BROOKLYN, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
TO ADVANCE AND PROMOTE INTERNATIONAL PERFORMING ARTS TRADITIONS THROUGHOUT THE NORTH AMERICAN PRESENTING FIELD THROUGH ACTIVITIES INCLUDING FESTIVALS, SHOWCASES AND CONCERTS, ETC.
Globalfest Flagship Festival - takes place every January and is North Americas most important world music industry event. It sells out in advance consistently each year, attracting over 1,500 music...
Globalfest Flagship Festival - takes place every January and is North Americas most important world music industry event. It sells out in advance consistently each year, attracting over 1,500 music industry professionals, members of the press and music fans. Tours and cultural exchanges that result from Globalfest showcases have helped to build an ever-widening audience for global music and by extension, an increase in international cooperation and collaboration.
Wavelengths Conference is normally held during the APAP conference in New York each January and serves as space for critical dialogues between artists and arts professionals. It is considered an...
Wavelengths Conference is normally held during the APAP conference in New York each January and serves as space for critical dialogues between artists and arts professionals. It is considered an accessible resource for career development, networking, and leadership opportunities for the next generations of NYC arts professionals with an emphasis on younger BIPOC colleagues.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare GLOBALFEST INC with other nonprofits in New York and across the country.