ZEELAND FESTIVALS INC (EIN 460856609) - 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

2013

Legal Domicile

Principal Officer

LYNETTE LAM

Phone

6167722494

Tax Period

2024-01-01 to 2024-12-31

ZEELAND FESTIVALS INC, founded in 2013, is a micro nonprofit in the Human Services sector that reported $79K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE THE WELFARE OF THE ZEELAND COMMUNITY, STAGE AND CONDUCT FESTIVALS IN THE COMMUNITY TO PRESERVE AND PROMOTE THE HERITAGE, AND TO INFORM AND EDUCATE THE PUBLIC ABOUT THE COMMUNITY OF ZEELAND.

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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 $65,470

Program Service Revenue $13,602

Investment Income $0

Other Revenue $0

TOTAL REVENUE $79,072

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $82,570

Other Expenses $82,570

TOTAL EXPENSES $82,570

Year-over-Year Comparison

	2024	2023	Change
Revenue	$79,072	$73,079	+0.1%
Expenses	$82,570	$71,843	+0.1%
Net Income	$-3,498	$1,236	-3.8%

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

100

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
ABIGAIL DEROO	VICE PRESIDE	N/A	Officer	$0	$0	$0
KERRI VAN DORP	VICE PRESIDE	N/A	Officer	$0	$0	$0
LINDSEY GORSLINE	MEMBER	N/A	Officer	$0	$0	$0
KATIE DEN HERDER	SECRETARY	N/A	Officer	$0	$0	$0
RACHEL KARHOFF	MEMBER	N/A	Officer	$0	$0	$0
LYNETTE LAM	DIRECTOR	N/A	Officer	$0	$0	$0
MEREDITH SCHROTENBOER	MEMBER	N/A	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	$79,072	$82,570	$53,258	$-3,498
2023	$73,079	$71,843	$56,756	$1,236
2022	$55,137	$57,874	$55,520	$-2,737
2021	$41,173	$31,192	$58,257	$9,981
2020	$23,445	$22,984	$48,276	$461
2019	$57,230	$47,919	$47,815	$9,311
2018	$55,642	$46,882	$38,504	$8,760

ZEELAND FESTIVALS INC