Famously Hot New Year (EIN 812513171) - 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

Barbara Rackes

Phone

8037303521

Tax Period

2020-07-01 to 2021-06-30

Famously Hot New Year, founded in 2016, is a small nonprofit that reported $215K in total revenue in fiscal year 2020. Revenue fell 48% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $44K, a strong 20% operating margin.

Mission

To host an unforgettable New Years Eve celebration that brings together diverse communities in and around Columbia, South Carolina (known as the Midlands) as well as visitors from around the nation and the world, in a peaceful, safe and unifying environment that creates goodwill, community pride, happiness and enjoyment for residents

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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 (2020)

Revenue Breakdown

Contributions & Grants $215,157

Program Service Revenue $0

Investment Income $2

Other Revenue $0

TOTAL REVENUE $215,159

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $162,268

Other Expenses $171,463

TOTAL EXPENSES $171,463

Year-over-Year Comparison

	2020	2019	Change
Revenue	$215,159	$415,238	-0.5%
Expenses	$171,463	$433,518	-0.6%
Net Income	$43,696	$-18,280	-3.4%

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
Samuel Johnson	President	1.00	Officer	$0	$0	$0
Debra Lloyd	Vice Pres	1.00	Officer	$0	$0	$0
Barbara Rackes	Secretary/Treasurer	1.00	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
2021	$215,159	$171,463	$52,618	$43,696
2020	$415,238	$433,518	$11,839	$-18,280
2019	$401,302	$390,664	$28,600	$10,638

Famously Hot New Year