WORLD GRITS FESTIVAL (EIN 570855640) - 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

1986

Legal Domicile

Principal Officer

MARTHA HUFF

Phone

8435636141

Tax Period

2024-08-01 to 2025-07-31

WORLD GRITS FESTIVAL, founded in 1986, is a micro nonprofit that reported $22K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $7K, a strong 34% operating margin.

Mission

TO PROVIDE EDUCATION AND ENTERTAINMENT TO THE COMMUNITY

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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 $31

Other Revenue $21,917

TOTAL REVENUE $21,948

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,600

Other Expenses $14,485

TOTAL EXPENSES $14,485

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,948	$18,711	+0.2%
Expenses	$14,485	$17,802	-0.2%
Net Income	$7,463	$909	+7.2%

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

N/A

Independent Members

N/A

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	Role	Reportable Comp	Other Comp	Total
TANYA BRITT	DIRECTOR	Officer Director	$0	$0	$0
CASANDRA FRANCES	SECRETARY	Officer Director	$0	$0	$0
ROY JUDY	DIRECTOR	Officer Director	$0	$0	$0
NED BERRY	CHAIRMAN	Officer Director	$0	$0	$0
KIMBERLY REINZO	DIRECTOR	Officer Director	$0	$0	$0
ALFRED CHARLEY	DIRECTOR	Officer Director	$0	$0	$0
JILL TURBEVILLE	DIRECTOR	Officer Director	$0	$0	$0
MARTHA HUFF	TREASURER	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	$21,948	$14,485	$76,872	$7,463
2024	$18,711	$17,802	$69,409	$909
2023	$23,408	$17,094	$68,500	$6,314
2022	$13,320	$10,481	$62,186	$2,839
2021	$77	$8,487	$59,347	$-8,410
2020	$7,700	$13,586	$67,759	$-5,886
2019	$13,223	$14,817	$73,645	$-1,594

WORLD GRITS FESTIVAL