BAMS FEST INC

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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

CATHERINE MORRIS

Phone

8572079319

Tax Period

2024-01-01 to 2024-12-31

BAMS FEST INC, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $690K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $801K exceeded revenue, resulting in a 16% operating deficit.

Mission

OUR NBSP;MISSION NBSP;IS NBSP;TO NBSP;PROVIDE NBSP;A NBSP;HIGH NBSP;QUALITY NBSP;VALUE NBSP;BASED NBSP;ANNUAL NBSP;ARTS NBSP;AND NBSP;COMMUNITY NBSP;FESTIVAL NBSP;WHICH NBSP;STRIVES NBSP;TO NBSP;BREAK NBSP;DOWN NBSP;RACIAL NBSP;AND NBSP;SOCIAL NBSP;BARRIERS NBSP;TO NBSP;ARTS NBSP;AND NBSP;CULTURE NBSP;EQUITY

Program Service Accomplishments

Program 1

Expenses: $645,706

BAMS FEST - BAMS FEST IS A CULTURAL MOVEMENT LED BY GREATER BOSTON BLACK AND BROWN ARTISTS CULTURE MAKERS AND CREATIVE ENTREPRENEURS WHO ARE ON THE FRONT LINES OF RACIAL EQUITY SPATIAL JUSTICE AND...

BAMS FEST - BAMS FEST IS A CULTURAL MOVEMENT LED BY GREATER BOSTON BLACK AND BROWN ARTISTS CULTURE MAKERS AND CREATIVE ENTREPRENEURS WHO ARE ON THE FRONT LINES OF RACIAL EQUITY SPATIAL JUSTICE AND ECONOMIC EMPOWERMENT.

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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 $689,799

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $689,799

Expense Breakdown

Grants Paid $0

Salaries & Benefits $415,433

Fundraising Expenses $41,363

Program Expenses $645,706

Other Expenses $385,817

TOTAL EXPENSES $801,250

Year-over-Year Comparison

	2024	2023	Change
Revenue	$689,799	$875,184	-0.2%
Expenses	$801,250	$959,580	-0.2%
Net Income	$-111,451	$-84,396	+0.3%

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
GREGORY BALL	DIRECTOR	005.00	Director	$0	$0	$0
CATHERINE T MORRIS	EXECUTIVE DIRECTOR	008.00	Director	$0	$0	$0
ANDREW COOMBS	TREASURER	N/A	Director	$0	$0	$0
AUSTYN ELLESE MAYFIELD	BOARD CHAIRWOMAN	005.00	Director	$0	$0	$0
CHARDLINE CHANEL-FAITEAU	BOARD MEMBER	N/A	Director	$0	$0	$0
JAE HOLLAND	BOARD MEMBER	N/A	Director	$0	$0	$0
NIGEL SIMON	BOARD MEMBER	N/A	Director	$0	$0	$0
JEFFREY FORBES	BOARD MEMBER	N/A	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	$689,799	$801,250	$194,693	$-111,451
2023	$875,184	$959,580	$306,144	$-84,396
2022	$598,386	$796,971	$172,540	$-198,585
2021	$333,147	$319,035	$303,126	$14,112
2020	$368,116	$87,360	$289,165	$280,756
2019	$201,149	$204,154	$5,634	$-3,005