PORT SALERNO SEAFOOD FESTIVAL INC (EIN 463079521) - 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

EDWARD B OLSEN JR

Phone

7722631735

Tax Period

2018-04-01 to 2019-03-31

PORT SALERNO SEAFOOD FESTIVAL INC, founded in 2013, is a small nonprofit that reported $280K in total revenue in fiscal year 2018. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $338K exceeded revenue, resulting in a 21% operating deficit.

Mission

TO HOST AN ANNUAL FESTIVAL TO BRING POSITIVE AWARENESS OF THE LOCAL COMMERCIAL FISHING INDUSTRY AND SUPPORT THE LOCAL COMMUNITY.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $279,501

Investment Income $0

Other Revenue $0

TOTAL REVENUE $279,501

Expense Breakdown

Grants Paid $23,900

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $337,809

Other Expenses $313,909

TOTAL EXPENSES $337,809

Year-over-Year Comparison

	2018	2017	Change
Revenue	$279,501	$428,446	-0.3%
Expenses	$337,809	$458,812	-0.3%
Net Income	$-58,308	$-30,366	+0.9%

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

Employees

N/A

Volunteers

500

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

$23,808

Total Directors

$23,808

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD B OLSEN JR	PRESIDENT	10.00	Officer Director	$0	$0	$23,808
STEPHEN ENGLISH SR	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
STEPHEN ENGLISH JR	TREASURER	2.00	Officer Director	$0	$0	$0
JIMMY STUART	SECRETARY	2.00	Officer Director	$0	$0	$0
ROBERT ROWAN	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS HULUSKA	DIRECTOR	2.00	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
2019	$279,501	$337,809	$3,140	$-58,308
2018	$428,446	$458,812	$67,044	$-30,366

PORT SALERNO SEAFOOD FESTIVAL INC