GULF COAST CARNIVAL & LITERARY ASSOC (EIN 640409646) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1976

Legal Domicile

Principal Officer

MICHAEL D O'NEILL

Phone

2284328806

Tax Period

2024-10-01 to 2025-09-30

GULF COAST CARNIVAL & LITERARY ASSOC, founded in 1976, is a small nonprofit that reported $501K in total revenue in fiscal year 2024. The organization ran a surplus of $78K, a strong 16% operating margin.

Mission

MS GULF COAST MARDI GRAS: STREET PARADE, CORONATION CELEBRATION, ROYAL RECEPTION (OPEN TO PUBLIC).

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $499,520

Investment Income $1,558

Other Revenue $0

TOTAL REVENUE $501,078

Expense Breakdown

Grants Paid $0

Salaries & Benefits $59,980

Fundraising Expenses $0

Program Expenses $423,308

Other Expenses $363,328

TOTAL EXPENSES $423,308

Year-over-Year Comparison

	2024	2023	Change
Revenue	$501,078	$500,276	+0.0%
Expenses	$423,308	$404,790	+0.0%
Net Income	$77,770	$95,486	-0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$55,653

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER SCHMIDT	EXECUTIVE DIRECTOR	40.00	Director	$55,653	$0	$55,653
JEFF ELDER	EXECUTIVE COMMITTEE MEMBER	1.00	Officer Director	$0	$0	$0
MARK MAVAR	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MICHAEL O'NEILL	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID HARRIS	CAPTAIN OF CARNIVAL	10.00	Officer Director	$0	$0	$0
ROBBIE WILLIAMS	LIEUTENANT OF CARNIVAL	10.00	Director	$0	$0	$0
DAVID MACHADO	VICE CHAIR / SECRETARY	1.00	Director	$0	$0	$0
RICHARD SCHMIDT	EXECUTIVE COMMITTEE MEMBER	1.00	Director	$0	$0	$0
RANDI MUELLER	EXECUTIVE COMMITTEE MEMBER	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
2025	$501,078	$423,308	$1,180,117	$77,770
2024	$500,276	$404,790	$1,145,431	$95,486
2023	$478,649	$418,824	$1,069,730	$59,825
2022	$477,585	$400,291	$1,015,707	$77,294
2021	$118,553	$136,228	$1,035,775	$-17,675
2020	$397,598	$376,298	$996,837	$21,300
2019	$422,587	$389,267	$981,437	$33,320
2018	$408,981	$361,028	$887,808	$47,953

GULF COAST CARNIVAL & LITERARY ASSOC