GULLAH FESTIVAL OF SOUTH CAROLINA (EIN 570837939) - 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

1985

Legal Domicile

Phone

6788659065

Tax Period

2024-01-01 to 2024-12-31

GULLAH FESTIVAL OF SOUTH CAROLINA, founded in 1985, is a small nonprofit in the Arts, Culture & Humanities sector that reported $334K in total revenue in fiscal year 2024. Revenue surged 146% from the prior year, signaling strong growth momentum. The organization ran a surplus of $156K, a strong 47% operating margin.

Mission

The Gullah Festival was established to honor and recreate the atmosphere of a celebration called Decoration Day now named Memorial Day. As a result every year during the festival weekend there is a Decoration Day Play to commemorate the historic event. The Festival provides a unique family friendly cultural experience for local national and international attendees of over 35,000 during the 3 day event.

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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 $334,498

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $334,498

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $153,391

Other Expenses $178,800

TOTAL EXPENSES $178,800

Year-over-Year Comparison

	2024	2023	Change
Revenue	$334,498	$135,736	+1.5%
Expenses	$178,800	$93,511	+0.9%
Net Income	$155,698	$42,225	+2.7%

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

N/A

Employees

N/A

Volunteers

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
THOMAS ROY HICKS	PRESDIENT	20.00	Officer	$0	$0	$0
REBA PAZANT	TREASURER	20.00	Officer	$0	$0	$0
PAZANTA BYARS	SECRETARY	20.00	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	No data	No data	No data	No data
2024	$334,498	$178,800	$155,698	$155,698

GULLAH FESTIVAL OF SOUTH CAROLINA