MILAN FESTIVALS INC (EIN 341753470) - 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

1950

Legal Domicile

Phone

4196561972

Tax Period

2024-01-01 to 2024-12-31

MILAN FESTIVALS INC, founded in 1950, is a micro nonprofit that reported $60K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

TO OPERATE AN ALL INCLUSIVE FESTIVAL THAT CELEBRATES THE HISTORY AND UNIQUE CHARACTERISTICS OF THE MILAN AREA. SCHOLARSHIPS ARE AWARDED ANNUALLY AS PART OF THE ORGANIZATIONS PURPOSE.

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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 $2,000

Program Service Revenue $57,859

Investment Income $6

Other Revenue $0

TOTAL REVENUE $59,865

Expense Breakdown

Grants Paid $3,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $58,475

Other Expenses $54,975

TOTAL EXPENSES $58,475

Year-over-Year Comparison

	2024	2023	Change
Revenue	$59,865	$64,580	-0.1%
Expenses	$58,475	$59,294	0.0%
Net Income	$1,390	$5,286	-0.7%

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

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
LORI LEWIS	TRUSTEE	0.00	Director	$0	$0	$0
APRIL ORTIZ	TRUSTEE	0.00	Director	$0	$0	$0
JACLYNN WIGNER	TREASURER	1.00	Officer	$0	$0	$0
MIKE LEWIS	PRESIDENT	1.00	Officer	$0	$0	$0
MANDI RICHARDS	SECRETARY	1.00	Officer	$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
2024	$59,865	$58,475	$81,663	$1,390
2022	$43,400	$48,844	$74,431	$-5,444
2021	$52,624	$42,044	$79,875	$10,580
2020	$6,448	$5,988	$69,295	$460
2019	$52,208	$9,499	$88,784	$42,709
2019	$71,581	$48,822	$68,835	$22,759
2018	$54,593	$41,790	$46,075	$12,803

MILAN FESTIVALS INC