Hillfest Events (EIN 823698787) - 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

Phone

6036201030

Tax Period

2024-01-01 to 2024-12-31

Hillfest Events, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $455K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $549K exceeded revenue, resulting in a 21% operating deficit.

Mission

Provide religious themed artists and events for the benefit of the local community at a free or reduced cost.

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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 $86,365

Program Service Revenue $368,616

Investment Income $0

Other Revenue $0

TOTAL REVENUE $454,981

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $29,293

Program Expenses $438,261

Other Expenses $548,871

TOTAL EXPENSES $548,871

Year-over-Year Comparison

	2024	2023	Change
Revenue	$454,981	$488,826	-0.1%
Expenses	$548,871	$429,955	+0.3%
Net Income	$-93,890	$58,871	-2.6%

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

200

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
Maureen Chamberlain	Secretary	2.00	Director	$0	$0	$0
Meghan Seppala	Director	2.00	Director	$0	$0	$0
Chad R Gibson	President	4.00	Officer	$0	$0	$0
Doug Seppala	Vice President	2.00	Officer	$0	$0	$0
Heidi Somero	Treasurer	3.00	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
2025	No data	No data	No data	No data
2024	$454,981	$548,871	$168,662	$-93,890
2023	$488,826	$429,955	$262,552	$58,871
2022	$327,737	$286,806	$203,681	$40,931
2021	$270,615	$179,909	$162,750	$90,706

Hillfest Events