FIRST NIGHT MONTEREY

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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

1993

Legal Domicile

Principal Officer

ELLEN MARTIN

Phone

8313734778

Tax Period

2023-07-01 to 2024-06-30

FIRST NIGHT MONTEREY, founded in 1993, is a small nonprofit in the Arts, Culture & Humanities sector that reported $309K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year.

Mission

TO REVEAL AND CELEBRATE DIVERSITY THROUGH THE FIRST NIGHT MONTEREY CELEBRATION AND THE FIRST NIGHT ARTWORKS PROGRAM, USING ART AS A CATALYST TO UNIFY THE COMMUNITY THROUGH CREATIVITY, IMAGINATION AND PARTICIPATION.

Program Service Accomplishments

Program 1

Expenses: $243,331

OUTREACH PROGRAMS CONDUCTED BY LOCAL ARTISTS, SUCH PROGRAMS SERVE TEENS AT RISK, SENIORS AND THE DEVELOPMENTALLY DISABLED.

Program 2

NEW YEAR'S EVE CELEBRATION FOR INDIVIDUALS VISITING AND RESIDING IN MONTEREY COUNTY

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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 $107,667

Program Service Revenue $201,638

Investment Income $0

Other Revenue $0

TOTAL REVENUE $309,305

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,919

Fundraising Expenses $0

Program Expenses $243,331

Other Expenses $262,398

TOTAL EXPENSES $303,317

Year-over-Year Comparison

	2023	2022	Change
Revenue	$309,305	$361,207	-0.1%
Expenses	$303,317	$358,443	-0.2%
Net Income	$5,988	$2,764	+1.2%

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

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

$40,919

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELLEN MARTIN	EXECUTIVE DI	2.00	Director	$40,919	$0	$40,919
SUSAN BRITTON	PRESIDENT	2.00	Officer Director	$0	$0	$0
DR MICHAEL CLARK	DIRECTOR	2.00	Director	$0	$0	$0
SHERRY FARSON	TREASURER	2.00	Director	$0	$0	$0
MICHAEL HOUSTON	SECRETARY	2.00	Director	$0	$0	$0
ALBERT MAGADENA	DIRECTOR	2.00	Director	$0	$0	$0
NINA PARRIS	DIRECTOR	2.00	Director	$0	$0	$0
MARILYN ZUTTERLAND	DIRECTOR	2.00	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	$309,305	$303,317	$26,324	$5,988
2023	$361,207	$358,443	$20,336	$2,764
2020	$257,220	$267,602	$741	$-10,382
2019	$246,365	$254,081	$23,085	$-7,716
2018	$275,550	$299,107	$33,160	$-23,557