NORTH CAROLINA INTERNATIONAL FOLK FESTIVAL INC (EIN 561369199) - 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

1984

Legal Domicile

Phone

8284522997

Tax Period

2024-01-01 to 2024-12-31

NORTH CAROLINA INTERNATIONAL FOLK FESTIVAL INC, founded in 1984, is a small nonprofit that reported $196K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $180K left a modest 8% surplus.

Mission

PROMOTION OF CULTURE, ARTS, EDUCATION, CREATIVE ENTREPRENUERSHIP AND TRADITION IN WESTERN NORTH CAROLINA

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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 (2024)

Revenue Breakdown

Contributions & Grants $84,734

Program Service Revenue $30,946

Investment Income $180

Other Revenue $80,055

TOTAL REVENUE $195,915

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,277

Fundraising Expenses $0

Program Expenses $140,938

Other Expenses $130,042

TOTAL EXPENSES $180,319

Year-over-Year Comparison

	2024	2023	Change
Revenue	$195,915	$254,568	-0.2%
Expenses	$180,319	$222,196	-0.2%
Net Income	$15,596	$32,372	-0.5%

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
ALAN FLETCHER	PRESIDENT	5.00	Officer Director	$0	$0	$0
ALISA BROWN	TREASURER	2.00	Officer Director	$0	$0	$0
PETER CHRISTIAN	DIRECTOR	10.00	Officer Director	$0	$0	$0
JEFF HAYNES	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BETH ENGAINDER-MAIDA	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT MCLEOD	DIRECTOR	2.00	Director	$0	$0	$0
LAUREN MEDFORD	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
2024	$195,915	$180,319	$1,187,009	$15,596
2022	$228,194	$358,624	$1,134,497	$-130,430
2021	$176,301	$248,790	$1,274,916	$-72,489
2020	$245,770	$255,654	$1,362,327	$-9,884
2019	$674,658	$558,058	$1,266,065	$116,600
2018	$431,983	$452,891	$1,157,322	$-20,908

NORTH CAROLINA INTERNATIONAL FOLK FESTIVAL INC