Lightning Bug Music Festival Inc

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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

2022

Legal Domicile

Principal Officer

JOHN WESTBROOK

Phone

2198787897

Tax Period

2022-05-15 to 2022-12-31

Lightning Bug Music Festival Inc, founded in 2022, is a small nonprofit in the Arts, Culture & Humanities sector that reported $562K in total revenue in fiscal year 2022.

Mission

A NONPROFIT HELPING CONNECT MUSIC INDUSTRY PROFESSIONALS WITH MENTAL HEALTH AND WELLNESS RESOURCES, AND FOSTERING THE MUSIC COMMUNITY OF NORTHWEST INDIANA THROUGH AN ANNUAL MUSIC FESTIVAL.

Program Service Accomplishments

Program 1

Expenses: $560,335 Revenue: $122,462

ANNUAL MUSIC FESTIVAL

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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 (2022)

Revenue Breakdown

Contributions & Grants $439,475

Program Service Revenue $122,462

Investment Income $0

Other Revenue $0

TOTAL REVENUE $561,937

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $560,335

Other Expenses $560,335

TOTAL EXPENSES $560,335

Year-over-Year Comparison

	2022	2021	Change
Revenue	$561,937	N/A	N/A
Expenses	$560,335	N/A	N/A
Net Income	$1,602	$0	N/A

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
HALEY ASH	VICE PRESIDENT	10.0	Director	$0	$0	$0
KEVIN NEWMAN	TREASURER	10.0	Director	$0	$0	$0
BRIDGET MCPHEE	SECRETARY	10.0	Director	$0	$0	$0
JOHN WESTBROOK	PRESIDENT	25.0	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
2022	$561,937	$560,335	$1,760	$1,602