KREWE OF BOWLEGS OF OKALOOSA COUNTY (EIN 593105561) - 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

1992

Legal Domicile

Principal Officer

MICHAEL CASTLEBERRY

Phone

8506519944

Tax Period

2023-07-01 to 2024-06-30

KREWE OF BOWLEGS OF OKALOOSA COUNTY, founded in 1992, is a small nonprofit that reported $300K in total revenue in fiscal year 2023.

Mission

TO CONDUCT SOCIAL ACTIVITIES AS DECIDED BY THE EXECUTIVE BOARD AND TO ASSIST WITH AND PARTICIPATE IN THE BILLY BOWLEGS FESTIVAL

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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 $0

Program Service Revenue $299,968

Investment Income $92

Other Revenue $0

TOTAL REVENUE $300,060

Expense Breakdown

Grants Paid $40,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $279,086

TOTAL EXPENSES $319,086

Year-over-Year Comparison

	2023	2022	Change
Revenue	$300,060	$304,116	0.0%
Expenses	$319,086	$302,237	+0.1%
Net Income	$-19,026	$1,879	-11.1%

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

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
MICHAEL CASTLEBERRY	PRESIDENT	N/A	Officer	$0	$0	$0
MATT TURPIN	FIRST MATE	N/A	Officer	$0	$0	$0
KENT TINSLEY	FIRST VICE P	N/A	Officer	$0	$0	$0
STEVE BOSWELL	TREASURER	N/A	Officer	$0	$0	$0
PETER BARYS	SECRETARY	N/A	Officer	$0	$0	$0
MARK GRINLAND	2ND VICE PRE	N/A	Officer	$0	$0	$0
BOBBY HOLBROOK	PARLIAMENTAR	N/A	Officer	$0	$0	$0
SCOTT HORNE	LACKEY	N/A	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	$300,060	$319,086	$194,563	$-19,026
2023	$304,116	$302,237	$215,309	$1,879
2022	$270,459	$233,471	$211,710	$36,988
2021	$197,038	$212,668	$178,222	$-15,630
2020	$270,508	$193,986	$190,352	$76,522

KREWE OF BOWLEGS OF OKALOOSA COUNTY