MCDOWELL MOUNTAIN MUSIC FESTIVAL INC (EIN 680570400) - 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

2002

Legal Domicile

Principal Officer

JOHN LARGAY JR

Phone

6029561323

Tax Period

2023-01-01 to 2023-12-31

MCDOWELL MOUNTAIN MUSIC FESTIVAL INC, founded in 2002, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.6M in total revenue in fiscal year 2023.

Mission

ORGANIZING AND PROMOTING MUSIC FESTIVALS, CONCERTS, AND SIMILAR MUSIC APPRECIATION ACTIVITIES AMONG FAMILY MEMBERS, AND PROMOTING MUSIC'S ROLE IN THE CREATION AND DEFINITION OF ARIZONA'S CULTURE AND EDUCATION.

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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 $2,520,540

Program Service Revenue $1,051,275

Investment Income $7,205

Other Revenue $5,000

TOTAL REVENUE $3,584,020

Expense Breakdown

Grants Paid $692,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,798,579

Other Expenses $3,183,707

TOTAL EXPENSES $3,875,707

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,584,020	$3,508,782	+0.0%
Expenses	$3,875,707	$3,584,370	+0.1%
Net Income	$-291,687	$-75,588	+2.9%

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

N/A

Volunteers

300

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
R JOHN LARGAY	PRESIDENT	3.00	Officer Director	$0	$0	$0
GARRETT A NYBO	VICE PRESIDENT/SECRETARY	2.00	Officer Director	$0	$0	$0
CATHY A LARGAY	TREASURER	2.00	Officer Director	$0	$0	$0
DAVID HREHA	CHIEF FINANCIAL OFFICER	3.00	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
2023	$3,584,020	$3,875,707	$1,406,760	$-291,687
2022	$3,508,782	$3,584,370	$1,644,397	$-75,588
2021	$1,314,025	$472,167	$1,908,485	$841,858
2020	$2,325,085	$2,465,535	$905,233	$-140,450
2019	$2,597,055	$1,994,091	$1,290,317	$602,964
2018	$1,570,260	$1,600,109	$820,073	$-29,849

MCDOWELL MOUNTAIN MUSIC FESTIVAL INC