TEMECULA VALLEY BALLOON & WINE FESTIVAL (EIN 330482589) - 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

1983

Legal Domicile

Principal Officer

SCOTT SOARES

Phone

9512961698

Tax Period

2021-10-01 to 2022-09-30

TEMECULA VALLEY BALLOON & WINE FESTIVAL, founded in 1983, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2021. Expenses of $1.6M exceeded revenue, resulting in a 13% operating deficit.

Mission

ANNUAL FESTIVAL HELD TO PROMOTE AND ENHANCE THE PUBLIC'S AWARENESS OF HOT AIR BALLOONING AND WINE MAKING WHICH ARE MAJOR ATTRACTIONS IN THE TEMECULA VALLEY. THE LONG TERM GOAL OF THE ASSOCIATION IS TO PROMOTE EDUCATION AND CHARITABLE ORGANIZATIONS.

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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 $1,458,646

Program Service Revenue $0

Investment Income $2

Other Revenue $0

TOTAL REVENUE $1,458,648

Expense Breakdown

Grants Paid $0

Salaries & Benefits $91,445

Fundraising Expenses $0

Program Expenses $1,598,057

Other Expenses $1,555,880

TOTAL EXPENSES $1,647,325

Year-over-Year Comparison

	2021	2020	Change
Revenue	$1,458,648	N/A	N/A
Expenses	$1,647,325	N/A	N/A
Net Income	$-188,677	N/A	N/A

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

N/A

Employees

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
PARWIT HASS	Director	1.00	Director	$0	$0	$0
LYNN SHAVER	Director	4.00	Director	$0	$0	$0
EDWARD NESS	Vice President	1.00	Officer Director	$0	$0	$0
SCOTT SOARES	President	2.00	Officer Director	$0	$0	$0
ROBERT CARTER	Secretary	2.00	Officer Director	$0	$0	$0
JERRY MILLS	Director	1.00	Director	$0	$0	$0
BRETT DAVIDSON	Director	1.00	Director	$0	$0	$0
WILLIAM BABB	Director	1.00	Director	$0	$0	$0
DOUGLAS NOTTINGHAM	Treasurer	2.00	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
2022	$1,458,648	$1,647,325	$67,910	$-188,677
2020	$287,877	$245,874	$217,595	$42,003
2019	$1,673,427	$1,920,995	$165,789	$-247,568
2018	$1,688,522	$2,028,579	$425,766	$-340,057

TEMECULA VALLEY BALLOON & WINE FESTIVAL