SOMBRERO FESTIVAL LTD (EIN 742485148) - 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

1985

Principal Officer

OLGA GONZALEZ

Phone

9565509682

Tax Period

2023-10-01 to 2024-09-30

SOMBRERO FESTIVAL LTD, founded in 1985, is a small nonprofit that reported $215K in total revenue in fiscal year 2023. Revenue fell 52% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $137K, a strong 64% operating margin.

Mission

This non-profit organization is organized to provide greater opportunity for the citizens of Brownsville to participate more fully in the Charro Days Festivities by sponsoring additional family oriented activities and to enhance the image of Brownsville through projects such as beautification, tourism and recreation.

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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 $370,027

Program Service Revenue $0

Investment Income $17,316

Other Revenue $-172,809

TOTAL REVENUE $214,534

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $17,784

Other Expenses $77,418

TOTAL EXPENSES $77,418

Year-over-Year Comparison

	2023	2022	Change
Revenue	$214,534	$442,922	-0.5%
Expenses	$77,418	$57,146	+0.4%
Net Income	$137,116	$385,776	-0.6%

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
DANNY LOFF	Director	8.00	Director	$0	$0	$0
MARK BARNARD	Director	8.00	Director	$0	$0	$0
DANIEL ALANIZ	Director	8.00	Director	$0	$0	$0
VIRTUAL	Director	8.00	Director	$0	$0	$0
ALONSO BARRIENTES	Director	8.00	Director	$0	$0	$0
DAVID HANAWA	Director	8.00	Director	$0	$0	$0
JOSE LUIS MARTINEZ	Director	8.00	Director	$0	$0	$0
JACK LOFF	Director	8.00	Director	$0	$0	$0
ROBERT LERMA	Director	8.00	Director	$0	$0	$0
MARY JANE JACKSON	Director	8.00	Director	$0	$0	$0
DAVID VELA	Director	8.00	Director	$0	$0	$0
PATRICIA H GONZALEZ	Director	8.00	Director	$0	$0	$0
SAMMY HERRERA	Director	8.00	Director	$0	$0	$0
ROBERTO H SOLIS	Director	8.00	Director	$0	$0	$0
A ROY GONZALEZ	Director	8.00	Director	$0	$0	$0
ADRIAN GARCIA	Director	8.00	Director	$0	$0	$0
PONCHO GOMEZ	Director	8.00	Director	$0	$0	$0
DAVID MUSSO	Director	8.00	Director	$0	$0	$0
TOMMY BERMUDEZ	Secretary	8.00	Officer Director	$0	$0	$0
SANDRA HERRERA	Director	8.00	Director	$0	$0	$0
ROY DE LOS SANTOS JR	COO	8.00	Officer Director	$0	$0	$0
GABRIEL PENA	Director	8.00	Director	$0	$0	$0
JJ GONZALEZ	GM	8.00	Director	$0	$0	$0
SERGIO RODRIGUEZ	Director	8.00	Director	$0	$0	$0
OLGA GONZALEZ	Chairman/CEO	8.00	Officer Director	$0	$0	$0
NORMA GOMEZ	Director	8.00	Director	$0	$0	$0
DILLON VANDERFORD	Director	8.00	Director	$0	$0	$0
LETTY RODRIGUEZ	Director	8.00	Director	$0	$0	$0
EMILY MATHERS	Director	8.00	Director	$0	$0	$0
CONNIE HENSLEY	Director	8.00	Director	$0	$0	$0
ANIKA AVILES	CFO	8.00	Officer Director	$0	$0	$0
MARGARITO MALDONADO	HQ Ops.	8.00	Director	$0	$0	$0
LUPITA VERA	Director	8.00	Director	$0	$0	$0
NEAL MATHERS	Director	8.00	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
2024	$214,534	$77,418	$1,662,156	$137,116
2023	$442,922	$57,146	$1,519,490	$385,776
2022	$103,455	$68,949	$1,133,714	$34,506
2021	$6,935	$40,988	$1,099,210	$-34,053
2020	$238,235	$181,694	$1,132,981	$56,541
2019	$334,274	$156,383	$1,078,662	$177,891
2018	$333,991	$116,870	$920,760	$217,121

SOMBRERO FESTIVAL LTD