BEACHES OKTOBERFEST INC (EIN 473706974) - 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

2015

Legal Domicile

Principal Officer

JOSH WOOLSEY

Phone

9046384235

Tax Period

2024-01-01 to 2024-12-31

BEACHES OKTOBERFEST INC, founded in 2015, is a small nonprofit in the Human Services sector that reported $613K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $220K, a strong 36% operating margin.

Mission

TO BRING A FAMILY FRIENDLY FESTIVAL TO THE COMMUNITY TO ENJOY FOOD, ENTERTAINMENT, ARTS AND CRAFTS VENDORS, GAMES AND ACTIVITIES AND MUCH MORE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $50,000

Program Service Revenue $562,556

Investment Income $0

Other Revenue $0

TOTAL REVENUE $612,556

Expense Breakdown

Grants Paid $3,300

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $392,217

Other Expenses $389,113

TOTAL EXPENSES $392,413

Year-over-Year Comparison

	2024	2023	Change
Revenue	$612,556	$462,515	+0.3%
Expenses	$392,413	$523,009	-0.2%
Net Income	$220,143	$-60,494	-4.6%

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
JOSH WOOLSEY	PRESIDENT	4.00	Officer	$0	$0	$0
CHARLES WAGONER	VICE PRESIDENT	4.00	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
2024	$612,556	$392,413	$256,622	$220,143
2023	$462,515	$523,009	$36,479	$-60,494
2022	$250,195	$183,101	$96,973	$67,094
2021	No data	$1,333	$29,879	No data
2020	$3,380	$3	$31,212	$3,377
2019	$400,827	$390,070	$27,835	$10,757
2018	$354,203	$363,837	$17,078	$-9,634

BEACHES OKTOBERFEST INC