SIESTA BEACH FESTIVAL INC (EIN 272801203) - 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

MARK SMITH

Phone

9413493800

Tax Period

2021-01-01 to 2021-12-31

SIESTA BEACH FESTIVAL INC, founded in 2010, is a micro nonprofit that reported $16 in total revenue in fiscal year 2021. Revenue decreased 20% compared to the prior year. Expenses of $118K exceeded revenue, resulting in a 739800% operating deficit.

Mission

TO PROMOTE TOURISM, LOCAL BUSINESSES AND THE VISUAL ARTS THROUGH A COLLABORATIVE PARTNERSHIP WITH THE COMMUNITY AND LOCAL NON-PROFIT ORGANIZATIONS VIA THE PRODUCTION OF A SCULPTURE FESTIVAL HELD ON THE #1 BEACH IN THE US.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $16

Other Revenue $0

TOTAL REVENUE $16

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $108,356

Other Expenses $118,384

TOTAL EXPENSES $118,384

Year-over-Year Comparison

	2021	2020	Change
Revenue	$16	$20	-0.2%
Expenses	$118,384	$49,593	+1.4%
Net Income	$-118,368	$-49,573	+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

N/A

Volunteers

N/A

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
MIKE GATZ	DIRECTOR	0.30	Director	$0	$0	$0
MARK SMITH	CHAIRMAN	0.30	Officer Director	$0	$0	$0
STEVE CAVANAUGH	DIRECTOR	0.30	Director	$0	$0	$0
KARA ALTICE-MONTES	DIRECTOR	0.30	Director	$0	$0	$0
ERIC FLEMMING	DIRECTOR	0.30	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
2021	$16	$118,384	$80,192	$-118,368
2020	$20	$49,593	$198,560	$-49,573
2019	$344,421	$304,243	$242,649	$40,178
2018	$426,754	$334,818	$201,471	$91,936

SIESTA BEACH FESTIVAL INC