2nd Street Festival Corporation (EIN 452323409) - 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

2011

Legal Domicile

Principal Officer

Owen Kamihira

Phone

2159251110

Tax Period

2024-05-01 to 2025-04-30

2nd Street Festival Corporation, founded in 2011, is a small nonprofit that reported $272K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $259K left a modest 5% surplus.

Mission

To foster awareness of and improvements to the Northern Liberties section of Philadelphia. Several neighborhood events were staged in coordination with local civic and business associations providing food and entertainment.

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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 $80,350

Program Service Revenue $192,109

Investment Income $0

Other Revenue $0

TOTAL REVENUE $272,459

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $257,365

Other Expenses $258,871

TOTAL EXPENSES $258,871

Year-over-Year Comparison

	2024	2023	Change
Revenue	$272,459	$247,475	+0.1%
Expenses	$258,871	$280,289	-0.1%
Net Income	$13,588	$-32,814	-1.4%

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

N/A

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
Owen Kamihira	President	5.00	Officer	$0	$0	$0
Oron S Dascal	Treasurer	2.00	Officer	$0	$0	$0
William R Reed	Secretary	2.00	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
2025	$272,459	$258,871	$46,362	$13,588
2024	$247,475	$280,289	$32,774	$-32,814
2023	$249,788	$267,089	$65,588	$-17,301

2nd Street Festival Corporation