HIGHLANDS FESTIVAL INC (EIN 824627519) - 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

2018

Legal Domicile

Principal Officer

DAVID C BOCK

Tax Period

2024-01-01 to 2024-12-31

HIGHLANDS FESTIVAL INC, founded in 2018, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.9M in total revenue in fiscal year 2024.

Mission

OUR MISSION IS TO PRODUCE FESTIVALS AND EVENTS THAT SHOWCASES,INSPIRES AND SUPPORTS WESTERN NORTH CAROLINA'S RICH CULINARY, VISUAL AND PERFORMING ARTS COMMUNITY AND TO CONTRIBUTE FINANCALLY TO ORGANIZATIONS OR PERSONS THAT DIRECTLY BENEFIT OUR LOCAL INITIATIVES AND STRENGTHEN OUR LOCAL COMMUNITY.

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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 $1,929,668

Program Service Revenue $0

Investment Income $0

Other Revenue $3,327

TOTAL REVENUE $1,932,995

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,911,945

Other Expenses $1,911,945

TOTAL EXPENSES $1,911,945

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,932,995	$1,807,780	+0.1%
Expenses	$1,911,945	$1,980,466	0.0%
Net Income	$21,050	$-172,686	-1.1%

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
JACK AUSTIN	SECRETARY	2.00	Officer	$0	$0	$0
DAVID C BOCK	PRISIDENT	2.00	Officer	$0	$0	$0
THOMAS CRAIG	TREASURER	2.00	Officer	$0	$0	$0
STEVE MEHDER	VICE-PRESIDE	2.00	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	$1,932,995	$1,911,945	$140,977	$21,050
2023	$1,807,780	$1,980,466	$151,162	$-172,686
2022	$2,079,153	$2,087,245	$291,471	$-8,092
2021	$1,750,969	$1,268,726	$326,105	$482,243
2020	No data	$274,539	$90,254	No data
2019	$624,812	$619,833	$76,436	$4,979
2019	$650,685	$645,706	$76,436	$4,979
2018	$608,166	$536,709	$71,457	$71,457

HIGHLANDS FESTIVAL INC