DANISH FESTIVAL INC

EIN: 381869399 501(c)(3) Arts, Culture & Humanities

GREENVILLE, MI

Total Revenue
$206,386
Total Expenses
$156,545
Total Assets
$257,774
Net Assets
$247,871
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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
1964
Legal Domicile
MI
Principal Officer
KRISTEN VIDEAN
Phone
6167546369
Tax Period
2022-01-01 to 2022-12-31

DANISH FESTIVAL INC, founded in 1964, is a small nonprofit in the Arts, Culture & Humanities sector that reported $206K in total revenue in fiscal year 2022. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $50K, a strong 24% operating margin.

Mission

TO HOLD AN ANNUAL FESTIVAL TO CELEBRATE THE DANISH HERITAGE.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $69,956
Program Service Revenue $135,073
Investment Income $506
Other Revenue $851
TOTAL REVENUE $206,386

Expense Breakdown

Grants Paid $0
Salaries & Benefits $43,712
Fundraising Expenses $0
Program Expenses $102,393
Other Expenses $112,833
TOTAL EXPENSES $156,545

Year-over-Year Comparison

2022 2021 Change
Revenue $206,386 $135,478 +0.5%
Expenses $156,545 $148,854 +0.1%
Net Income $49,841 $-13,376 -4.7%
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

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Governance

Voting Members
4
Independent Members
4
Employees
1
Volunteers
15

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
4
$0
Total Directors
10
$0
Key Employees
1
$40,500
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WAYNE BAKER PARADE DIRECTOR 0.50
Director
$0 $0 $0
KAREN MARSMAN CHILDRENS DIRECTOR 0.50
Director
$0 $0 $0
BRAD CANTRELL FOOD DIRECTOR 0.50
Director
$0 $0 $0
BOB FERRENTINO TIVOLI GARDENS DIRECTOR 0.50
Director
$0 $0 $0
LEONARD CRADIT ENTERTAINMENT DIRECTOR 0.50
Director
$0 $0 $0
LESLIE KINNEE DANISH DASH DIRECTOR 0.50
Director
$0 $0 $0
JESPER DINESEN FUNDRAISER DIRECTOR 0.50
Director
$0 $0 $0
MELODY TEEGARDIN QUEENS DIRECTOR 0.50
Director
$0 $0 $0
JENNIFER ITEEN MARKETPLACE DIRECTOR 0.50
Director
$0 $0 $0
JAMES BARRUS CITY LIAISON 0.50
Director
$0 $0 $0
ANDREA KRAUSE PRESIDENT 1.00
Officer
$0 $0 $0
KRISTINE COUSINEAU VICE PRESIDENT 1.00
Officer
$0 $0 $0
ASHLEY VANSLOTEN TREASURER 1.00
Officer
$0 $0 $0
EVA CAIRNS SECRETARY 1.00
Officer
$0 $0 $0
KRISTEN VIDEAN EXECUTIVE DIRECTOR 40.00
Key Emp
$40,500 $0 $40,500
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
2022 $206,386 $156,545 $257,774 $49,841
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