Independence Day Celebration 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

Formation Year

2010

Legal Domicile

Principal Officer

Matthew Stein

Phone

4087791776

Tax Period

2024-01-01 to 2024-12-31

Independence Day Celebration Inc, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $321K in total revenue in fiscal year 2024.

Mission

To provide for multi day Independence Day Celebration Events in the City of Morgan Hill including the 4th of July Parade, Fireworks show, Car & Cruise Show, Patriotic Sing, Family Music Fest, 5K Run

Program Service Accomplishments

Program 1

Expenses: $79,395 Revenue: $33,903

Fireworks on the Green

Program 2

Expenses: $40,139 Revenue: $26,632

Family Music Fest

Program 3

Expenses: $38,190 Revenue: $7,133

Parade

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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 $258,902

Program Service Revenue $62,576

Investment Income $0

Other Revenue $0

TOTAL REVENUE $321,478

Expense Breakdown

Grants Paid $27,373

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $240,092

Other Expenses $294,324

TOTAL EXPENSES $321,697

Year-over-Year Comparison

	2024	2023	Change
Revenue	$321,478	$325,619	0.0%
Expenses	$321,697	$301,331	+0.1%
Net Income	$-219	$24,288	-1.0%

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

N/A

Employees

N/A

Volunteers

300

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
MATTHEW STEIN	President	10.00	Officer	$0	$0	$0
ELISA ANDREWS	Treasurer	10.00	Officer	$0	$0	$0
JENNIFER EVANS	Secretary	10.00	Officer	$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	$321,478	$321,697	$130,113	$-219
2023	$325,619	$301,331	$126,675	$24,288
2022	$280,904	$313,944	$97,637	$-33,040
2021	$288,696	$256,149	$130,744	$32,547