FESTIVAL OF TEXAS FIDDLING

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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

Daniel Margolies

Phone

2102290669

Tax Period

2024-01-01 to 2024-12-31

FESTIVAL OF TEXAS FIDDLING, founded in 2017, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $61K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $58K left a modest 5% surplus.

Mission

The Festival of Texas Fiddling is dedicated to the preservation, presentation, and performance, and education about of all styles of fiddling and fiddle associated music played historically and currently in the State of Texas.

Program Service Accomplishments

Program 1

Expenses: $51,506 Revenue: $21,223

Our program service accomplishment for 2024 was our annual fiddle festival. The Festival of Texas Fiddling is a celebration of the unique styles and traditions of fiddling across the state. The...

Our program service accomplishment for 2024 was our annual fiddle festival. The Festival of Texas Fiddling is a celebration of the unique styles and traditions of fiddling across the state. The Festival is dedicated to preserving and celebrating the range and uniqueness of Texas fiddling, from well-known fiddle styles to cherished regional traditions such as old time, western swing, country, Texas-Mexican fiddling, Gulf Coast and Creole fiddling, and Texas-Polish fiddling. The festival explores connections between Texas fiddling traditions and those of other states and countries.

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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 $39,200

Program Service Revenue $21,223

Investment Income $1,038

Other Revenue $0

TOTAL REVENUE $61,461

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $51,506

Other Expenses $58,469

TOTAL EXPENSES $58,469

Year-over-Year Comparison

	2024	2023	Change
Revenue	$61,461	$45,716	+0.3%
Expenses	$58,469	$54,649	+0.1%
Net Income	$2,992	$-8,933	-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

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
Daniel Margolies	President	15.00	Officer	$0	$0	$0
Patrick Sparks	Secretary/Treasurer	8.00	Officer	$0	$0	$0
Derek Larimer	Director	1.00	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	$61,461	$58,469	$46,484	$2,992