NATIONAL CORNBREAD FESTIVAL IN (EIN 621686453) - 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

Legal Domicile

Principal Officer

BETH DUGGAR

Tax Period

2023-02-01 to 2024-01-31

NATIONAL CORNBREAD FESTIVAL IN is a small nonprofit in the Recreation & Sports sector that reported $199K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $67K, a strong 34% operating margin.

Mission

ANNUAL EVENT IS HELD TO BRING PEOPLE FROM ALL OVER THE SOUTH TO VISIT S PITTSBURG WHILE RAISING MONEY TO BE SELF SUPPORTING AND CONTRIBUTE TO LOCAL CHARITIES&GOV

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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 $118,440

Program Service Revenue $0

Investment Income $14,473

Other Revenue $66,345

TOTAL REVENUE $199,258

Expense Breakdown

Grants Paid $92,234

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $417,766

Other Expenses $39,541

TOTAL EXPENSES $131,775

Year-over-Year Comparison

	2023	2022	Change
Revenue	$199,258	$264,356	-0.2%
Expenses	$131,775	$127,839	+0.0%
Net Income	$67,483	$136,517	-0.5%

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
LAMAR JENKINS	DIRECTOR	1	Director	$0	$0	$0
CAREY GARLAND	DIRECTOR	1	Director	$0	$0	$0
SHAWN HENSON	V PRESIDENT	3	Officer Director	$0	$0	$0
SAM DURHAM	TREASURER	3	Officer Director	$0	$0	$0
BETH DUGGAR	PRESIDENT	5	Officer Director	$0	$0	$0
PAIGE HILL	SECRETARY	2	Officer 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
2025	No data	No data	No data	No data
2024	$199,258	$131,775	$906,943	$67,483
2023	$246,346	$108,117	$841,172	$138,229
2022	$130,231	$27,464	$702,943	$102,767
2021	$7,663	$49,502	$600,176	$-41,839
2020	$160,131	$145,151	$642,015	$14,980
2019	$174,551	$110,822	$627,035	$63,729

NATIONAL CORNBREAD FESTIVAL IN