FIRST NIGHT ALEXANDRIA 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

1994

Legal Domicile

Principal Officer

Marilyn Patterson

Phone

7039633755

Tax Period

2019-04-01 to 2020-03-31

FIRST NIGHT ALEXANDRIA INC, founded in 1994, is a small nonprofit in the Arts, Culture & Humanities sector that reported $344K in total revenue in fiscal year 2019. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $84K, a strong 24% operating margin.

Mission

To promote the performing and visual arts through a community-side, family oriented, New Year's celebration event.

Program Service Accomplishments

Program 1

Expenses: $238,304 Revenue: $291,827

First Night Alexandria is an all day event that includes performing arts for all ages at multiple venues, children's carnival with arts and crafts activities, and a grand finale of fireworks at...

First Night Alexandria is an all day event that includes performing arts for all ages at multiple venues, children's carnival with arts and crafts activities, and a grand finale of fireworks at midnight. The event promotes performing and visual arts in alcohol free atmosphere, throughout various locations in the city of Alexandria. This event brings together local community members, performers and visitors from the greater Washington metro area.

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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 (2019)

Revenue Breakdown

Contributions & Grants $151,196

Program Service Revenue $192,130

Investment Income $915

Other Revenue $0

TOTAL REVENUE $344,241

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $4,241

Program Expenses $238,304

Other Expenses $260,150

TOTAL EXPENSES $260,150

Year-over-Year Comparison

	2019	2018	Change
Revenue	$344,241	$238,536	+0.4%
Expenses	$260,150	$276,733	-0.1%
Net Income	$84,091	$-38,197	-3.2%

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

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

Total Directors

Key Employees

$66,500

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marilyn Patterson	Executive Director	20	Key Emp	$66,500	$0	$66,500
Christopher Reddick	President	2	Officer Director	$0	$0	$0
Lavern Chapman	Vice President	1	Officer Director	$0	$0	$0
Cody Sullivan	Treasurer	1	Officer Director	$0	$0	$0
Laura MacNamara	Past President	1	Officer Director	$0	$0	$0
Jason Ellis	Director	0.5	Director	$0	$0	$0
Catherin Foltz	Director	0.5	Director	$0	$0	$0
Charlotte Hall	Director	0.5	Director	$0	$0	$0
Tracy Hanfin	Director	0.5	Director	$0	$0	$0
Barbara Hunter	Director	0.5	Director	$0	$0	$0
Kara Macek	Director	0.5	Director	$0	$0	$0
Anna Marie Moore	Director	0.5	Director	$0	$0	$0
Roger Parks	Director	0.5	Director	$0	$0	$0
Rashad Shabazz	Director	0.5	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	$344,241	$260,150	$254,257	$84,091
2018	$221,615	$234,251	$208,363	$-12,636