FLORIDA LITFEST INC

EIN: 463527772 501(c)(3) Arts, Culture & Humanities

TALLAHASSEE, FL

Total Revenue
$631,139
Total Expenses
$655,107
Total Assets
$19,703
Net Assets
$-14,855
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
FL
Principal Officer
SARA MARCHESSAULT
Phone
8505085813
Tax Period
2024-07-01 to 2025-06-30

FLORIDA LITFEST INC, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $631K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum.

Mission

TO FURTHER THE COMMON GOOD AND GENERAL WELFARE OF THE TALLAHASSEE, FL AREA COMMUNITY BY PROMOTING A PUBLIC LITERARY FESTIVAL FOR THE BENEFIT OF THE CITIZENS OF LEON COUNTY, FLORIDA AND THE STATE OF FLORIDA AND SURROUNDING AREAS.

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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 $554,949
Program Service Revenue $76,190
Investment Income $0
Other Revenue $0
TOTAL REVENUE $631,139

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $5,856
Program Expenses $633,276
Other Expenses $655,107
TOTAL EXPENSES $655,107

Year-over-Year Comparison

2024 2023 Change
Revenue $631,139 $464,718 +0.4%
Expenses $655,107 $503,513 +0.3%
Net Income $-23,968 $-38,795 -0.4%
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
21
Independent Members
21
Employees
N/A
Volunteers
60

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
3
$0
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BERNIECE COX BOARD MEMBER 1.00
Director
$0 $0 $0
BLAKE DOWLING BOARD MEMBER 1.00
Director
$0 $0 $0
ERIC EGGERS BOARD MEMBER 1.00
Director
$0 $0 $0
PAULA FORTUNAS BOARD MEMBER 1.00
Director
$0 $0 $0
ROB GARNER BOARD MEMBER 1.00
Director
$0 $0 $0
BILL GIUDICE BOARD MEMBER 1.00
Director
$0 $0 $0
CHRYS GOODWYNE BOARD MEMBER 1.00
Director
$0 $0 $0
RAVI HOWARD BOARD MEMBER 1.00
Director
$0 $0 $0
BRAD KILE BOARD MEMBER 1.00
Director
$0 $0 $0
RAOUL LAVIN BOARD MEMBER 1.00
Director
$0 $0 $0
MARK MUSTIAN PRESIDENT 5.00
Officer Director
$0 $0 $0
NAN NAGY BOARD MEMBER 1.00
Director
$0 $0 $0
JULIE O'STEEN BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES PARKER-FLYNN BOARD MEMBER 1.00
Director
$0 $0 $0
LAURA ROGERS BOARD MEMBER 1.00
Director
$0 $0 $0
WENDY SCHULTE BAORD MEMBER 1.00
Director
$0 $0 $0
DAVID SELF BOARD MEMBER 1.00
Director
$0 $0 $0
ANGIE SIPPLE BOARD MEMBER 1.00
Director
$0 $0 $0
STACY SLAVICHAK BOARD MEMBER 1.00
Director
$0 $0 $0
LAMAR TAYLOR TREASURER-SE 1.00
Officer Director
$0 $0 $0
KATEE TULLY BOARD MEMBER 1.00
Director
$0 $0 $0
SARA MARCHESSAULT EXECUTIVE DI 10.00
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
2025 $631,139 $655,107 $19,703 $-23,968
2024 $464,718 $503,513 $12,910 $-38,795
2023 $651,523 $737,217 $101,873 $-85,694
2022 $342,006 $359,657 $135,256 $-17,651
2021 $180,693 $259,706 $153,164 $-79,013
2020 $288,840 $125,857 $230,017 $162,983
2019 $453,139 $417,390 $223,236 $35,749
2018 $349,893 $275,422 $81,287 $74,471
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