600 FESTIVAL ASSOCIATION INC (EIN 561406581) - 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

1983

Legal Domicile

Principal Officer

GREG WALTER

Phone

7044558888

Tax Period

2024-10-01 to 2025-09-30

600 FESTIVAL ASSOCIATION INC, founded in 1983, is a micro nonprofit that reported $10K in total revenue in fiscal year 2024. Revenue fell 50% from the prior year — a significant decline worth monitoring.

Mission

CIVIC LEAGUE TO PLAN, SPONSOR, AND SUPPORT MAJOR AUTOMOBILE RACES

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $10,000

TOTAL REVENUE $10,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,269

Other Expenses $10,032

TOTAL EXPENSES $10,032

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,000	$20,000	-0.5%
Expenses	$10,032	$9,982	+0.0%
Net Income	$-32	$10,018	-1.0%

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
WINSTON KELLEY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DOUG STAFFORD	EX-OFFICIO	1.00	Director	$0	$0	$0
JEFFREY L EDGE	AT-LARGE	1.00	Director	$0	$0	$0
GREG WALTER	PRESIDENT	1.00	Officer Director	$0	$0	$0
ALLISON SODERBERG	AT-LARGE	1.00	Director	$0	$0	$0
DONNA CARPENTER	AT-LARGE	1.00	Director	$0	$0	$0
WILL PITTS	AT-LARGE	1.00	Director	$0	$0	$0
SCOTT NEWTON	AT-LARGE	1.00	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
2025	$10,000	$10,032	$17,229	$-32
2024	$20,000	$9,982	$17,261	$10,018
2023	No data	$11,234	$7,243	No data
2022	$73,116	$6,027	$8,477	$67,089
2021	$4,033	$17,917	$535,824	$-13,884
2020	$-7,256	$154,988	$500,126	$-162,244
2019	$4,593	$4,461	$183,231	$132
2018	$-10,749	No data	$3,708	No data

600 FESTIVAL ASSOCIATION INC