GLOBALFEST INC (EIN 273612523) - 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

SHANNON THAKE

Phone

2125398540

Tax Period

2024-07-01 to 2025-06-30

GLOBALFEST INC, founded in 2010, is a small nonprofit in the Human Services sector that reported $514K in total revenue in fiscal year 2024. Revenue surged 228% from the prior year, signaling strong growth momentum. The organization ran a surplus of $314K, a strong 61% operating margin.

Mission

TO ADVANCE AND PROMOTE INTERNATIONAL PERFORMING ARTS TRADITIONS THROUGHOUT THE NORTH AMERICAN PRESENTING FIELD THROUGH ACTIVITIES INCLUDING FESTIVALS, SHOWCASES AND CONCERTS, ETC.

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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 $424,525

Program Service Revenue $88,276

Investment Income $0

Other Revenue $1,500

TOTAL REVENUE $514,301

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,526

Fundraising Expenses $5,544

Program Expenses $153,795

Other Expenses $167,439

TOTAL EXPENSES $199,965

Year-over-Year Comparison

	2024	2023	Change
Revenue	$514,301	$156,974	+2.3%
Expenses	$199,965	$233,265	-0.1%
Net Income	$314,336	$-76,291	-5.1%

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

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

$28,605

Total Directors

$17,280

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ISABEL SOFFER	PRESIDENT	15.00	Officer Director	$17,280	$0	$17,280
IAN THAKE	ADMIN MANAGER	9.00	Officer	$11,325	$0	$11,325
SHANNON THAKE	TREASURER	10.00	Officer Director	$0	$0	$0
BILL BRAGIN	SECRETARY	15.00	Officer 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
2025	$514,301	$199,965	$353,518	$314,336
2024	$156,974	$233,265	$31,692	$-76,291
2023	$111,384	$185,907	$107,983	$-74,523
2022	$81,109	$125,435	$182,506	$-44,326
2021	$100,141	$193,720	$228,332	$-93,579
2020	$240,036	$189,853	$321,911	$50,183
2019	$114,412	$208,772	$281,926	$-94,360
2018	$360,670	$241,949	$368,586	$118,721

GLOBALFEST INC