Old Settler's Music Festival Inc (EIN 742818121) - 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

1988

Legal Domicile

Principal Officer

Betsy Boone

Phone

5125876049

Tax Period

2023-01-01 to 2023-12-31

Old Settler's Music Festival Inc, founded in 1988, is a small nonprofit in the Arts, Culture & Humanities sector that reported $483K in total revenue in fiscal year 2023. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $781K exceeded revenue, resulting in a 61% operating deficit.

Mission

Roots Music Festival - To produce a cultural music event that preserves and fosters traditional American roots music

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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 $459,893

Investment Income $0

Other Revenue $23,596

TOTAL REVENUE $483,489

Expense Breakdown

Grants Paid $0

Salaries & Benefits $65,170

Fundraising Expenses $0

Program Expenses $779,424

Other Expenses $715,454

TOTAL EXPENSES $780,624

Year-over-Year Comparison

	2023	2022	Change
Revenue	$483,489	$1,475,792	-0.7%
Expenses	$780,624	$753,277	+0.0%
Net Income	$-297,135	$722,515	-1.4%

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

Volunteers

260

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
Betsy Boone	President	7.00	Officer Director	$0	$0	$0
Amy Bramwell	Vice President	7.00	Officer Director	$0	$0	$0
Suzanne Bradford	Treasurer	7.00	Officer Director	$0	$0	$0
Kevin Vaughn	Secretary	7.00	Director	$0	$0	$0
Michael Martin	Director	7.00	Director	$0	$0	$0
Paul Daugeraeu	Director	7.00	Director	$0	$0	$0
Tysha Calhoun	Director	7.00	Director	$0	$0	$0
Andrew Coate	Director	7.00	Director	$0	$0	$0
Scott Collard	Director	7.00	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	No data	No data	No data	No data
2023	$483,489	$780,624	$952,992	$-297,135
2022	$1,475,792	$753,277	$1,144,339	$722,515
2021	$316,340	$779,466	$1,428,673	$-463,126
2020	$337,958	$387,894	$1,179,736	$-49,936
2019	$1,229,530	$1,409,305	$1,073,916	$-179,775
2018	$858,062	$1,151,860	$1,191,321	$-293,798

Old Settler's Music Festival Inc