Little Italy Festival Town Inc (EIN 351124912) - 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

1967

Legal Domicile

Principal Officer

Adria Davis

Tax Period

2020-01-01 to 2020-12-31

Little Italy Festival Town Inc, founded in 1967, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $8K in total revenue in fiscal year 2020. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $39K exceeded revenue, resulting in a 392% operating deficit.

Mission

EDUCATION, PRESERVATION & PROMOTION OF ITALIAN CULTURE AND HERITAGE BY HOLDING AN ANNUAL FESTIVAL EACH LABOR DAY WEEKEND IN CLINTON, INDIANA.

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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 (2020)

Revenue Breakdown

Contributions & Grants $3,220

Program Service Revenue $0

Investment Income $295

Other Revenue $4,370

TOTAL REVENUE $7,885

Expense Breakdown

Grants Paid $1,225

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $36,938

Other Expenses $37,587

TOTAL EXPENSES $38,812

Year-over-Year Comparison

	2020	2019	Change
Revenue	$7,885	$50,891	-0.8%
Expenses	$38,812	$48,945	-0.2%
Net Income	$-30,927	$1,946	-16.9%

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
Adele Fossi	Treasurer	3.00	Officer Director	$0	$0	$0
Jacqueline Roberts	Secretary	1.00	Officer Director	$0	$0	$0
Adria Davis	President	3.00	Officer Director	$0	$0	$0
Barry Lilley	Vice President	1.00	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
2020	$7,885	$38,812	$185,334	$-30,927
2019	$50,891	$48,945	$266,231	$1,946
2018	$31,012	$52,994	$203,986	$-21,982

Little Italy Festival Town Inc