Three Rivers Festival Executive Board In (EIN 351338028) - 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

Sara Roach

Tax Period

2023-10-01 to 2024-09-30

Three Rivers Festival Executive Board In, founded in 1967, is a small nonprofit that reported $760K in total revenue in fiscal year 2023. Expenses of $1.3M exceeded revenue, resulting in a 65% operating deficit.

Mission

ORGANIZE AN ANNUAL 9-DAY CELEBRATION OF THE FORT WAYNE COMMUNITY WITH RECREATIONAL AND EDUCATIONAL ACTIVITIES FOR THE WHOLE FAMILY

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,000

Program Service Revenue $754,181

Investment Income $2,036

Other Revenue $2,691

TOTAL REVENUE $759,908

Expense Breakdown

Grants Paid $11,111

Salaries & Benefits $141,727

Fundraising Expenses $74,021

Program Expenses $1,066,815

Other Expenses $1,100,153

TOTAL EXPENSES $1,254,741

Year-over-Year Comparison

	2023	2022	Change
Revenue	$759,908	$730,458	+0.0%
Expenses	$1,254,741	$880,797	+0.4%
Net Income	$-494,833	$-150,339	+2.3%

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

Volunteers

370

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
Sara Roach	President	1.00	Officer Director	$0	$0	$0
Jerry White	Vice President	1.00	Officer Director	$0	$0	$0
Doreen Benavente	Secretary	1.00	Officer Director	$0	$0	$0
Justin Meisner	Treasurer	1.00	Officer Director	$0	$0	$0
Jodi Scherrer	Director	1.00	Director	$0	$0	$0
Mike Holley	Director	1.00	Director	$0	$0	$0
Daryn Schwartz	Director	1.00	Director	$0	$0	$0
Jason Cowan	Director	1.00	Director	$0	$0	$0
Ryan Gardner	Trustee	1.00	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
2024	$759,908	$1,254,741	$69,474	$-494,833
2023	$730,458	$880,797	$204,357	$-150,339
2022	$1,158,100	$955,578	$378,094	$202,522
2021	$834,035	$710,665	$195,560	$123,370
2020	$184,514	$191,664	$120,057	$-7,150
2019	$848,694	$881,255	$95,425	$-32,561
2018	$999,767	$1,000,621	$142,104	$-854

Three Rivers Festival Executive Board In