KERRVILLE FOLK FESTIVAL FOUNDATION

EIN: 742938648 501(c)(3) Arts, Culture & Humanities

KERRVILLE, TX

Total Revenue
$1,440,842
Total Expenses
$1,050,192
Total Assets
$2,007,837
Net Assets
$1,899,636
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
TX
Principal Officer
VAL STINSON
Phone
8302573600
Tax Period
2024-10-01 to 2025-09-30

KERRVILLE FOLK FESTIVAL FOUNDATION, founded in 2000, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $391K, a strong 27% operating margin.

Mission

TO PROMOTE PUBLIC APPRECIATION AND SUPPORT FOR SONGWRITERS, THE SONGWRITING CRAFT, AND FOLK MUSIC BY CREATING A COMMUNITY WHERE SONGCRAFT IS SUPPORTED AND FOLK MUSIC IS ENJOYED BY PEOPLE OF ALL AGES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $658,149
Program Service Revenue $562,163
Investment Income $30,987
Other Revenue $189,543
TOTAL REVENUE $1,440,842

Expense Breakdown

Grants Paid $0
Salaries & Benefits $186,217
Fundraising Expenses $3,072
Program Expenses $972,121
Other Expenses $863,975
TOTAL EXPENSES $1,050,192

Year-over-Year Comparison

2024 2023 Change
Revenue $1,440,842 $1,162,285 +0.2%
Expenses $1,050,192 $1,066,247 0.0%
Net Income $390,650 $96,038 +3.1%
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

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Governance

Voting Members
10
Independent Members
10
Employees
4
Volunteers
750

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
4
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VAL STINSON PRESIDENT 5.00
Officer
$0 $0 $0
SAMI BURK VICE PRESIDE 5.00
Officer
$0 $0 $0
DAVID OBERMANN TREASURER 5.00
Officer
$0 $0 $0
J FRANK WEBSTER SECRETARY 5.00
Officer
$0 $0 $0
HILARY ADAMSON BOARD MEMBER 5.00
Director
$0 $0 $0
TEEL STAR FLEMING BOARD MEMBER 5.00
Director
$0 $0 $0
VALERIE LEIBERMAN BOARD MEMBER 5.00
Director
$0 $0 $0
DAVE WILMOTH BOARD MEMBER 5.00
Director
$0 $0 $0
KATE PREJEAN BOARD MEMBER 5.00
Director
$0 $0 $0
JOVITA ROY BOARD MEMEBE 5.00
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
2025 $1,440,842 $1,050,192 $2,007,837 $390,650
2024 $1,162,285 $1,066,247 $1,658,993 $96,038
2023 $1,118,109 $1,196,318 $1,664,996 $-78,209
2022 $1,646,197 $1,197,596 $1,558,540 $448,601
2021 $701,907 $487,011 $1,351,248 $214,896
2020 $496,803 $398,805 $970,485 $97,998
2019 $885,698 $850,633 $855,595 $35,065
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