COLUMBIA FESTIVAL INC

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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

1988

Legal Domicile

Principal Officer

PHIL N MAHER

Phone

4433456923

Tax Period

2024-08-01 to 2025-07-31

COLUMBIA FESTIVAL INC, founded in 1988, is a small nonprofit in the Arts, Culture & Humanities sector that reported $398K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $101K, a strong 25% operating margin.

Mission

THE MISSION OF THE COLUMBIA FESTIVAL OF THE ARTS IS TO PRESENT A WORLD CLASS CELEBRATION OF THE ARTS AND ENTERTAINMENT THAT ATTRACTS, ENGAGES AND INSPIRES THE BROAD AND DIVERSE COMMUNITY IT SERVES.

Program Service Accomplishments

Program 1

Expenses: $190,522 Revenue: $118,075

COLUMBIA FESTIVAL OF THE ARTS A SIXTEEN DAY MULTIARTS FESTIVAL ATTRACTING 25,000 PLUS PEOPLE THAT PRESENTS 65 EVENTS IN DIFFERENT LOCATIONS IN COLUMBIA, MARYLAND.IT ALSO OFFICIALLY PRESENTED A...

COLUMBIA FESTIVAL OF THE ARTS A SIXTEEN DAY MULTIARTS FESTIVAL ATTRACTING 25,000 PLUS PEOPLE THAT PRESENTS 65 EVENTS IN DIFFERENT LOCATIONS IN COLUMBIA, MARYLAND.IT ALSO OFFICIALLY PRESENTED A PARTNERSHIP WITH MERRIWEATHER ARTS CULTURE CENTER .

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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 $249,169

Program Service Revenue $118,075

Investment Income $29,940

Other Revenue $668

TOTAL REVENUE $397,852

Expense Breakdown

Grants Paid $0

Salaries & Benefits $76,016

Fundraising Expenses $41,695

Program Expenses $190,522

Other Expenses $220,988

TOTAL EXPENSES $297,004

Year-over-Year Comparison

	2024	2023	Change
Revenue	$397,852	$478,660	-0.2%
Expenses	$297,004	$485,933	-0.4%
Net Income	$100,848	$-7,273	-14.9%

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

150

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

$60,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIERA GILLOCK	MANAGING DIRECTOR	040.00	Officer	$60,000	$0	$60,000
PHILIP MAHER	PRESIDENT/ACTING EXECUTIVE DIRECTOR	001.00	Officer Director	$0	$0	$0
JENNIFER JONES	VICE PRESIDENT	001.00	Officer Director	$0	$0	$0
JOHN ZICK	TREASURER	001.00	Officer Director	$0	$0	$0
MAE BEALE	SECRETARY	001.00	Officer Director	$0	$0	$0
TOMIWA AROYEWUN	TRUSTEE	001.00	Director	$0	$0	$0
SUSAN BOUCHER	TRUSTEE	001.00	Director	$0	$0	$0
JEREMY SCHARFENBERG	TRUSTEE	001.00	Director	$0	$0	$0
AMANDA HOF	TRUSTEE	001.00	Director	$0	$0	$0
BRAM BERLIN	TRUSTEE	001.00	Director	$0	$0	$0
NICOLA MORGAL	TRUSTEE	001.00	Director	$0	$0	$0
JACQUELINE SCOTT	TRUSTEE	001.00	Director	$0	$0	$0
DARIA WILLIS	TRUSTEE	001.00	Director	$0	$0	$0
PETER FASTOW	TRUSTEE	001.00	Director	$0	$0	$0
STEVEN SACHS	TRUSTEE	001.00	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	$397,852	$297,004	$729,857	$100,848
2024	$478,660	$485,933	$715,775	$-7,273
2023	$464,230	$571,135	$609,379	$-106,905
2022	$643,139	$771,873	$673,202	$-128,734
2021	$519,873	$380,023	$839,259	$139,850
2020	$317,971	$353,488	$662,715	$-35,517