal Officer

JILL GAUTREAU

Phone

2254501009

Tax Period

2017-07-01 to 2018-06-30

ASCENSION FESTIVALS AND CULTURAL COUNCIL INC, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $257K in total revenue in fiscal year 2017. The organization ran a surplus of $112K, a strong 43% operating margin.

Mission

PROMOTE, PRESERVE, PERPETUATE AND ENCOURAGE THE MUSIC, CULTURE, AND HERITAGE OF COMMUNITIES IN LOUISIANA THROUGH FESTIVALS, PROGRAMS, AND OTHER CULTURAL, EDUCATIONAL, CIVIC AND ECONOMIC ACTIVITIES.

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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 (2017)

Revenue Breakdown

Contributions & Grants $92,350

Program Service Revenue $164,481

Investment Income $0

Other Revenue $0

TOTAL REVENUE $256,831

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $9,445

Program Expenses $133,539

Other Expenses $145,190

TOTAL EXPENSES $145,190

Year-over-Year Comparison

	2017	2016	Change
Revenue	$256,831	N/A	N/A
Expenses	$145,190	$25,352	+4.7%
Net Income	$111,641	$-25,352	-5.4%

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

N/A

Volunteers

150

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
JILL GAUTREAU	PRESIDENT (4/9-6/30)	1.00	Officer Director	$0	$0	$0
JAZZ TRAYLOR	PRESIDENT (7/1-4/9)	1.00	Officer Director	$0	$0	$0
MARK LACOUR	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
AUDREY BOUDREAUX	SECRETARY	1.00	Officer Director	$0	$0	$0
CELESTE HARRIS	TREASURER	1.00	Officer Director	$0	$0	$0
BARBARA MELANCON	MEMBER	1.00	Director	$0	$0	$0
KIN FIRMAN	MEMBER	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
2018	$256,831	$145,190	$208,344	$111,641

ASCENSION FESTIVALS AND CULTURAL COUNCIL INC