SAVANNAH MUSIC FESTIVALINC (EIN 581401616) - 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

1980

Legal Domicile

Principal Officer

MARY DUGAS

Phone

9122343378

Tax Period

2023-07-01 to 2024-06-30

SAVANNAH MUSIC FESTIVALINC, founded in 1980, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.8M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

THE SAVANNAH MUSIC FESTIVAL IS DEDICATED TO PRESENTING WORLD-CLASS CELEBRATIONS OF THE MUSICAL ARTS BY CREATING TIMELESS AND ADVENTUROUS PRODUCTIONS THAT STIMULATE ARTS EDUCATION, FOSTER ECONOMIC GROWTH AND UNITE ARTISTS AND AUDIENCES IN SAVANNAH GA

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,543,266

Program Service Revenue $975,532

Investment Income $62,424

Other Revenue $222,083

TOTAL REVENUE $3,803,305

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,490,275

Fundraising Expenses $485,566

Program Expenses $3,017,647

Other Expenses $2,375,694

TOTAL EXPENSES $3,865,969

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,803,305	$4,055,325	-0.1%
Expenses	$3,865,969	$4,810,005	-0.2%
Net Income	$-62,664	$-754,680	-0.9%

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

Volunteers

175

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

$320,704

Total Directors

$16,824

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY DUGAS	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
VICKI MCELREATH	PAST BOARD C	2.00	Officer Director	$0	$0	$0
RON WHITAKER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
HAROLD YELLIN	BOARD SECRET	2.00	Officer Director	$0	$0	$0
BILL KEIGHTLEY	BOARD TREASU	2.00	Officer Director	$0	$0	$0
TOM REILLY	BOARD MEMBER	1.00	Director	$0	$0	$0
MELISSA BOUCHILLON	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM COY	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB FAIRCLOTH	CHAIR EMERIT	1.00	Director	$0	$0	$0
JOHN HASLAM	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID JOHNSON JR	BOARD MEMBER	1.00	Director	$0	$0	$0
HOLDEN HAYES	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF KOLE	BOARD MEMBER	1.00	Director	$0	$0	$0
ANN LEVETT	BOARD MEMBER	1.00	Director	$0	$0	$0
BH LEVY	BOARD MEMBER	1.00	Director	$0	$0	$0
RUTH MCMULLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY PIKE	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSICA CARTER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH MARINELLI	BOARD MBR (E	1.00	Director	$0	$0	$0
TRIPP TOLLISON	BOARD MBR (E	1.00	Director	$0	$0	$0
MONTY JONES JR	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL JACQUES	BOARD MEMBER	1.00	Director	$0	$0	$0
KACEY KENNICKELL RAY	BOARD MEMBER	1.00	Director	$0	$0	$0
SHELBY G SCHAVOIR	BOARD MEMBER	1.00	Director	$0	$0	$0
RHEGAN WHITE-CLEMM	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE EAGLE	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES VIRGINA	BOARD MEMBER	1.00	Director	$0	$0	$0
DR CHRISTOPHER WALLS	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID SNEED	BOARD MEMBER	1.00	Director	$0	$0	$0
JOY ROCHE	BOARD MEMBER	1.00	Director	$0	$0	$0
OLIVIA PARKER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIO HILLIARD	BOARD MEMBER	1.00	Director	$0	$0	$0
ZACH THOMAS	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE BIRRELL	CONTROLLER	40.00	Director	$16,824	$0	$16,824
RYAN MCMAKEN	ARTISTIC DIR	40.00	Officer	$143,734	$0	$143,734
GENE DOBBS BRADFORD	EXECUTIVE DI	40.00	Officer	$176,970	$0	$176,970

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	$3,803,305	$3,865,969	$2,937,815	$-62,664
2023	$4,055,325	$4,810,005	$2,744,119	$-754,680
2022	$4,203,269	$3,485,563	$3,350,179	$717,706
2021	$2,078,517	$1,477,333	$2,910,137	$601,184
2020	$2,495,350	$1,768,120	$2,576,800	$727,230
2019	$3,602,806	$3,618,214	$1,430,472	$-15,408

SAVANNAH MUSIC FESTIVALINC