OMAHA SUMMER ARTS FESTIVAL INC (EIN 470602738) - 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

1978

Legal Domicile

Principal Officer

MOLLY HARTFORD

Phone

4023455401

Tax Period

2025-01-01 to 2025-12-31

OMAHA SUMMER ARTS FESTIVAL INC, founded in 1978, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $1K in total revenue in fiscal year 2025. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $35K exceeded revenue, resulting in a 3143% operating deficit.

Mission

The mission of Omaha Sumer Arts Festival Inc. is to present a variety of high quality arts programs and exhibits in Omaha for the general public to enjoy and appreciate. Activities include developing promoting and organizing arts festivals and other art programs in Omaha Nebraska.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1,085

Other Revenue $0

TOTAL REVENUE $1,085

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $35,190

Other Expenses $35,190

TOTAL EXPENSES $35,190

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,085	$461,361	-1.0%
Expenses	$35,190	$409,673	-0.9%
Net Income	$-34,105	$51,688	-1.7%

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

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
Ashley Wedeking	Board Member	1.00	Director	$0	$0	$0
Molly Hartford	Board Member	1.00	Director	$0	$0	$0
Kevin Langin	Board President	1.00	Director	$0	$0	$0
Holly Benson	Board Member	1.00	Director	$0	$0	$0
Liz Kerrigan	Board Vice President	1.00	Director	$0	$0	$0
Alyson Peeler	Board Member	1.00	Director	$0	$0	$0
Cary Thomsen	Board Member	1.00	Director	$0	$0	$0
Grant Nicholas	Treasurer	1.00	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
2025	$1,085	$35,190	$83,896	$-34,105
2024	$461,361	$409,673	$118,001	$51,688
2023	$318,600	$462,231	$66,313	$-143,631
2022	$455,051	$437,361	$209,944	$17,690
2021	$224,776	$186,468	$192,254	$38,308
2020	$158,439	$109,407	$152,925	$49,032

OMAHA SUMMER ARTS FESTIVAL INC