MAINSAIL ART FESTIVAL INC (EIN 592650459) - 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

1985

Legal Domicile

Principal Officer

FIORELLA FERRARI

Phone

7275781040

Tax Period

2023-01-01 to 2023-12-31

MAINSAIL ART FESTIVAL INC, founded in 1985, is a small nonprofit in the Arts, Culture & Humanities sector that reported $209K in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $201K left a modest 4% surplus.

Mission

THE ORGANIZATION'S PURPOSE IS TO PROVIDE A QUALITY ARTS FESTIVAL TO ENHANCE THE CULTURAL ACTIVITY IN THE COMMUNITY. THE ARTISTS ARE THE PARTICIPANTS, WHILE THE COMMUNITY IS THE RECIPIENT. THE ANNUAL ART FESTIVAL IS THE ORGANIZATION'S SOLE ACTIVITY.

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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 $24,735

Program Service Revenue $183,575

Investment Income $987

Other Revenue $159

TOTAL REVENUE $209,456

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $200,749

Other Expenses $200,749

TOTAL EXPENSES $200,749

Year-over-Year Comparison

	2023	2022	Change
Revenue	$209,456	$150,179	+0.4%
Expenses	$200,749	$208,370	0.0%
Net Income	$8,707	$-58,191	-1.1%

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

N/A

Volunteers

250

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
LISA WELLS	DIRECTOR/CHA	2.00	Officer Director	$0	$0	$0
FIORELLA FERRARI	DIRECTOR/TRE	2.00	Officer Director	$0	$0	$0
JANE LINK FERGUSON	DIRECTOR/CHA	2.00	Officer Director	$0	$0	$0
CHLOE FIREBAUGH	DIRECTOR/COM	2.00	Officer Director	$0	$0	$0
STEVIE OSTERLAND	COMMITTEE	1.00	Director	$0	$0	$0
KEVIN KOZAK	COMMITTEE	1.00	Director	$0	$0	$0
MEGAN ROACH	COMMITTEE	1.00	Director	$0	$0	$0
ANDREW DAVIS	COMMITTEE	1.00	Director	$0	$0	$0
CASEY MCKEON	COMMITTEE	1.00	Director	$0	$0	$0
MARY FINNEGAN	COMMITTEE	1.00	Director	$0	$0	$0
BARBARA DEININGER	COMMITTEE	1.00	Director	$0	$0	$0
LESLIE MCKEON	COMMITTEE	1.00	Director	$0	$0	$0
MICHELLE TYRRELL	COMMITTEE	1.00	Director	$0	$0	$0
KYLE MCKEON	COMMITTEE	1.00	Director	$0	$0	$0
AMANDA MCKEON	COMMITTEE	1.00	Director	$0	$0	$0
DONNA FLETCHER	COMMITTEE	1.00	Director	$0	$0	$0
DOROTHY XANOS	COMMITTEE	1.00	Director	$0	$0	$0
MIA CONZA	COMMITTEE	1.00	Director	$0	$0	$0
C LOUISE WILSON	COMMITTEE	1.00	Director	$0	$0	$0
LISA CAMPBELL	COMMITTEE	1.00	Director	$0	$0	$0
DAVE FERGUSON	COMMITTEE	1.00	Director	$0	$0	$0
GREGORY FISHER	COMMITTEE	1.00	Director	$0	$0	$0
LINDSEY HUMBURG	COMMITTEE	1.00	Director	$0	$0	$0
BEN HOCKETT	COMMITTEE	1.00	Director	$0	$0	$0
JENNIFER FERGUSON	COMMITTEE	1.00	Director	$0	$0	$0
CAMERON HILL	COMMITTEE	1.00	Director	$0	$0	$0
ROBIN PERRY DANA	COMMITTEE	1.00	Director	$0	$0	$0
JOHN MAYHUGH	COMMITTEE	1.00	Director	$0	$0	$0
SARAH MURPHY	COMMITTEE	1.00	Director	$0	$0	$0
JONATHON OGLE	COMMITTEE	1.00	Director	$0	$0	$0
TOMA C STUBBS	COMMITTEE	1.00	Director	$0	$0	$0
JENNIFER ROACH	COMMITTEE	1.00	Director	$0	$0	$0
CONNIE HUMBURG	COMMITTEE	1.00	Director	$0	$0	$0
TREVOR WELLS	COMMITTEE	1.00	Director	$0	$0	$0
GRACE WELLS	COMMITTEE	1.00	Director	$0	$0	$0
CATHY HAKE	COMMITTEE	1.00	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
2024	No data	No data	No data	No data
2023	$209,456	$200,749	$185,905	$8,707
2022	$150,179	$208,370	$177,198	$-58,191
2021	$32,182	$12,989	$235,389	$19,193
2020	$80,327	$39,458	$216,196	$40,869
2019	$187,999	$184,651	$175,327	$3,348
2018	$172,501	$190,473	$171,979	$-17,972

MAINSAIL ART FESTIVAL INC