CHESAPEAKE JUBILEE INC (EIN 541468765) - 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

1986

Legal Domicile

Principal Officer

BERKLEY GIBBS

Phone

7574824848

Tax Period

2024-01-01 to 2024-12-31

CHESAPEAKE JUBILEE INC, founded in 1986, is a small nonprofit in the Arts, Culture & Humanities sector that reported $216K in total revenue in fiscal year 2018. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $264K exceeded revenue, resulting in a 22% operating deficit.

Mission

PROMOTE COMMUNITY AWARENESS AND UNITY BY ANNUAL CHESAPEAKE JUBILEE. FESTIVAL PROVIDES MUSICAL ENTERTAINMENT, CRAFTS DISPLAYS, CONTESTS, 4-H AUCTION AND ANIMAL DISPLAYS, CARNIVAL RIDES, FIREWORKS, ETC.

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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 (2024)

Revenue Breakdown

Contributions & Grants $31,500

Program Service Revenue $306,644

Investment Income $8,547

Other Revenue $0

TOTAL REVENUE $346,691

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,392

Fundraising Expenses $10,770

Program Expenses $249,916

Other Expenses $269,895

TOTAL EXPENSES $318,287

Year-over-Year Comparison

	2024	2023	Change
Revenue	$346,691	$390,098	-0.1%
Expenses	$318,287	$323,979	0.0%
Net Income	$28,404	$66,119	-0.6%

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

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
MIKE BEST	DIRECTOR	N/A	Director	$0	$0	$0
LOUIS TAYON	DIRECTOR	N/A	Director	$0	$0	$0
BERKLEY GIBBS	PRESIDENT	N/A	Officer Director	$0	$0	$0
BOBBY CLIFTON	DIRECTOR	N/A	Director	$0	$0	$0
RICKY BOWERS	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
TARA PRESTON	DIRECTOR	N/A	Director	$0	$0	$0
MIKE BARBER	DIRECTOR	N/A	Director	$0	$0	$0
JERRY IVORY	DIRECTOR	N/A	Director	$0	$0	$0
WHITNEY GIBBS	DIRECTOR	N/A	Director	$0	$0	$0
MIKE FOLEY	DIRECTOR	N/A	Director	$0	$0	$0
GEORGE SPENCE	TREASURER	N/A	Officer Director	$0	$0	$0
SKIP BRADY	DIRECTOR	N/A	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	$346,691	$318,287	$337,459	$28,404
2023	$390,098	$323,979	$309,055	$66,119
2022	$346,951	$255,253	$242,936	$91,698
2021	$15,873	$55,824	$151,238	$-39,951
2020	$2,711	$67,912	$191,189	$-65,201
2019	$379,433	$265,081	$256,390	$114,352
2018	$216,144	$263,537	$142,038	$-47,393

CHESAPEAKE JUBILEE INC