Lightning Bug Music Festival Inc

EIN: 473247792 501(c)(3) Arts, Culture & Humanities

Michigan City, IN

Total Revenue
$561,937
Total Expenses
$560,335
Total Assets
$1,760
Net Assets
$1,760
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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
IN
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 WTIH MENTAL HEALTH AND WELLNESS RESOURCES THROUGH AN 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%)

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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

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Governance

Voting Members
4
Independent Members
3
Employees
N/A
Volunteers
65

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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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