HOLLAND TULIP TIME FESTIVAL INC (EIN 381266660) - 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

1948

Legal Domicile

Principal Officer

GWEN AUWERDA

Phone

6163964221

Tax Period

2024-10-01 to 2025-09-30

HOLLAND TULIP TIME FESTIVAL INC, founded in 1948, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.4M in total revenue in fiscal year 2024.

Mission

TO OPERATE A TULIP TIME FESTIVAL, WHICH CELEBRATES AND COMMEMORATES THE HOLLAND, MICHIGAN AREA'S DUTCH HERITAGE AND THE TULIP.

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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 $645,561

Program Service Revenue $1,600,188

Investment Income $37,041

Other Revenue $103,718

TOTAL REVENUE $2,386,508

Expense Breakdown

Grants Paid $0

Salaries & Benefits $517,799

Fundraising Expenses $200,275

Program Expenses $1,914,382

Other Expenses $1,850,579

TOTAL EXPENSES $2,368,378

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,386,508	$2,381,122	+0.0%
Expenses	$2,368,378	$2,223,758	+0.1%
Net Income	$18,130	$157,364	-0.9%

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

Volunteers

1461

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

$175,576

Total Directors

$175,576

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GWEN AUWERDA	EXECUTIVE DI	40.00	Officer Director	$159,391	$16,185	$175,576
BILL BADRAN	DIRECTOR	2.00	Director	$0	$0	$0
DUNCAN BOCKS	CHAIR	4.00	Officer Director	$0	$0	$0
ROSEMARY ERVINE	PAST CHAIR	4.00	Officer Director	$0	$0	$0
DARCY FLUHARTY	1ST VICE CHA	4.00	Officer Director	$0	$0	$0
LINDA HART	DIRECTOR	2.00	Director	$0	$0	$0
ANDY KENYON	DIRECTOR	2.00	Director	$0	$0	$0
SARAH PHILLIPS	2ND VICE CHA	4.00	Officer Director	$0	$0	$0
SANDRA PIERCE	DIRECTOR	2.00	Director	$0	$0	$0
LEANNE SCHAEFFER	DIRECTOR	2.00	Director	$0	$0	$0
COLLEEN SCHIPSI	TREASURER	4.00	Officer Director	$0	$0	$0
SCOTT STENSTROM	DIRECTOR	2.00	Director	$0	$0	$0
ILIANA VASQUEZ-OCHOA	DIRECTOR	2.00	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
2025	$2,386,508	$2,368,378	$1,552,597	$18,130
2024	$2,381,122	$2,223,758	$1,558,627	$157,364
2023	$2,207,908	$2,120,221	$1,461,413	$87,687
2022	$1,752,331	$1,736,853	$1,138,959	$15,478
2021	$903,726	$794,981	$1,321,259	$108,745
2020	$1,568,788	$1,099,920	$1,434,592	$468,868
2019	$2,260,833	$2,288,625	$509,321	$-27,792
2018	$2,049,737	$2,158,963	$498,958	$-109,226

HOLLAND TULIP TIME FESTIVAL INC