GARRETT LAKES ARTS FESTIVAL INC (EIN 521608933) - 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

AMY BORTZ

Phone

3013873082

Tax Period

2023-01-01 to 2023-12-31

GARRETT LAKES ARTS FESTIVAL INC, founded in 1988, is a small nonprofit in the Arts, Culture & Humanities sector that reported $240K in total revenue in fiscal year 2023. Revenue surged 102% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE THE EDUCATIONAL BENEFITS OF THE PERFORMING ARTS

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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 $113,434

Program Service Revenue $57,210

Investment Income $13

Other Revenue $69,524

TOTAL REVENUE $240,181

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,812

Fundraising Expenses $24,361

Program Expenses $215,581

Other Expenses $191,429

TOTAL EXPENSES $241,241

Year-over-Year Comparison

	2023	2022	Change
Revenue	$240,181	$119,076	+1.0%
Expenses	$241,241	$177,058	+0.4%
Net Income	$-1,060	$-57,982	-1.0%

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

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
SHEILA MCCRACKEN	EXECUTIVE DIRECTOR	30.00	Director	$0	$0	$0
RUTH BEITZEL	DIRECTOR	0.00	Director	$0	$0	$0
AMY BORTZ	CHAIRMAN	0.00	Officer Director	$0	$0	$0
MARIAN EMR	DIRECTOR	0.00	Director	$0	$0	$0
FRED FOX	EXECUTIVE COMMITTEE	0.00	Director	$0	$0	$0
ANDREW HARVEY	CHAIRMAN	0.00	Officer Director	$0	$0	$0
FRANK SHAP	DIRECTOR	0.00	Director	$0	$0	$0
SUZIE SINCELL	DIRECTOR	0.00	Director	$0	$0	$0
MARY HELEN SPEAR	SECRETARY	0.00	Officer Director	$0	$0	$0
MATIA VANDERBILT	DIRECTOR	0.00	Director	$0	$0	$0
BARRY WEINBERG	DIRECTOR	0.00	Director	$0	$0	$0
SUE ARNSON	DIRECTOR	0.00	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	No data	No data	No data	No data
2023	$240,181	$241,241	$48,120	$-1,060

GARRETT LAKES ARTS FESTIVAL INC