FAIRHOPE FILM FESTIVAL INC (EIN 453571368) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2012

Legal Domicile

Principal Officer

MARY M RISER

Phone

2513799386

Tax Period

2023-01-01 to 2023-12-31

FAIRHOPE FILM FESTIVAL INC, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $146K in total revenue in fiscal year 2018. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $36K, a strong 24% operating margin.

Mission

FAIRHOPE FILM FESTIVAL WAS CREATED TO BRING THE BEST IN WORLD CINEMATIC CULTURE TO OUR REGION, TO INTRODUCE OUR AREA AS A VAIABLE LOCATION FOR THE FILM INDUSTRY, TO ENCOURAGE ALABAMA FILMMAKERS, AND TO INCREASE THE STATE AND LOCAL ECONOMY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $80,850

Program Service Revenue $27,673

Investment Income $0

Other Revenue $0

TOTAL REVENUE $108,523

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,550

Fundraising Expenses $0

Program Expenses $118,701

Other Expenses $95,151

TOTAL EXPENSES $118,701

Year-over-Year Comparison

	2023	2022	Change
Revenue	$108,523	$123,748	-0.1%
Expenses	$118,701	$140,033	-0.2%
Net Income	$-10,178	$-16,285	-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

N/A

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

$16,000

Total Directors

$16,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY M RISER	EXECUTIVE DIRECTOR	30.00	Officer Director	$16,000	$0	$16,000
RICHARD PATE	TREASURER	5.00	Officer Director	$0	$0	$0
MARSHALL RISER	SECRETARY	5.00	Officer Director	$0	$0	$0
MARION WALKER	VICE PRESIDENT	5.00	Officer 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	No data	No data	No data	No data
2023	$108,523	$118,701	$125,228	$-10,178
2022	$123,748	$140,033	$136,059	$-16,285
2021	$84,298	$103,087	$151,735	$-18,789
2020	$64,909	$62,309	$170,479	$2,600
2019	$134,407	$123,571	$167,879	$10,836
2018	$146,444	$110,923	$157,043	$35,521

FAIRHOPE FILM FESTIVAL INC