THE TWO LEFT FEET BLUES FESTIVAL INC

EIN: 473085208 501(c)(3)

FARMINGTON, CT

Total Revenue
$7,975
Total Expenses
$449
Total Assets
$7,680
Net Assets
$7,680
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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
2015
Legal Domicile
CT
Principal Officer
THOMAS DEEGAN
Phone
8606781659
Tax Period
2019-01-01 to 2019-12-31

THE TWO LEFT FEET BLUES FESTIVAL INC, founded in 2015, is a micro nonprofit that reported $8K in total revenue in fiscal year 2019. Revenue surged 92% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8K, a strong 94% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO PROMOTE THE BLUES MUSIC GENRE AS A UNIQUELY AMERICAN ART FORM. ALSO, TO PROVIDE BENEFITS TO MUSICIANS IN NEED OF SUPPORT FOR MEDICAL EXPENSES.

Program Service Accomplishments

Program 1

FUNDRAISING EVENT TO PROVIDE FUNDING FOR THE ORGANIZATION'S TAX EXEMPT PURPOSE.

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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 (2019)

Revenue Breakdown

Contributions & Grants $3,491
Program Service Revenue $0
Investment Income $0
Other Revenue $4,484
TOTAL REVENUE $7,975

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $449
TOTAL EXPENSES $449

Year-over-Year Comparison

2019 2018 Change
Revenue $7,975 $4,158 +0.9%
Expenses $449 N/A N/A
Net Income $7,526 $4,158 +0.8%
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

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Governance

Voting Members
3
Independent Members
3
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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAWRENCE KIEL DIRECTOR N/A
Director
$0 $0 $0
JAMES WHITTEMORE DIRECTOR N/A
Director
$0 $0 $0
THOMAS DEEGAN PRESIDENT N/A
Officer
$0 $0 $0
RICHARD A FARINA SECRETARY/TR 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
2019 $7,975 $449 $7,680 $7,526
2018 $4,158 No data $154 No data
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