Festival Center Inc (EIN 521499111) - 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

Legal Domicile

Principal Officer

William R Mefford Jr

Phone

2023280072

Tax Period

2024-01-01 to 2024-12-31

Festival Center Inc is a community nonprofit in the Human Services sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum.

Mission

Through hospitality, education, spiritual development, and practice, the Festival Center serves as a generative source for people to stand against all forms of oppression and strive for a just world.

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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 $1,362,584

Program Service Revenue $719,968

Investment Income $8,431

Other Revenue $2,620

TOTAL REVENUE $2,093,603

Expense Breakdown

Grants Paid $22,806

Salaries & Benefits $690,366

Fundraising Expenses $176,655

Program Expenses $1,637,971

Other Expenses $1,331,693

TOTAL EXPENSES $2,063,252

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,093,603	$1,468,661	+0.4%
Expenses	$2,063,252	$1,724,921	+0.2%
Net Income	$30,351	$-256,260	-1.1%

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

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

$103,536

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William R Mefford Jr	Executive Dir.	40.00	Officer	$100,000	$3,536	$103,536
Edmund D Cooke Jr	Chairman	1.00	Officer Director	$0	$0	$0
AnaYelsi Velasco-Sanchez	Chairman	1.00	Officer Director	$0	$0	$0
David Garcia	Treasurer	1.00	Officer Director	$0	$0	$0
Jim Edmonds	Director	1.00	Director	$0	$0	$0
Laura Goodyear	Director	1.00	Director	$0	$0	$0
Gail Arnall	Director	1.00	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
2024	$2,093,603	$2,063,252	$8,355,744	$30,351
2023	$1,468,661	$1,724,921	$8,444,580	$-256,260
2022	$710,575	$933,394	$7,771,096	$-222,819
2021	$1,163,432	$748,269	$4,689,826	$415,163
2020	$626,533	$753,531	$4,216,048	$-126,998
2019	$1,018,346	$742,487	$4,064,411	$275,859
2018	$886,619	$642,344	$3,541,492	$244,275

Festival Center Inc