ELKHART FESTIVALS INC (EIN 475394067) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Principal Officer

BENJAMIN DECKER

Phone

5742934469

Tax Period

2023-01-01 to 2023-12-31

ELKHART FESTIVALS INC, founded in 2016, is a small nonprofit in the Recreation & Sports sector that reported $938K in total revenue in fiscal year 2023. Revenue surged 81% from the prior year, signaling strong growth momentum. Expenses of $850K left a modest 9% surplus.

Mission

TO ATTRACT AND RETAIN RESIDENTS AND BUSINESSES, AND IMPROVE THE QUAILITY OF LIFE IN THE COMMUNITY BY SPONSERING AND ORGANIZING FESTIVALS IN THE CITY OF ELKHART, INDIANA INCLUDING THE ANNUNAL JAZZ FESTIVAL.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $135,381

Program Service Revenue $668,900

Investment Income $0

Other Revenue $134,079

TOTAL REVENUE $938,360

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $833,415

Other Expenses $850,290

TOTAL EXPENSES $850,290

Year-over-Year Comparison

	2023	2022	Change
Revenue	$938,360	$519,267	+0.8%
Expenses	$850,290	$444,105	+0.9%
Net Income	$88,070	$75,162	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
BENJAMIN DECKER	PRESIDENT	006.00	Officer	$0	$0	$0
MONICA ABAIR	SECRETARY	006.00	Officer	$0	$0	$0
DANIEL REYNOLDS	VICE PRESIDENT	006.00	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	No data	No data	No data	No data
2023	$938,360	$850,290	$304,702	$88,070
2022	$519,267	$444,105	$214,452	$75,162
2021	$287,816	$241,282	$205,515	$46,534
2020	$72,053	$24,981	$97,762	$47,072
2019	$539,210	$576,269	$56,384	$-37,059
2018	$660,473	$689,945	$86,368	$-29,472

ELKHART FESTIVALS INC