BABES 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

2017

Legal Domicile

Principal Officer

JANE HERVEY

Tax Period

2023-01-01 to 2023-12-31

BABES FEST INC, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $343K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE GENDER EQUITY IN CREATIVE COMMUNITIES IN TEXAS THROUGH FESTIVALS, MARKETS, EXHIBITIONS, WORKSHOPS AND ARTISTIC PROGRAMMING.

Program Service Accomplishments

Program 1

Expenses: $123,991 Revenue: $188,715

WE PROVIDED MANY EDUCATIONAL OPPORTUNITIES TO THE COMMUNITY THROUGH OUR PUBLIC WORKSHOPS, EDUCATIONAL SERIES & CONFERENCES WHICH EXPLORED CREATIVITY, COMMUNITY BUILDING AND RESILIENCE. WE PROVIDED...

WE PROVIDED MANY EDUCATIONAL OPPORTUNITIES TO THE COMMUNITY THROUGH OUR PUBLIC WORKSHOPS, EDUCATIONAL SERIES & CONFERENCES WHICH EXPLORED CREATIVITY, COMMUNITY BUILDING AND RESILIENCE. WE PROVIDED THE COMMUNITY ACCESS TO OUR BLOG, A LIVING COLLECTION OF FREE RESOURCE GUIDES & INTERVIEWS.IN 2023, WE BROUGHT THE FUTURE FRONT HOUSE - A 2500 SQ. FT. COMMUNITY SPACE AT 1900 12TH ST IN HISTORIC DOWNTOWN EAST AUSTIN - TO LIFE. SINCE WEVE OPENED OUR DOORS, THE HOUSE HAS BEEN HOME TO 50 FREE CREATIVE COMMUNITY GATHERINGS, LIKE CERAMIC WORKSHOPS AND FIGURE DRAWING CLUBS.IN 2023, 88 VOLUNTEERS, BOARD MEMBERS, COMMUNITY CURATORS AND COLLABORATORS JOINED US THROUGHOUT THE YEAR TO CONTRIBUTE 850+ HOURS OF SUPPORT TO THE COMMUNITY.(CONTINUED ON SCHEDULE O)

Program 2

Expenses: $107,555 Revenue: $107,555

IN 2023, ACROSS THE FRONT MARKETS SPRING AND FALL SEASONS, WE EXHIBITED 403 INDEPENDENT CREATIVES, DESIGNERS, MAKERS, ARTISTS, SMALL BUSINESS OWNERS AND CHEFS FROM TEXAS. THE PROGRAMS TWO SEASONS OF EXHIBITION WELCOMED MORE THAN 10,000 PUBLIC VISITORS. THE ESTIMATED ECONOMIC IMPACT OF THE PROGRAM SURPASSED $250,000.

Program 3

Expenses: $38,083 Revenue: $38,083

THROUGH OUR FESTIVAL, THE FRONT FESTIVAL, WE PROVIDE $10,000+ IN PEFORMANCE AND COMMISSION OPPORTUNITIES TO ARTISTS, WHILE CONNECTING THEM TO NEW FANS AND COMMUNITY MEMBERS. IN 2023, THE FRONT...

THROUGH OUR FESTIVAL, THE FRONT FESTIVAL, WE PROVIDE $10,000+ IN PEFORMANCE AND COMMISSION OPPORTUNITIES TO ARTISTS, WHILE CONNECTING THEM TO NEW FANS AND COMMUNITY MEMBERS. IN 2023, THE FRONT FESTIVAL HAD A RECORD-BREAKING YEAR, WITH 1,600 ATTENDEES SUPPORTING 33 WOMEN AND LGBTQ+ ARTISTS ACROSS FOUR DAYS OF INDEPENDENT MUSIC, FILM AND ART.

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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 $243,339

Program Service Revenue $99,450

Investment Income $0

Other Revenue $236

TOTAL REVENUE $343,025

Expense Breakdown

Grants Paid $12,823

Salaries & Benefits $119,709

Fundraising Expenses $13,748

Program Expenses $278,302

Other Expenses $217,102

TOTAL EXPENSES $349,634

Year-over-Year Comparison

	2023	2022	Change
Revenue	$343,025	$310,200	+0.1%
Expenses	$349,634	$346,300	+0.0%
Net Income	$-6,609	$-36,100	-0.8%

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

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

$60,600

Total Directors

$3,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANE HERVEY	FOUNDING EXECUTIVE DIRECTOR	45.00	Officer	$52,939	$4,661	$57,600
XOCHI SOLIS	BOARD PRESIDENT	5.00	Officer Director	$3,000	$0	$3,000
LESLIE FENDER	TREASURER	1.00	Officer Director	$0	$0	$0
HALI MARTIN	VICE PRESIDENT OF COMMUNICATI	2.00	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	$343,025	$349,634	$19,543	$-6,609
2022	$310,200	$346,300	$27,448	$-36,100
2021	$340,992	$303,169	$65,452	$37,823
2020	$208,968	$222,487	$32,321	$-13,519
2019	$217,046	$208,416	$20,694	$8,630