CITYFEST INC (EIN 510255083) - 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

1980

Legal Domicile

Principal Officer

ROSEANNE PRADO

Phone

3025762135

Tax Period

2024-07-01 to 2025-06-30

CITYFEST INC, founded in 1980, is a community nonprofit in the Recreation & Sports sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $679K, a strong 33% operating margin.

Mission

TO PROVIDE CULTURAL AND RECREATIONAL EVENTS TO THE CITY OF WILMINGTON.

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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 $2,031,860

Program Service Revenue $16,327

Investment Income $0

Other Revenue $15,209

TOTAL REVENUE $2,063,396

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $924,450

Other Expenses $1,384,547

TOTAL EXPENSES $1,384,547

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,063,396	$1,416,347	+0.5%
Expenses	$1,384,547	$1,106,748	+0.3%
Net Income	$678,849	$309,599	+1.2%

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
TINA BETZ	PRESIDENT	2.00	Officer Director	$0	$0	$0
GREG MORRIS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ROSEANNE PRADO	TREASURER	2.00	Officer Director	$0	$0	$0
KIMBERLY DOUCETTE	DIRECTOR	2.00	Director	$0	$0	$0
LATTISHA WILLIAMS	SECRETARY	2.00	Director	$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
2025	$2,063,396	$1,384,547	$2,997,829	$678,849
2024	$1,416,347	$1,106,748	$2,335,489	$309,599
2023	$1,853,076	$1,398,168	$2,345,916	$454,908
2022	$2,027,164	$1,407,141	$1,769,946	$620,023
2021	$772,436	$507,843	$622,311	$264,593
2020	$1,286,764	$984,521	$480,526	$302,243
2019	$1,854,891	$1,857,060	$490,746	$-2,169

CITYFEST INC