MANCHESTERBYTHESEA, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEWPORT FESTIVALS FOUNDATION INC, founded in 2010, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $12.5M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $11.9M left a modest 5% surplus.
NEWPORT FESTIVAL FOUNDATION'S MISSION IS TO CREATE MOMENTS OF HOPE THROUGH THE POWER OF MUSIC AND COMMUNITY.
IN 2024, THE NEWPORT FOLK FESTIVAL CELEBRATED ITS 65TH ANNIVERSARY. THE FESTIVAL WAS HELD AT FORT ADAMS STATE PARK FROM JULY 26-28. THE FESTIVAL HIGHLIGHTED OVER 60 PERFORMANCES FROM BOTH NEW, UP AND...
IN 2024, THE NEWPORT FOLK FESTIVAL CELEBRATED ITS 65TH ANNIVERSARY. THE FESTIVAL WAS HELD AT FORT ADAMS STATE PARK FROM JULY 26-28. THE FESTIVAL HIGHLIGHTED OVER 60 PERFORMANCES FROM BOTH NEW, UP AND COMING ARTISTS AND ESTABLISHED LEGENDS.
IN 2024, THE NEWPORT JAZZ FESTIVAL CELEBRATED ITS 70TH ANNIVERSARY. THE FESTIVAL WAS HELD AT FORT ADAMS STATE PARK FROM AUGUST 2-4. THE FESTIVAL HIGHLIGHTED OVER 60 PERFORMANCES FROM BOTH NEW, UP AND...
IN 2024, THE NEWPORT JAZZ FESTIVAL CELEBRATED ITS 70TH ANNIVERSARY. THE FESTIVAL WAS HELD AT FORT ADAMS STATE PARK FROM AUGUST 2-4. THE FESTIVAL HIGHLIGHTED OVER 60 PERFORMANCES FROM BOTH NEW, UP AND COMING ARTISTS AND ESTABLISHED LEGENDS.
IN 2024, NEWPORT FESTIVALS FOUNDATION CONTINUED TO GROW ITS YEAR-ROUND MUSIC EDUCATION PROGRAMMING. 2024 PROGRAMS INCLUDED FREE MUSIC LESSONS, SUMMER CAMPS, INSTRUMENT DONATIONS, FREE AFTER SCHOOL...
IN 2024, NEWPORT FESTIVALS FOUNDATION CONTINUED TO GROW ITS YEAR-ROUND MUSIC EDUCATION PROGRAMMING. 2024 PROGRAMS INCLUDED FREE MUSIC LESSONS, SUMMER CAMPS, INSTRUMENT DONATIONS, FREE AFTER SCHOOL MUSIC PROGRAMS, MUSICIAN RELIEF FUNDS, AND PARTNERING WITH NEWPORT FESTIVALS ARTISTS TO CREATE CONTENT TO BE SHARED FREE OF CHARGE TO MUSIC EDUCATION PROGRAMS ACROSS THE COUNTRY. FREE FESTIVAL ACCESS WAS PROVIDED FOR SELECT LOCAL NONPROFITS, HIGH SCHOOL STUDENTS AND ALL CHILDREN UNDER 10.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $12,529,562 | $11,504,009 | +0.1% |
| Expenses | $11,903,144 | $10,318,956 | +0.2% |
| Net Income | $626,418 | $1,185,053 | -0.5% |
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 |
|---|---|---|---|---|---|---|
| BRUCE S GORDON | BOARD MEMBER/CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| NICHOLAS L PELL | BOARD MEMBER/TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| TIM ALBINSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| NICOLE BERNARD DAWES | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| PATRICIA BLANCHET | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| PAULA BOGGS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RICHARD M CASHIN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL DORF | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVEN GEWIRZ | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| VIKAS KAPOOR | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ROGER KASS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JESSICA KAUSEN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JIM LANZONE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| C RONALD MACKENZIE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RON MCCRAY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LARRY MILLER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| WARD MOONEY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ALBERT JAY SWEET | BOARD MEMBER/EXECUTIVE DIR | 40.00 |
Officer
Director
|
$348,200 | $0 | $348,200 |
| WILLIAM VAREIKA | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KIRA KARBOCUS | CHIEF OPERATING OFFICER(FORMER) | 40.00 |
Officer
|
$189,861 | $0 | $189,861 |
| CHRISTOPHER CAPOTOSTO | CHIEF CREATIVE OFFICER | 40.00 |
Officer
|
$174,939 | $0 | $174,939 |
| JENNIFER RIEBER | EVENT DIRECTOR | 40.00 |
Officer
|
$148,801 | $0 | $148,801 |
| WILLIAM GLASSNER | PARTNERSHIP DIRECTOR & ARC | 40.00 |
Officer
|
$109,003 | $0 | $109,003 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $12,529,562 | $11,903,144 | $26,656,308 | $626,418 |
| 2023 | $11,504,009 | $10,318,956 | $21,607,778 | $1,185,053 |
| 2022 | $11,611,114 | $9,577,985 | $18,922,617 | $2,033,129 |
| 2021 | $11,132,304 | $7,335,714 | $20,080,911 | $3,796,590 |
| 2020 | $4,708,778 | $2,716,671 | $15,287,633 | $1,992,107 |
| 2019 | $8,009,887 | $7,365,048 | $12,945,922 | $644,839 |
| 2018 | $7,857,673 | $6,847,637 | $11,379,658 | $1,010,036 |
Compare NEWPORT FESTIVALS FOUNDATION INC with other nonprofits in Massachusetts and across the country.