FESTIVALS FOR GOOD CORPORATION (EIN 821436095) - 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

2017

Legal Domicile

Principal Officer

CLEVELAND SPEARS

Phone

5043048198

Tax Period

2024-01-01 to 2024-12-31

FESTIVALS FOR GOOD CORPORATION, founded in 2017, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.0M in total revenue in fiscal year 2024. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $1.9M left a modest 4% surplus.

Mission

FESTIVALS FOR GOOD CORP IS A NON-PROFIT CORPORATION THAT CREATES EXPERIENCES WITH UNIVERSAL APPEAL TO ALL PEOPLE, & AS A PLATFORM TO SHOW THAT MORE UNITES US THAN DIVIDES US.PROCEEDS FROM FESTIVALS FOR GOOD PRODUCTIONS WILL BE DONATED TO CHARITIES THAT PROVIDE A COMMUNITY BENEFIT

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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 $1,960,722

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,960,722

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,885,861

Other Expenses $1,880,861

TOTAL EXPENSES $1,885,861

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,960,722	$3,752,404	-0.5%
Expenses	$1,885,861	$4,043,513	-0.5%
Net Income	$74,861	$-291,109	-1.3%

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
CLEVELAND SPEARS	PRESIDENT	15.00	Officer Director	$0	$0	$0
JADE BROWN-RUSSELL	VICE CHAIR	0.00	Officer	$0	$0	$0
RONALD EVANGELISTA	TREASURER	0.00	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	$1,960,722	$1,885,861	No data	$74,861
2023	$3,752,404	$4,043,513	$39,625	$-291,109
2022	$4,161,275	$4,351,976	$235,351	$-190,701
2021	$61,000	$20,162	$43,119	$40,838
2020	No data	$31,191	$1,201	No data
2019	$818,114	$823,712	$73,240	$-5,598
2018	$692,173	$692,019	$26,857	$154
2017	$317,236	$304,160	$13,076	$13,076

FESTIVALS FOR GOOD CORPORATION