MELBOURNE ART FESTIVAL INC (EIN 592525180) - 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

1987

Legal Domicile

Principal Officer

JOHANA GANT

Tax Period

2018-10-01 to 2019-09-30

MELBOURNE ART FESTIVAL INC, founded in 1987, is a small nonprofit in the Arts, Culture & Humanities sector that reported $193K in total revenue in fiscal year 2018. Revenue decreased 18% compared to the prior year. Expenses of $229K exceeded revenue, resulting in a 18% operating deficit.

Mission

THE MISSION OF THE MELBOURNE ART FESTIVAL IS (A) TO ORGANIZE, PROMOTE, AND ENCOURAGE ARTISTIC ENDEAVORS, EDUCATION, AND APPRECIATION; (B) TO ADVOCATE AND SUPPORT THE IMPROVEMENT AND BETTERMENT OF THE QUALITY OF LIFE IN OUR COMMUNITY; AND (C) TO SPONSOR AN ANNUAL ART FESTIVAL IN FURTHERANCE OF BOTH THESE IDEALS.

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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 (2018)

Revenue Breakdown

Contributions & Grants $42,793

Program Service Revenue $150,687

Investment Income $17

Other Revenue $0

TOTAL REVENUE $193,497

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $208,882

Other Expenses $229,186

TOTAL EXPENSES $229,186

Year-over-Year Comparison

	2018	2017	Change
Revenue	$193,497	$236,560	-0.2%
Expenses	$229,186	$251,304	-0.1%
Net Income	$-35,689	$-14,744	+1.4%

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

378

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
JOHANA GANT	PRESIDENT	4.00	Officer Director	$0	$0	$0
LINDA CASTELLI	VICE PRESIDE	4.00	Officer Director	$0	$0	$0
ELISE VAUGHN	VICE PRESIDE	4.00	Officer Director	$0	$0	$0
GREGORY BELL	TREASURER	4.00	Officer Director	$0	$0	$0
MARTHA CASE	SECRETARY	4.00	Officer Director	$0	$0	$0
SALVATORE D'AMATO	DIRECTOR	4.00	Director	$0	$0	$0
RHONDA HUCKABEE	DIRECTOR	4.00	Director	$0	$0	$0
JOHN KETCHEL	DIRECTOR	4.00	Director	$0	$0	$0
SHELLY MCNULTY	DIRECTOR	4.00	Director	$0	$0	$0
DOUG TAYLOR	DIRECTOR	4.00	Director	$0	$0	$0
MARK VANSTRUM	DIRECTOR	4.00	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
2019	$193,497	$229,186	$111,561	$-35,689
2018	$236,560	$251,304	$147,250	$-14,744

MELBOURNE ART FESTIVAL INC