NEDERLAND HERITAGE FESTIVAL FOUNDAT (EIN 760191887) - 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

1986

Legal Domicile

Principal Officer

MIKE LAIRD

Phone

4097242269

Tax Period

2024-09-01 to 2025-08-31

NEDERLAND HERITAGE FESTIVAL FOUNDAT, founded in 1986, is a small nonprofit in the Arts, Culture & Humanities sector that reported $474K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $81K, a strong 17% operating margin.

Mission

TO HOST ANNUAL FESTIVAL WHERE OVER 100,000 ATTEND. PROCEEDS FROM FESTIVAL ARE USED TO FUND NON-PROFIT ORGANIZATIONS THAT BENEFIT THE MAJORITY OF THE CITIZENS OF NEDERLAND.

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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 $34,722

Program Service Revenue $421,962

Investment Income $17,245

Other Revenue $0

TOTAL REVENUE $473,929

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,219

Fundraising Expenses $0

Program Expenses $231,257

Other Expenses $342,498

TOTAL EXPENSES $392,717

Year-over-Year Comparison

	2024	2023	Change
Revenue	$473,929	$424,271	+0.1%
Expenses	$392,717	$375,155	+0.0%
Net Income	$81,212	$49,116	+0.7%

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

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
MIKE LAIRD	PRESIDENT	N/A	Officer Director	$0	$0	$0
WENDELL MEAUX	TREASURER	N/A	Officer Director	$0	$0	$0
DARRELL BUSH	SECRETARY	N/A	Officer Director	$0	$0	$0
KASEY TAYLOR	DIRECTOR	N/A	Director	$0	$0	$0
MITCH MACON	DIRECTOR	N/A	Director	$0	$0	$0
ARNESE MARCHAND	DIRECTOR	N/A	Director	$0	$0	$0
ANGELA BEARD	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT CLEMMONS	DIRECTOR	N/A	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	$473,929	$392,717	$894,326	$81,212
2024	$424,271	$375,155	$810,709	$49,116
2023	$426,624	$367,175	$760,625	$59,449
2022	$441,043	$327,046	$701,189	$113,997
2021	$49,686	$133,308	$587,151	$-83,622
2020	$363,028	$370,273	$672,073	$-7,245
2019	$384,896	$327,376	$680,630	$57,520
2018	$363,412	$342,735	$631,163	$20,677

NEDERLAND HERITAGE FESTIVAL FOUNDAT