COLUMBIA FESTIVAL INC (EIN 521599803) - 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

1988

Legal Domicile

Principal Officer

PHIL N MAHER

Phone

4107153044

Tax Period

2023-08-01 to 2024-07-31

COLUMBIA FESTIVAL INC, founded in 1988, is a small nonprofit in the Arts, Culture & Humanities sector that reported $479K in total revenue in fiscal year 2023.

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.

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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 (2023)

Revenue Breakdown

Contributions & Grants $316,298

Program Service Revenue $125,006

Investment Income $35,580

Other Revenue $1,776

TOTAL REVENUE $478,660

Expense Breakdown

Grants Paid $0

Salaries & Benefits $116,437

Fundraising Expenses $65,330

Program Expenses $323,409

Other Expenses $369,496

TOTAL EXPENSES $485,933

Year-over-Year Comparison

	2023	2022	Change
Revenue	$478,660	$464,230	+0.0%
Expenses	$485,933	$571,135	-0.1%
Net Income	$-7,273	$-106,905	-0.9%

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

220

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
KIERA GILLOCK	MANAGING DIRECTOR	040.00	Highest	$58,384	$2,010	$60,394
PHILIP MAHER	PRESIDENT/ACTING EXECUTIVE DIRECTOR	001.00	Officer Director	$0	$0	$0
JENNIFER JONES	VICE PRESIDENT	001.00	Director	$0	$0	$0
JOHN ZICK	TREASURER	001.00	Officer Director	$0	$0	$0
MAE BEALE	SECRETARY	001.00	Director	$0	$0	$0
TOMIWA AROYEWUN	TRUSTEE	001.00	Director	$0	$0	$0
SUSAN BOUCHER	TRUSTEE	001.00	Director	$0	$0	$0
ALISON HICKMAN	TRUSTEE	001.00	Director	$0	$0	$0
AMANDA HOF	TRUSTEE	001.00	Director	$0	$0	$0
DENNIS MATTEY	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

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	$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

COLUMBIA FESTIVAL INC