RISING TIDE CRISFIELD INC C/O TANG… - 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

2024

Legal Domicile

Principal Officer

KARA RAAB

Phone

4109689200

Tax Period

2024-11-04 to 2025-10-31

RISING TIDE CRISFIELD INC C/O TANGIER SOUND MUSIC FESTIVAL, founded in 2024, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $17K in total revenue in fiscal year 2024. The organization ran a surplus of $12K, a strong 70% operating margin.

Mission

PROMOTE TOURISM AND ECONOMIC DEVELOPMENT IN CRISFIELD, MARYLAND AND SOMERSET COUNTY MD

Program Service Accomplishments

Program 1

WE ARE DEDICATED TO REVITALIZING THE CRISFIELD AND SOMERSET COUNTY, MARYLAND COMMUNITY THROUGH STRATEGIC INITIATIVES AND CULTURAL EVENTS. OUR MISSION IS TO LIFT UP THE COMMUNITY, BY SUPPORTING OUR...

WE ARE DEDICATED TO REVITALIZING THE CRISFIELD AND SOMERSET COUNTY, MARYLAND COMMUNITY THROUGH STRATEGIC INITIATIVES AND CULTURAL EVENTS. OUR MISSION IS TO LIFT UP THE COMMUNITY, BY SUPPORTING OUR LOCAL BUSINESS AND STUDENTS, WE WILL BOLSTER OUR ENTIRE COMMUNITY. WE HOST COMMUNITY EVENTS THAT PROMOTE CRISFIELD'S UNIQUE HERITAGE, FACILITATE ECONOMIC DEVELOPMENT, PROMOTE TOURISM, AND SUPPORT OUR LOCAL COMMUNITY AND SURROUNDING SOMERSET COUNTY, MD.

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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 $50,000

Program Service Revenue $0

Investment Income $0

Other Revenue $-33,103

TOTAL REVENUE $16,897

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $5,077

TOTAL EXPENSES $5,077

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,897	N/A	N/A
Expenses	$5,077	N/A	N/A
Net Income	$11,820	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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARA RAAB	DIRECTOR	5.00	Officer Director	$0	$0	$0
STEPHEN RAAB	DIRECTOR	5.00	Officer Director	$0	$0	$0
JOHN PHOEBUS	DIRECTOR	5.00	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	$16,897	$5,077	$11,820	$11,820

RISING TIDE CRISFIELD INC C/O TANGIER SOUND MUSIC FESTIVAL