INTERNATIONAL FRIENDSHIP GARDENS MUSIC FESTIVAL INC (EIN 356044071) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1936

Legal Domicile

Principal Officer

RIMA BINDER

Phone

2198789885

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL FRIENDSHIP GARDENS MUSIC FESTIVAL INC, founded in 1936, is a small nonprofit that reported $449K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $510K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO CREATE A NATURE-FILLED SANCTUARY FOR ALL PEOPLE, AS WE ENRICH OUR COMMUNITY THROUGH CULTURAL, EDUCATIONAL AND SOCIAL EVENTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $155,963

Program Service Revenue $288,074

Investment Income $5,391

Other Revenue $28

TOTAL REVENUE $449,456

Expense Breakdown

Grants Paid $0

Salaries & Benefits $230,583

Fundraising Expenses $78,169

Program Expenses $277,661

Other Expenses $279,414

TOTAL EXPENSES $509,997

Year-over-Year Comparison

	2024	2023	Change
Revenue	$449,456	$619,065	-0.3%
Expenses	$509,997	$636,369	-0.2%
Net Income	$-60,541	$-17,304	+2.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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
JACKIE CARROLL	TREASURER	2.00	Officer Director	$0	$0	$0
KEVIN EGAN	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD HOUCK	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD HOUCK III	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
DALE MAHER	SECRETARY	2.00	Officer Director	$0	$0	$0
OLEIF OLSAKER	DIRECTOR	2.00	Director	$0	$0	$0
LESLIE SAMELSON	DIRECTOR	2.00	Director	$0	$0	$0
RIMA BINDER	PRESIDENT	4.00	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	$449,456	$509,997	$801,651	$-60,541
2023	$619,065	$636,369	$843,085	$-17,304
2022	$684,013	$704,278	$861,840	$-20,265
2021	$644,243	$691,747	$876,760	$-47,504
2020	$546,767	$496,918	$943,210	$49,849

INTERNATIONAL FRIENDSHIP GARDENS MUSIC FESTIVAL INC