THE BARBECUE FESTIVAL INC

EIN: 561405573

LEXINGTON, NC

Total Revenue
$607,303
Total Expenses
$645,644
Total Assets
N/A
Net Assets
$-17,313
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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
NC
Principal Officer
STEPHANIE NASET
Tax Period
2024-02-01 to 2025-01-31

THE BARBECUE FESTIVAL INC, founded in 1984, is a small nonprofit that reported $607K in total revenue in fiscal year 2024.

Mission

RECREATION/EDUCATION OF GENERAL PUBLIC

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $190,819
Program Service Revenue $416,484
Investment Income $0
Other Revenue $0
TOTAL REVENUE $607,303

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $532,086
Other Expenses $645,644
TOTAL EXPENSES $645,644

Year-over-Year Comparison

2024 2023 Change
Revenue $607,303 $569,014 +0.1%
Expenses $645,644 $535,046 +0.2%
Net Income $-38,341 $33,968 -2.1%
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

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Governance

Voting Members
2
Independent Members
1
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EVAN PARSONS TREASURER 0.00
Officer
$0 $0 $0
STEPHANIE NASET PRESIDENT 0.00
Officer
$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
2025 $607,303 $645,644 No data $-38,341
2024 $569,014 $535,046 $29,744 $33,968
2023 $404,118 $422,030 $5,566 $-17,912
2022 $120,784 $87,243 $22,306 $33,541
2021 $72,732 $57,561 $-1,404 $15,171
2020 $384,868 $384,342 $-7,750 $526
2019 $358,222 $360,887 $-7,369 $-2,665
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