HISTORIC MORGANTON FESTIVAL INC (EIN 581371611) - 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

1981

Legal Domicile

Phone

8284385280

Tax Period

2024-01-01 to 2024-12-31

HISTORIC MORGANTON FESTIVAL INC, founded in 1981, is a small nonprofit that reported $319K in total revenue in fiscal year 2024. Expenses of $301K left a modest 6% surplus.

Mission

BENEFIT AND DEVELOPMENT OF THE CITY OF MORGANTON 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 $317,699

Investment Income $954

Other Revenue $324

TOTAL REVENUE $318,977

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $284,850

Other Expenses $300,691

TOTAL EXPENSES $300,691

Year-over-Year Comparison

	2024	2023	Change
Revenue	$318,977	N/A	N/A
Expenses	$300,691	N/A	N/A
Net Income	$18,286	N/A	N/A

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
SHARON JABLONSKI	PROGRAM DIRECTOR	10.00	Director	$0	$0	$0
JUDY WILLIS	PRESIDENT	1.00	Director	$0	$0	$0
TOM PEELER	VICE PRESIDENT	1.00	Director	$0	$0	$0
MARLA BLACK	2ND VICE PRESIDENT	1.00	Director	$0	$0	$0
DIANNE REIHL	TREASURER	1.00	Director	$0	$0	$0
GENE WILLARD	BOARD DIRECTOR	1.00	Director	$0	$0	$0
BRYAN BLACK	BOARD DIRECTOR	1.00	Director	$0	$0	$0
EDDIE MCGIMSEY	BOARD DIRECTOR	1.00	Director	$0	$0	$0
ABBY NELSON	BOARD DIRECTOR	1.00	Director	$0	$0	$0
STEVE GREGORY	BOARD DIRECTOR	1.00	Director	$0	$0	$0
TAMERA SUTHER	BOARD DIRECTOR	1.00	Director	$0	$0	$0
GENE REIHL	BOARD DIRECTOR	1.00	Director	$0	$0	$0
ED PHILLIPS	BOARD DIRECTOR	1.00	Director	$0	$0	$0
MAKENZIE MCGINNIS	MANAGER	10.00	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	$318,977	$300,691	$146,513	$18,286
2023	$331,333	$294,219	$122,516	$37,114
2022	$250,761	$244,394	$96,568	$6,367
2021	$98,436	$85,376	$77,707	$13,060
2020	$19,770	$42,079	$74,647	$-22,309

HISTORIC MORGANTON FESTIVAL INC