FAIRPORT MUSIC AND FOOD FESTIVAL I… - Form 990 Financial Data

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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

2012

Legal Domicile

Principal Officer

ANDREW MCDERMOTT

Phone

5853703831

Tax Period

2023-01-01 to 2023-12-31

FAIRPORT MUSIC AND FOOD FESTIVAL INC, founded in 2012, is a small nonprofit in the Health Care sector that reported $616K in total revenue in fiscal year 2023.

Mission

THE DEVELOPMENT, ORGANIZATION, AND DELIVERY OF AN ANNUAL MUSIC AND FOOD FESTIVAL WHICH WILL BE CONDUCTED TO RAISE MONEY, MATERIAL DONATIONS AND/OR AWARENESS FOR CHARITABLE ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $610,124 Revenue: $406,227

THE DEVELOPMENT, ORGANIZATION, AND DELIVERY OF AN ANNUAL MUSIC AND FOOD FESTIVAL AND VARIOUS POP UP EVENTS WHICH WILL BE CONDUCTED TO RAISE MONEY, MATERIAL DONATIONS AND/OF AWARENESS FOR CHARTITABLE ORGANIZATIONS. IN 2023, THE ORGANIZATION DONATED $291,824 TO GOLISANO CHILDREN'S HOSPITAL FROM THE PROCEEDS OF THE EVENTS.

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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 $209,684

Program Service Revenue $406,227

Investment Income $0

Other Revenue $0

TOTAL REVENUE $615,911

Expense Breakdown

Grants Paid $291,824

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $610,124

Other Expenses $325,409

TOTAL EXPENSES $617,233

Year-over-Year Comparison

	2023	2022	Change
Revenue	$615,911	$582,311	+0.1%
Expenses	$617,233	$580,922	+0.1%
Net Income	$-1,322	$1,389	-2.0%

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

N/A

Volunteers

100

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
ANDREW MCDERMOTT	PRESIDENT	5.00	Officer Director	$0	$0	$0
ROBERT BURCH	SECRETARY	5.00	Officer Director	$0	$0	$0
KATI HEALY	TREASURER	5.00	Officer Director	$0	$0	$0
DARRYL WALCZAK	MEMBER	5.00	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	$615,911	$617,233	$10,393	$-1,322
2022	$582,311	$580,922	$11,715	$1,389
2021	$454,186	$459,784	$10,326	$-5,598
2020	$97,272	$94,496	$15,924	$2,776
2019	$498,211	$504,780	$13,148	$-6,569
2018	$450,384	$437,637	$19,717	$12,747

FAIRPORT MUSIC AND FOOD FESTIVAL INC