BALLOONS OVER VERMILION NFP (EIN 810815555) - 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

2015

Legal Domicile

Phone

2174745631

Tax Period

2023-01-01 to 2023-12-31

BALLOONS OVER VERMILION NFP, founded in 2015, is a small nonprofit in the Recreation & Sports sector that reported $414K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

TO OPERATE FESTIVALS FOR THE BENEFIT OF THE RESIDENTS OF VERMILION COUNTY THAT WILL RAISE FUNDS TO BENEFIT OTHER ORGANIZATIONS THROUGH DISTRIBUTIONS

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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 $248,571

Program Service Revenue $142,914

Investment Income $1,297

Other Revenue $21,209

TOTAL REVENUE $413,991

Expense Breakdown

Grants Paid $136,200

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $392,264

Other Expenses $275,078

TOTAL EXPENSES $411,278

Year-over-Year Comparison

	2023	2022	Change
Revenue	$413,991	$453,211	-0.1%
Expenses	$411,278	$471,629	-0.1%
Net Income	$2,713	$-18,418	-1.1%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

500

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
DOUG AHRENS	BOARD MEMBER	N/A	Director	$0	$0	$0
RAY GARCIA	BOARD MEMBER	N/A	Director	$0	$0	$0
LARRY OWEN	BOARD MEMBER	N/A	Director	$0	$0	$0
JACLYN VINSON	BOARD MEMBER	N/A	Director	$0	$0	$0
JIM ANDERSON	VICE PRESIDE	8.00	Officer	$0	$0	$0
DEAN CARLTON	SECRETARY	N/A	Officer	$0	$0	$0
PAT O'SHAUGHNESSY	PRESIDENT	12.00	Officer	$0	$0	$0
PAT OWENS	TREASURER	8.00	Officer	$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	$413,991	$411,278	$438,972	$2,713
2022	$453,211	$471,629	$519,034	$-18,418
2021	$420,303	$388,331	$496,140	$31,972
2019	$227,940	$176,372	$306,779	$51,568
2018	$231,081	$183,164	$255,211	$47,917

BALLOONS OVER VERMILION NFP