FRIENDS OF THE FESTIVAL INC (EIN 593617240) - 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

2000

Legal Domicile

Principal Officer

Renee Cossette

Phone

7272447026

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE FESTIVAL INC, founded in 2000, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $66K in total revenue in fiscal year 2024. Revenue fell 51% from the prior year — a significant decline worth monitoring. Net assets of $210K represent 38 months of operating reserves.

Mission

TO PRESENT A HIGH QUALITY PROGRAM OF GAY AND LESBIAN THEMED FILMS AND VIDEOS TO THE TAMPA BAY COMMUNITY FOR THE COMMUNITY'S ARTISTIC ENRICHMENT AND ENJOYMENT AND TO FOSTER UNDERSTANDING AND APPRECIATION FOR THE LIVES OF PEOPLE REGARDLESS OF SEXUAL ORIENTATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $54,767

Program Service Revenue $11,320

Investment Income $1

Other Revenue $0

TOTAL REVENUE $66,088

Expense Breakdown

Grants Paid $0

Salaries & Benefits $38,974

Fundraising Expenses $0

Program Expenses $17,437

Other Expenses $29,031

TOTAL EXPENSES $68,005

Year-over-Year Comparison

	2024	2023	Change
Revenue	$66,088	$136,214	-0.5%
Expenses	$68,005	$157,583	-0.6%
Net Income	$-1,917	$-21,369	-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

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
Kayden Rodriguez	President	2	Officer Director	$0	$0	$0
Unity Jalal	Director	1	Director	$0	$0	$0
Caroline Bedenbaugh	Treasurer	2	Officer Director	$0	$0	$0
Katrina Miller	Director	1	Director	$0	$0	$0
Diego Leon	Secretary	2	Officer Director	$0	$0	$0
Alex Mitow	Director	1	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	$66,088	$68,005	$210,362	$-1,917
2023	$136,214	$157,583	$206,430	$-21,369
2022	$145,984	$177,861	$215,399	$-31,877
2021	$104,779	$112,448	$280,584	$-7,669
2020	$78,034	$85,087	$50,058	$-7,053
2019	$222,854	$158,271	$262,707	$64,583
2018	$174,938	$165,903	$198,004	$9,035

FRIENDS OF THE FESTIVAL INC