MADISON FESTIVALS INC (EIN 391366837) - 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

1978

Legal Domicile

Principal Officer

SARA KLEMME

Phone

6083452711

Tax Period

2024-01-01 to 2024-12-31

MADISON FESTIVALS INC, founded in 1978, is a community nonprofit in the Recreation & Sports sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $384K, a strong 22% operating margin.

Mission

TO PRODUCE AND DEVELOP EVENTS IN THE GREATER MADISON COMMUNITY THAT ENRICH OUR COMMUNITY BY BRINGING TOGETHER PEOPLE, BUSINESSES, AND CHARITIES.

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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 $19,984

Program Service Revenue $1,325,344

Investment Income $12,535

Other Revenue $392,939

TOTAL REVENUE $1,750,802

Expense Breakdown

Grants Paid $0

Salaries & Benefits $242,908

Fundraising Expenses $15,918

Program Expenses $1,099,463

Other Expenses $1,123,701

TOTAL EXPENSES $1,366,609

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,750,802	$1,406,168	+0.2%
Expenses	$1,366,609	$1,348,599	+0.0%
Net Income	$384,193	$57,569	+5.7%

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

500

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

$150,276

Total Directors

$150,276

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARA KLEMME	PRESIDENT	40.00	Officer Director	$150,276	$0	$150,276
ELYSE SMITHBACK	CHAIR	1.00	Officer Director	$0	$0	$0
JORDAN BRIGHT	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
ASHLEY HEIN	SECRETARY	1.00	Officer Director	$0	$0	$0
MARK ANDERSON	TREASURER	1.00	Officer Director	$0	$0	$0
ALEX PEIRCE	PAST CHAIR	1.00	Director	$0	$0	$0
ANDREA MACE	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE PATRICK	DIRECTOR	1.00	Director	$0	$0	$0
JANE FITZGERALD	DIRECTOR	1.00	Director	$0	$0	$0
JON LICA	DIRECTOR (THRU FEB)	1.00	Director	$0	$0	$0
MICHAEL LUEHRS	DIRECTOR (THRU JAN)	1.00	Director	$0	$0	$0
LEANN PLOESSL	DIRECTOR	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	$1,750,802	$1,366,609	$950,749	$384,193
2023	$1,406,168	$1,348,599	$605,294	$57,569
2022	$1,364,433	$1,638,569	$499,758	$-274,136
2021	$907,916	$743,607	$675,251	$164,309
2020	$13,838	$294,799	$496,411	$-280,961
2019	$1,609,317	$1,544,810	$618,693	$64,507
2018	$1,449,401	$1,476,512	$535,737	$-27,111

MADISON FESTIVALS INC