COLUMBIA MUSIC FESTIVAL ASSOCIATION

EIN: 570327881 501(c)(3) Arts, Culture & Humanities

COLUMBIA, SC

Total Revenue
$388,941
Total Expenses
$459,671
Total Assets
$213,839
Net Assets
$213,839
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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
1975
Legal Domicile
SC
Principal Officer
JOHN WHITEHEAD
Phone
8037716303
Tax Period
2023-07-01 to 2024-06-30

COLUMBIA MUSIC FESTIVAL ASSOCIATION, founded in 1975, is a small nonprofit in the Arts, Culture & Humanities sector that reported $389K in total revenue in fiscal year 2023. Expenses of $460K exceeded revenue, resulting in a 18% operating deficit.

Mission

PROVIDE ARTS FACILITY FOR CIVIC PERFORMING COMPANIES

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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 (2023)

Revenue Breakdown

Contributions & Grants $308,516
Program Service Revenue $67,675
Investment Income $19
Other Revenue $12,731
TOTAL REVENUE $388,941

Expense Breakdown

Grants Paid $0
Salaries & Benefits $245,955
Fundraising Expenses $41,812
Program Expenses $300,946
Other Expenses $213,716
TOTAL EXPENSES $459,671

Year-over-Year Comparison

2023 2022 Change
Revenue $388,941 $370,463 +0.0%
Expenses $459,671 $422,760 +0.1%
Net Income $-70,730 $-52,297 +0.4%
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
26
Independent Members
25
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
1
$81,250
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN WHITEHEAD EXEC DIRECTOR 40.00
Officer
$81,250 $0 $81,250
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 No data No data No data No data
2024 $388,941 $459,671 $213,839 $-70,730
2023 $370,463 $422,760 $284,567 $-52,297
2022 $507,084 $372,523 $336,864 $134,561
2021 $294,309 $299,298 $244,001 $-4,989
2020 $357,222 $305,467 $243,793 $51,755
2019 $398,880 $390,821 $221,802 $8,059
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