Rhodes Fest Concerts Foundation (EIN 812154409) - 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

2016

Legal Domicile

Principal Officer

Jeff Mckenzie

Phone

8052782680

Tax Period

2024-01-01 to 2024-12-31

Rhodes Fest Concerts Foundation, founded in 2016, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $1K in total revenue in fiscal year 2024. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $7K exceeded revenue, resulting in a 547% operating deficit.

Mission

Our concept is a concert film series to Eric Claptons Crossroads Guitar Festival. We follow this model to celebrate the iconic musical instrument, the Rhodes Piano, that has been played by keyboardists and artists synonymous with the Rhodes piano sound. In addition, our mission is to provide music education 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 (2024)

Revenue Breakdown

Contributions & Grants $1,150

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,150

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $50

Program Expenses $2,413

Other Expenses $7,441

TOTAL EXPENSES $7,441

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,150	$36,698	-1.0%
Expenses	$7,441	$34,490	-0.8%
Net Income	$-6,291	$2,208	-3.8%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeff Mckenzie	Director	10.00	Director	$0	$0	$0
Gerald McCauley	Director	20.00	Director	$0	$0	$0
Benjamin Bove	Secretary	15.00	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	$1,150	$7,441	$8,431	$-6,291
2023	$36,698	$34,490	$10,207	$2,208
2022	$11,300	$9,484	$10,681	$1,816
2021	$118,937	$114,451	$4,658	$4,486
2020	$163,217	$163,217	$172	No data
2019	$600	$600	$172	No data

Rhodes Fest Concerts Foundation