OUTER BANKS SEAFOOD FESTIVAL

EIN: 454382995 Community Improvement

NAGS HEAD, NC

Total Revenue
$254,259
Total Expenses
$250,272
Total Assets
$96,585
Net Assets
$94,693
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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
2012
Principal Officer
RICHARD HESS
Phone
2524418144
Tax Period
2024-01-01 to 2024-12-31

OUTER BANKS SEAFOOD FESTIVAL, founded in 2012, is a small nonprofit in the Community Improvement sector that reported $254K in total revenue in fiscal year 2024.

Mission

THE MISSION OF THE OUTER BANKS SEAFOOD FESTIVAL IS TO PROVIDE A FUN AND EDUCATIONAL EXPERIENCE PROMOTING, HONORING AND CELEBRATING OUR COASTAL SEAFOOD HERITAGE AND COMMUNITY. PROMOTE THE POSITIVE SOCIAL AND ECONOMIC IMPACT OF THE SEAFOOD INDUSTRY ON THE CITIZENS OF THE OUTER BANKS; EDUCATE THE PUBLIC ABOUT SEAFOOD AND ITS IMPORTANCE TO THE AREAS ECONOMY; PUBLICIZE THE WIDE VARIETY OF SEAFOOD INDIGENOUS TO NORTH CAROLINA AND THE OUTER BANKS AND PROVIDE THE OPPORTUNITY FOR PEOPLE TO ENJOY IT; BOOST TOURISM AND RECREATION ON THE OUTER BANKS IN THE NON-SUMMER MONTHS; ESTABLISH A SCHOLARSHIP PROGRAM FOR EDUCATIONAL PURSUITS RELATED TO THE SEAFOOD INDUSTRY; PROVIDE THE OPPORTUNITY FOR OUTER BANKS NON-PROFIT, CIVIC, CHURCH AND EDUCATIONAL ORGANIZATIONS TO RAISE FUNDS THROUGH PARTICIPATION IN THE 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $35,000
Program Service Revenue $219,251
Investment Income $8
Other Revenue $0
TOTAL REVENUE $254,259

Expense Breakdown

Grants Paid $12,900
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $239,774
Other Expenses $237,372
TOTAL EXPENSES $250,272

Year-over-Year Comparison

2024 2023 Change
Revenue $254,259 $257,401 0.0%
Expenses $250,272 $256,330 0.0%
Net Income $3,987 $1,071 +2.7%
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

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Governance

Voting Members
10
Independent Members
10
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD HESS CHAIRMAN N/A
Director
$0 $0 $0
BUSTER NUNEMAKER VICE CHAIR N/A
Director
$0 $0 $0
KAREN BROWN SECRETARY N/A
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 $254,259 $250,272 $96,585 $3,987
2023 $257,401 $256,330 $90,784 $1,071
2022 $270,013 $252,582 $89,713 $17,431
2021 $234,122 $213,106 $72,482 $21,016
2020 $4,151 $63,292 $65,891 $-59,141
2019 $288,343 $268,178 $116,873 $20,165
2018 $239,938 $243,993 $90,442 $-4,055
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