GREEN LAKE FESTIVAL OF MUSIC INC

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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

Principal Officer

WILLIAM BANE

Phone

9207489398

Tax Period

2024-10-01 to 2025-09-30

GREEN LAKE FESTIVAL OF MUSIC INC is a small nonprofit in the Arts, Culture & Humanities sector that reported $247K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $330K exceeded revenue, resulting in a 34% operating deficit.

Mission

MUSIC WORKSHOPS AND CONCERTS

Program Service Accomplishments

Program 1

Expenses: $270,883

PROGRAM CONSISTS OF MUSIC CONCERTS, CHAMBER MUSIC, ENSEMBLE, CHORAL AND ORIGINAL MUSIC PERFORMANCE FOR THE GENERAL PUBLIC. IT TEACHES PROMISING STUDENTS AND FEATURES RISING ARTISTS.

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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 $185,182

Program Service Revenue $37,522

Investment Income $0

Other Revenue $24,124

TOTAL REVENUE $246,828

Expense Breakdown

Grants Paid $0

Salaries & Benefits $108,221

Fundraising Expenses $29,402

Program Expenses $270,883

Other Expenses $222,011

TOTAL EXPENSES $330,232

Year-over-Year Comparison

	2024	2023	Change
Revenue	$246,828	$304,988	-0.2%
Expenses	$330,232	$310,293	+0.1%
Net Income	$-83,404	$-5,305	+14.7%

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

Governance

Voting Members

Independent Members

Employees

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
WILLIAM BANE	TREASURER	N/A	Officer Director	$0	$0	$0
RICK VANT HOFF	DIRECTOR	N/A	Director	$0	$0	$0
JAN HUGHES	CORRESPONDIN	N/A	Director	$0	$0	$0
LLOYD HUGHES	PRESIDENT	N/A	Officer Director	$0	$0	$0
KYLE KNOKE	DIRECTOR	N/A	Director	$0	$0	$0
MAGDA KRANCE	DIRECTOR	N/A	Director	$0	$0	$0
SHERRMAN LEATHERBERRY	DIRECTOR	N/A	Director	$0	$0	$0
KEN MELCHERT	SECRETARY	N/A	Officer Director	$0	$0	$0
JUSTUS PAUL	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
SYLVIA RICHARDS	HISTORIAN	N/A	Director	$0	$0	$0
DAWN SCHOLTENS	DIRECTOR	N/A	Director	$0	$0	$0
JOHN SISKO	DIRECTOR	N/A	Director	$0	$0	$0
YULIYA SMEAD	DIRECTOR	N/A	Director	$0	$0	$0
JACK STUBBS	DIRECTOR	N/A	Director	$0	$0	$0
RANDY ZIETH	DIRECTOR	N/A	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	$246,828	$330,232	$1,068,906	$-83,404
2024	$304,988	$310,293	$1,081,423	$-5,305
2023	$278,291	$284,759	$927,383	$-6,468
2022	$246,702	$245,098	$864,414	$1,604
2021	$350,387	$186,010	$1,072,311	$164,377
2020	$181,736	$147,022	$624,993	$34,714
2019	$266,427	$276,975	$834,563	$-10,548
2018	$369,823	$262,039	$812,459	$107,784