PUNGO STRAWBERRY FESTIVAL INC (EIN 541346977) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Phone

7573428072

Tax Period

2020-01-01 to 2020-12-31

PUNGO STRAWBERRY FESTIVAL INC, founded in 1988, is a micro nonprofit that reported $16K in total revenue in fiscal year 2020. Revenue fell 93% from the prior year — a significant decline worth monitoring. Expenses of $39K exceeded revenue, resulting in a 138% operating deficit.

Mission

To support civic and charitable organizations such as public schools through scholarships and other non-profits that promote the welfare of the rural section of Virginia Beach called "Pungo".

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $16,215

Investment Income $4

Other Revenue $0

TOTAL REVENUE $16,219

Expense Breakdown

Grants Paid $5,865

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,780

Other Expenses $32,739

TOTAL EXPENSES $38,604

Year-over-Year Comparison

	2020	2019	Change
Revenue	$16,219	$237,905	-0.9%
Expenses	$38,604	$67,072	-0.4%
Net Income	$-22,385	$170,833	-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

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
Bob Braswell	Director	2.00	Director	$0	$0	$0
Allan Brock	Vice-Chairman Director	2.00	Director Key Emp	$0	$0	$0
Jack Burroughs	Director	2.00	Director	$0	$0	$0
Carolyn Culpepper	Director	2.00	Director	$0	$0	$0
Robin Davenport	Director	2.00		$0	$0	$0
Janet Dowdy	Secretary Director	5.00	Director Key Emp	$0	$0	$0
Dennis Free	Director	2.00		$0	$0	$0
Todd Jones	Chairman Director	5.00	Director Key Emp	$0	$0	$0
David Pace	Treasurer Director	5.00	Director Key Emp	$0	$0	$0
Donna Vaughan	Director	2.00	Director	$0	$0	$0
Anne Bright	Director	2.00	Director	$0	$0	$0
Herb Culpepper	Director	2.00	Director	$0	$0	$0
Sandy Dawson	Director	2.00	Director	$0	$0	$0
Robin Lee	Director	2.00	Director	$0	$0	$0
Tim Lee	Director	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
2020	$16,219	$38,604	$60,672	$-22,385

PUNGO STRAWBERRY FESTIVAL INC