SUMTER IRIS FESTIVAL COMMISSION INC

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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

1989

Legal Domicile

Principal Officer

LYNN KENNEDY

Phone

8037736535

Tax Period

2020-01-01 to 2020-12-31

SUMTER IRIS FESTIVAL COMMISSION INC, founded in 1989, is a micro nonprofit that reported $14K in total revenue in fiscal year 2020. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $14K left a modest 5% surplus.

Mission

THE SUMTER IRIS FESTIVAL COMMISSION AIMS TO PROMOTE THE CITY OF SUMTER AND ITS COMMUNITY BY HOLDING AN ANNUAL FESTIVAL

Program Service Accomplishments

Program 1

Expenses: $12,756 Revenue: $6,954

THE IRIS FESTIVAL IS HELD IN SUMTER, SC EACH YEAR DURING THE MEMORIAL DAY WEEKEND. THE FESTIVAL INCLUDES PARADES, EXHIBIT SHOWS, CONCERTS, AND SIMILAR SOCIAL AND CULTURAL ACTIVITIES. THE FESTIVAL...

THE IRIS FESTIVAL IS HELD IN SUMTER, SC EACH YEAR DURING THE MEMORIAL DAY WEEKEND. THE FESTIVAL INCLUDES PARADES, EXHIBIT SHOWS, CONCERTS, AND SIMILAR SOCIAL AND CULTURAL ACTIVITIES. THE FESTIVAL AIMS TO PROMOTE THE SUMTER 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 (2020)

Revenue Breakdown

Contributions & Grants $7,500

Program Service Revenue $6,885

Investment Income $69

Other Revenue $0

TOTAL REVENUE $14,454

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,756

Other Expenses $13,768

TOTAL EXPENSES $13,768

Year-over-Year Comparison

	2020	2019	Change
Revenue	$14,454	$60,899	-0.8%
Expenses	$13,768	$28,419	-0.5%
Net Income	$686	$32,480	-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
LYNN KENNEDY	CHAIRPERSON	10.00	Director	$0	$0	$0
GLENN PEAGLER	BOARD MEMBER	1.00	Director	$0	$0	$0
AUDREY MAPLE	BOARD MEMBER	1.00	Director	$0	$0	$0
REBECCA MONROE-HARDY	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHANIE GRIFFIN SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN GAINES	TREASURER	1.00	Director	$0	$0	$0
HOLLY CHASE	BOARD MEMBER	1.00	Director	$0	$0	$0
CALE YATES	BOARD MEMBER	1.00	Director	$0	$0	$0
PEGGY BLANDING	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL JONAS	BOARD MEMBER	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
2020	$14,454	$13,768	$209,936	$686
2019	$60,899	$28,419	$209,250	$32,480
2018	$46,159	$30,725	$176,770	$15,434