THE WORLD FAMOUS BLUE CRAB FESTIVAL INC (EIN 454588013) - 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

2012

Legal Domicile

Principal Officer

HAROLD WORLEY

Phone

8037959755

Tax Period

2024-01-01 to 2024-12-31

THE WORLD FAMOUS BLUE CRAB FESTIVAL INC, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $364K in total revenue in fiscal year 2024. Expenses of $333K left a modest 8% surplus.

Mission

THE MISSION OF THE ORGANIZATION IS TO RAISE FUNDS AND AWARENESS FOR THE COMMUNITY WHILE USING THOSE FUNDS TO PROMOTE CHARTIABLE, EDUCATIONAL, ARTISTIC, CULTURAL AWARENESS AND ECONOMIC DEVELOPEMNT FOR THE CITIZENS AND SURROUNDING COMMUNITIES.

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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 $0

Program Service Revenue $363,441

Investment Income $71

Other Revenue $0

TOTAL REVENUE $363,512

Expense Breakdown

Grants Paid $108,500

Salaries & Benefits $0

Fundraising Expenses $124,478

Program Expenses $201,348

Other Expenses $224,721

TOTAL EXPENSES $333,221

Year-over-Year Comparison

	2024	2023	Change
Revenue	$363,512	$354,997	+0.0%
Expenses	$333,221	$290,752	+0.1%
Net Income	$30,291	$64,245	-0.5%

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
HAROLD WORLEY	DIRECTOR	002.00	Director	$0	$0	$0
LINDSEY LONG	DIRECTOR	002.00	Director	$0	$0	$0
JOE ROBERTSON	DIRECTOR	002.00	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
2024	$363,512	$333,221	$226,226	$30,291
2023	$354,997	$290,752	$201,949	$64,245
2022	$298,452	$309,725	$172,739	$-11,273
2021	$309,840	$283,199	$169,947	$26,641
2020	$11,007	$52,550	$170,801	$-41,543
2019	$276,376	$234,785	$188,399	$41,591
2018	$277,608	$242,959	$143,426	$34,649

THE WORLD FAMOUS BLUE CRAB FESTIVAL INC