WESTFEST INC (EIN 741892085) - 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

1977

Legal Domicile

Principal Officer

KATHLEEN MATUS

Tax Period

2023-01-01 to 2023-12-31

WESTFEST INC, founded in 1977, is a small nonprofit in the Recreation & Sports sector that reported $657K in total revenue in fiscal year 2023. Expenses of $617K left a modest 6% surplus.

Mission

COMMUNITY FESTIVAL TO PROMOTE CZECHOSLOVAKIAN HERITAGE

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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 $0

Program Service Revenue $647,493

Investment Income $2,572

Other Revenue $6,449

TOTAL REVENUE $656,514

Expense Breakdown

Grants Paid $57,750

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $617,090

Other Expenses $559,340

TOTAL EXPENSES $617,090

Year-over-Year Comparison

	2023	2022	Change
Revenue	$656,514	$679,272	0.0%
Expenses	$617,090	$598,147	+0.0%
Net Income	$39,424	$81,125	-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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID KOLAR	PRESIDENT	3	Officer	$0	$0	$0
RYAN KOLAR	VICE-PRESIDENT	1	Officer	$0	$0	$0
KATHY MATUS	TREASURER	3	Officer	$0	$0	$0
BRIAN MUSKA	DIRECTOR	1	Officer	$0	$0	$0
AIMEE SHELTON	SECRETARY	1	Officer	$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	No data	No data	No data	No data
2023	$656,514	$617,090	$878,384	$39,424
2022	$679,272	$598,147	$829,216	$81,125
2021	$701,792	$622,582	$751,347	$79,210
2020	$3,582	$60,742	$663,207	$-57,160
2019	$652,258	$620,043	$732,581	$32,215
2018	$600,054	$557,107	$692,192	$42,947

WESTFEST INC