THE SANTA BARBARA MARIACHI FESTIVAL (EIN 770472982) - 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

1997

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

THE SANTA BARBARA MARIACHI FESTIVAL, founded in 1997, is a small nonprofit in the Arts, Culture & Humanities sector that reported $397K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring.

Mission

THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO ORGANIZE AND PRESENT CULTURAL AND MUSICAL EVENTS AND USE THE PROCEEDS TO FUND EDUCATIONAL PROGRAMS AND SCHOLARSHIPS

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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 $77,450

Program Service Revenue $316,650

Investment Income $0

Other Revenue $2,957

TOTAL REVENUE $397,057

Expense Breakdown

Grants Paid $39,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $365,633

Other Expenses $353,230

TOTAL EXPENSES $392,230

Year-over-Year Comparison

	2023	2022	Change
Revenue	$397,057	$513,186	-0.2%
Expenses	$392,230	$396,706	0.0%
Net Income	$4,827	$116,480	-1.0%

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

N/A

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
CASIE KILGORE	BOARD MEMBER	2.00	Director	$0	$0	$0
PERLA NAVARRO LEWIS	BOARD MEMBER	4.00	Director	$0	$0	$0
MARCO MENCHACA	BOARD MEMBER	4.00	Director	$0	$0	$0
JOANNA CONTRERAS	BOARD MEMBER	4.00	Director	$0	$0	$0
ELIZABETH RUIZ	BOARD MEMBER	5.00	Director	$0	$0	$0
MIGUEL MARTINEZ	BOARD MEMBER	6.00	Director	$0	$0	$0
MIGUEL AVILA	PRESIDENT	10.00	Officer Director	$0	$0	$0
ERIKA ALDAZ	TREASURER	6.00	Officer Director	$0	$0	$0
TERE JURADO	SECRETARY	6.00	Officer Director	$0	$0	$0
CARLOS PACHECO	VICE PRESIDENT	6.00	Officer 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	$397,057	$392,230	$251,461	$4,827
2022	$513,186	$396,706	$246,634	$116,480
2021	$84,607	$134,285	$130,154	$-49,678
2020	$23,020	$64,636	$179,832	$-41,616
2019	$513,775	$358,796	$221,448	$154,979
2018	$315,722	$314,769	$66,469	$953

THE SANTA BARBARA MARIACHI FESTIVAL