MAYFEST INC (DBA TRINITY COLLABORA… - 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

1987

Legal Domicile

Principal Officer

IRIS BRUTON

Phone

8173321055

Tax Period

2024-08-01 to 2025-07-31

MAYFEST INC (DBA TRINITY COLLABORATIVE INC), founded in 1987, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $1.7M left a modest 3% surplus.

Mission

THE PURPOSE FOR WHICH THE CORPORATION HAS BEEN FORMED IS TO CONNECT PEOPLE FOR A BETTER RIVER, BETTER PARKS, AND A BETTER COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $1,448,009 Revenue: $1,608,169

MAYFEST PRODUCES A FOUR-DAY OUTDOOR COMMUNITY FESTIVAL, WHICH WILL CELEBRATE ITS 55TH YEAR IN 2027, AS WELL AS OTHER EVENTS THROUGHOUT THE YEAR. THE FESTIVAL CELEBRATES THE ARTS, THE ENVIRONMENT...

MAYFEST PRODUCES A FOUR-DAY OUTDOOR COMMUNITY FESTIVAL, WHICH WILL CELEBRATE ITS 55TH YEAR IN 2027, AS WELL AS OTHER EVENTS THROUGHOUT THE YEAR. THE FESTIVAL CELEBRATES THE ARTS, THE ENVIRONMENT, CULTURAL DIVERSITY, EDUCATION AND FOCUSES EFFORTS TO CONNECT PEOPLE WITH THE PARKS, THE RIVER, AND EACH OTHER. IT PROVIDES SUPPORT TO THE CITY OF FORT WORTH PARKS & COMMUNITY SERVICES BY LEADING THE WAY WITH PARK IMPROVEMENTS THAT CAN BE ENJOYED BY ALL, AS WELL AS ADDRESSING INFRASTRUCTURE NEEDS; STREAMS & VALLEY, INC. BY SUPPORTING EFFORTS THAT BRING THE COMMUNITY TOGETHER TO CONNECT WITH NATURE, TRAIL DEVELOPMENT THAT ALLOWS USERS A SAFE PLACE TO EXERCISE AND ENJOY A BETTER QUALITY OF LIFE, AND OTHER IMPACTFUL IMPROVEMENTS ALONG THE TRINITY RIVER; AND THE JUNIOR LEAGUE OF FORT WORTH, INC. BY ENSURING PROGRAMS THAT EDUCATE A DIVERSE GROUP OF CHILDREN AND YOUTH ON HEALTHY CHOICES, PHYSICAL ACTIVITY, EDUCATIONAL SUPPORT, EXPOSURE TO THE ARTS AND CULTURAL AWARENESS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $115,007

Program Service Revenue $1,608,169

Investment Income $2,422

Other Revenue $-476

TOTAL REVENUE $1,725,122

Expense Breakdown

Grants Paid $0

Salaries & Benefits $152,448

Fundraising Expenses $9,893

Program Expenses $1,448,009

Other Expenses $1,513,924

TOTAL EXPENSES $1,666,372

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,725,122	$1,493,619	+0.2%
Expenses	$1,666,372	$1,635,873	+0.0%
Net Income	$58,750	$-142,254	-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

350

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

$75,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERI MCGUILL	PRESIDENT	1.00	Officer Director	$0	$0	$0
JARED FULLER	DIRECTOR	1.00	Director	$0	$0	$0
KATIE BRIGGS	DIRECTOR	1.00	Director	$0	$0	$0
DARRELL BEASON	DIRECTOR	1.00	Director	$0	$0	$0
KAT HOPKINS	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER HARNISH	DIRECTOR	1.00	Director	$0	$0	$0
CAROLANN MURTAUGH	DIRECTOR	1.00	Director	$0	$0	$0
SARAH WASHINGTON	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD ZAVALA	DIRECTOR	1.00	Director	$0	$0	$0
KY STEPHENS	DIRECTOR	1.00	Director	$0	$0	$0
SHAY GIPSON	DIRECTOR	1.00	Director	$0	$0	$0
ADAM ACKERMANN	DIRECTOR	1.00	Director	$0	$0	$0
JANET BUBERT	DIRECTOR	1.00	Director	$0	$0	$0
WALKER TURNEY	DIRECTOR	1.00	Director	$0	$0	$0
IRIS BRUTON	EXECUTIVE DIRECTOR	35.00	Officer	$75,000	$0	$75,000

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	$1,725,122	$1,666,372	$567,453	$58,750
2024	$1,493,619	$1,635,873	$448,931	$-142,254
2023	$1,445,676	$1,667,024	$673,700	$-221,348
2022	$1,777,166	$1,542,107	$677,202	$235,059
2021	$260,321	$313,449	$468,986	$-53,128
2020	$271,227	$456,367	$400,760	$-185,140
2019	$1,377,598	$1,300,441	$565,667	$77,157

MAYFEST INC (DBA TRINITY COLLABORATIVE INC)