SUNFEST OF PALM BEACH COUNTY 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

1978

Legal Domicile

Principal Officer

DIANNA CRAVEN

Phone

5616595980

Tax Period

2023-06-01 to 2024-05-31

SUNFEST OF PALM BEACH COUNTY INC, founded in 1978, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.7M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $7.2M exceeded revenue, resulting in a 27% operating deficit.

Mission

SUNFEST'S PRIMARY PURPOSE IS TO SPONSOR ART AND MUSIC FESTIVALS FOR THE BENEFIT OF THE GENERAL PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $6,646,346 Revenue: $2,809,217

SUNFEST'S PRIMARY PURPOSE IS TO SPONSOR ART AND MUSIC FESTIVALS FOR THE BENEFIT OF THE GENERAL PUBLIC. THE ORGANIZATION HOLDS ONE MAIN EVENT EACH YEAR THAT COVERS A THREE-DAY PERIOD DURING THE FIRST...

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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 $2,790,833

Program Service Revenue $2,773,888

Investment Income $54,757

Other Revenue $35,329

TOTAL REVENUE $5,654,807

Expense Breakdown

Grants Paid $1,510

Salaries & Benefits $592,110

Fundraising Expenses $341,827

Program Expenses $6,646,346

Other Expenses $6,566,102

TOTAL EXPENSES $7,159,722

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,654,807	$6,939,545	-0.2%
Expenses	$7,159,722	$8,564,691	-0.2%
Net Income	$-1,504,915	$-1,625,146	-0.1%

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

1600

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

$126,199

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHANIE GLAVIN DELTONDO	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARSHALL OSOFSKY	PAST PRESIDENT 23	1.00	Officer Director	$0	$0	$0
STEPHANIE WALDROP	PAST PRESIDENT 22	1.00	Officer Director	$0	$0	$0
BRIAN ELKINS	TREASURER	1.00	Officer Director	$0	$0	$0
IVAN ROSA	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
CHRIS-ANNE AYERS	DIRECTOR	1.00	Director	$0	$0	$0
TODD BONLARRON	EC AT LARGE	1.00	Director	$0	$0	$0
JENNIFER BROWN	SECRETARY	1.00	Officer Director	$0	$0	$0
TRACY COOPER	DIRECTOR	1.00	Director	$0	$0	$0
VINCENT CUOMO	DIRECTOR	1.00	Director	$0	$0	$0
SANTO DIGANGI	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN DUERR	DIRECTOR	1.00	Director	$0	$0	$0
RICK DUPREY	DIRECTOR	1.00	Director	$0	$0	$0
KELLY HERRMANN	DIRECTOR	1.00	Director	$0	$0	$0
LAURA KING-CURRAN	DIRECTOR	1.00	Director	$0	$0	$0
ELISA MANDESE	DIRECTOR	1.00	Director	$0	$0	$0
STEVE MAYANS	LEGAL COUNSEL	1.00	Director	$0	$0	$0
SHANE SAVAGE	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA SEELIG	DIRECTOR	1.00	Director	$0	$0	$0
GRASFORD SMITH	DIRECTOR	1.00	Director	$0	$0	$0
BRITTANY TALLON	DIRECTOR	1.00	Director	$0	$0	$0
DIANA D CRAVEN	EXECUTIVE DIRECTOR	40.00	Officer	$119,692	$6,507	$126,199
DANIEL GOODE	EVENT DIRECTOR	40.00	Highest	$100,813	$79	$100,892
PAUL JAMIESON	FORMER EXECUTIVE DIRECTOR	40.00		$146,581	$11,961	$158,542

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	$5,654,807	$7,159,722	$1,261,495	$-1,504,915
2023	$6,939,545	$8,564,691	$2,908,964	$-1,625,146
2022	$9,247,080	$7,428,966	$4,618,785	$1,818,114
2021	$249,726	$819,938	$2,617,930	$-570,212
2020	$2,886,362	$1,703,095	$3,227,791	$1,183,267
2019	$5,762,929	$7,709,708	$2,784,505	$-1,946,779
2018	$6,371,412	$7,403,627	$4,206,106	$-1,032,215
2018	$6,371,412	$7,403,627	$4,206,106	$-1,032,215