SCHULENBURG FESTIVAL ASSOCIATION I… - Form 990 Financial Data

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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

1977

Legal Domicile

Principal Officer

NICOLE MICHALKE

Phone

9797435617

Tax Period

2023-11-01 to 2024-10-31

SCHULENBURG FESTIVAL ASSOCIATION INC, founded in 1977, is a micro nonprofit that reported $24K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $8K, a strong 36% operating margin.

Mission

PROVIDE COMMUNITY IMPROVEMENTS & STUDENT SCHOLARSHIPS

Program Service Accomplishments

Program 1

Expenses: $11,161 Revenue: $0

PROVIDE FUNDS TO LOCAL CHARITABLE ORGANIZATIONS TO IMPROVE FACILITIES/EQUIPMENT AND PROVIDE SERVICES TO OUR ESTIMATED 2,900 RURAL COMMUNITY RESIDENTS.

Program 2

Expenses: $4,038 Revenue: $0

PROVIDE STUDENT SCHOLARSHIPS TO UNRELATED INDIVIDUALS ENTERING COLLEGE OR AN ACCREDITED TRADE SCHOOL. SCHOLARSHIPS PAID DIRECTLY TO COLLEGE WHO APPLIES IT TO THE INDIVIDUALS TUITION & FEES BALANCE.

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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 $60,000

Program Service Revenue $0

Investment Income $287

Other Revenue $-36,598

TOTAL REVENUE $23,689

Expense Breakdown

Grants Paid $14,116

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $15,199

Other Expenses $1,083

TOTAL EXPENSES $15,199

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,689	$26,706	-0.1%
Expenses	$15,199	$12,267	+0.2%
Net Income	$8,490	$14,439	-0.4%

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
MICHAEL ZWESCHPER	PRESIDENT	2.00	Officer Director	$0	$0	$0
JARROD SCHRAMEK	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
SHEILA BROSSMANN	SECRETARY	2.00	Officer Director	$0	$0	$0
NICOLE MICHALKE	TREASURER	2.00	Officer Director	$0	$0	$0
ANNA DEMEL	TREASURER	2.00	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
2024	$23,689	$15,199	$126,358	$8,490
2023	$26,706	$12,267	$117,868	$14,439
2022	$47,414	$6,200	$110,157	$41,214
2021	$29,264	$10,363	$62,215	$18,901
2020	$-6,499	$23,152	$43,314	$-29,651
2019	$23,364	$27,081	$72,965	$-3,717
2018	$39,197	$40,536	$76,682	$-1,339

SCHULENBURG FESTIVAL ASSOCIATION INC