BEAUFORT WATER FESTIVAL (EIN 576028951) - 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

1955

Legal Domicile

Principal Officer

MEREDITH A KEENE CPA M

Phone

8435240600

Tax Period

2024-11-01 to 2025-10-31

BEAUFORT WATER FESTIVAL, founded in 1955, is a small nonprofit that reported $682K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

TO PROMOTE ECONOMIC GROWTH AND COMMUNITY AWARENESS IN BEAUFORT COUNTY BY SPONSORING A 10-DAY FESTIVAL FEATURING THE LOCAL COMMUNITY AND INVOLVING SEVERAL OF THE LOCAL CIVIC ORGANIZATIONS.

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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 $659,423

Investment Income $22,858

Other Revenue $0

TOTAL REVENUE $682,281

Expense Breakdown

Grants Paid $3,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $709,807

Other Expenses $706,303

TOTAL EXPENSES $709,803

Year-over-Year Comparison

	2024	2023	Change
Revenue	$682,281	$719,802	-0.1%
Expenses	$709,803	$693,439	+0.0%
Net Income	$-27,522	$26,363	-2.0%

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

350

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
TODD STOWE	PRESIDENT	15.00	Officer Director	$0	$0	$0
JONATHAN DUSTY VICKERS	VICE-PRESIDENT	15.00	Officer	$0	$0	$0
MEREDITH KEENE	TREASURER	15.00	Officer	$0	$0	$0
STACEY CANADAY	SECRETARY	5.00	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	$682,281	$709,803	$558,050	$-27,522
2024	$719,802	$693,439	$580,392	$26,363
2023	$738,088	$685,976	$556,320	$52,112
2022	$707,012	$597,556	$509,852	$109,456
2021	$646,031	$509,233	$394,491	$136,798
2020	$3,993	$31,873	$255,761	$-27,880
2019	$558,769	$528,778	$288,896	$29,991
2018	$519,297	$507,414	$261,445	$11,883

BEAUFORT WATER FESTIVAL