FinnFest USA (EIN 455466109) - 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

1983

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

FinnFest USA, founded in 1983, is a small nonprofit in the Arts, Culture & Humanities sector that reported $277K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $164K, a strong 59% operating margin.

Mission

The purpose of the corporation is through the establishment, organization, operation, maintenance, & promotion of an annual festival, to provide Finnish Americans an opportunity to meet one another and to broaden & deepen their knowledge of Finland &Finnish American culture

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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 $277,075

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $277,075

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,978

Fundraising Expenses $0

Program Expenses $113,201

Other Expenses $97,223

TOTAL EXPENSES $113,201

Year-over-Year Comparison

	2024	2023	Change
Revenue	$277,075	$306,238	-0.1%
Expenses	$113,201	$304,080	-0.6%
Net Income	$163,874	$2,158	+74.9%

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

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
Marianne W Wargelin	Director	12.00	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	$277,075	$113,201	$163,874	$163,874
2023	$306,238	$304,080	$306,238	$2,158

FinnFest USA