FORT SMITH MUSIC AND ARTS FESTIVAL INC (EIN 472908065) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

Principal Officer

RICKY B BEAUCHAMP JR

Phone

4797823670

Tax Period

2024-01-01 to 2024-12-31

FORT SMITH MUSIC AND ARTS FESTIVAL INC, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $381K in total revenue in fiscal year 2018. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

THE ORGANIZATION PRODUCES A MUSIC AND ARTS FESTIVAL FOR COMMUNITY BENEFIT AND SELECTED APPROVED 501C3 CHARITIES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $151,670

Program Service Revenue $265,109

Investment Income $33,461

Other Revenue $0

TOTAL REVENUE $450,240

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $669,310

Other Expenses $669,310

TOTAL EXPENSES $669,310

Year-over-Year Comparison

	2024	2023	Change
Revenue	$450,240	$463,659	0.0%
Expenses	$669,310	$803,524	-0.2%
Net Income	$-219,070	$-339,865	-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

Governance

Voting Members

Independent Members

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
TRENT GOINS	PRESIDENT	010.00	Officer Director	$0	$0	$0
JIM WEBB	OPERATIONS	005.00	Director	$0	$0	$0
RICKY BEAUCHAMP	VICE PRESIDENT	010.00	Officer Director	$0	$0	$0
MIKE HART	DIRECTOR	004.00	Director	$0	$0	$0
SLOANE HARPER	SECRETARY	005.00	Officer Director	$0	$0	$0
ANDREW HOLLAND	DIRECTOR	004.00	Director	$0	$0	$0
LAUREN PRUITT	DIRECTOR	005.00	Director	$0	$0	$0
NICK MAESTRI	TREASURER	005.00	Officer Director	$0	$0	$0
BROCK REATHER	DIRECTOR	004.00	Director	$0	$0	$0
BROOKE JOHNSON	DIRECTOR	004.00	Director	$0	$0	$0
JEFF TAYLOR	DIRECTOR	004.00	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
2024	$450,240	$669,310	$7,151	$-219,070
2023	$463,659	$803,524	$178,221	$-339,865
2022	$866,530	$844,232	$518,086	$22,298
2021	$698,820	$534,276	$488,414	$164,544
2020	$755,676	$531,744	$323,870	$223,932
2019	$467,626	$378,875	$99,938	$88,751
2018	$381,417	$374,899	$11,187	$6,518

FORT SMITH MUSIC AND ARTS FESTIVAL INC