STURGIS FALLS CELEBRATION INC (EIN 421256854) - 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

1985

Legal Domicile

Principal Officer

JAY STODDARD

Phone

3192370996

Tax Period

2022-10-01 to 2023-09-30

STURGIS FALLS CELEBRATION INC, founded in 1985, is a small nonprofit in the Community Improvement sector that reported $193K in total revenue in fiscal year 2022. Revenue fell 20% from the prior year — a significant decline worth monitoring.

Mission

PLAN, COORDINATE, AND PRESENT ANNUAL CITY FESTIVAL

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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 (2022)

Revenue Breakdown

Contributions & Grants $972

Program Service Revenue $85,170

Investment Income $0

Other Revenue $106,863

TOTAL REVENUE $193,005

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,325

Fundraising Expenses $0

Program Expenses $200,704

Other Expenses $189,390

TOTAL EXPENSES $204,715

Year-over-Year Comparison

	2022	2021	Change
Revenue	$193,005	$241,792	-0.2%
Expenses	$204,715	$262,397	-0.2%
Net Income	$-11,710	$-20,605	-0.4%

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

200

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
JAY STODDARD	PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVE CUNNINGHAM	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DEBBIE STODDARD	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
ROB SWIATLEY	DIRECTOR	1.00	Director	$0	$0	$0
MATT MORGAN	DIRECTOR	1.00	Director	$0	$0	$0
BOB WESTERMAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL DREY	DIRECTOR	1.00	Director	$0	$0	$0
DON THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
BREANN PHILLIPS	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
2023	$193,005	$204,715	$91,765	$-11,710
2022	$241,792	$262,397	$94,245	$-20,605
2021	$224,659	$213,674	$131,907	$10,985
2020	$18,524	$56,527	$132,124	$-38,003

STURGIS FALLS CELEBRATION INC