FLORENCE WINE & FOOD FESTIVAL (EIN 832345525) - 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

2021

Legal Domicile

Principal Officer

TIM NORWOOD

Phone

8436151625

Tax Period

2024-07-01 to 2025-06-30

FLORENCE WINE & FOOD FESTIVAL, founded in 2021, is a small nonprofit in the Recreation & Sports sector that reported $115K in total revenue in fiscal year 2024. Revenue surged 119% from the prior year, signaling strong growth momentum. The organization ran a surplus of $56K, a strong 48% operating margin.

Mission

THE MISSION OF THE FLORENCE WINE AND FOOD FESTIVAL IS TO CELEBRATE AND PROMOTE CULTURE AND COMMUNITY THROUGH THE EXPERIENCE OF FOOD, BEVERAGE, AND HOSPITALITY, WITH A COMMITMENT TO REDUCING JUVENILE HUNGER AND FOOD INSECURITY IN THE PEE DEE REGION.

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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 $115,341

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $115,341

Expense Breakdown

Grants Paid $17,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $18,086

Other Expenses $41,942

TOTAL EXPENSES $59,442

Year-over-Year Comparison

	2024	2023	Change
Revenue	$115,341	$52,675	+1.2%
Expenses	$59,442	$61,643	0.0%
Net Income	$55,899	$-8,968	-7.2%

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

N/A

Independent Members

N/A

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
TIM NORWOOD	CO-CHAIRMAN	10.00	Officer Director	$0	$0	$0
FRANK CHISOLM	CO-CHARIRMAN	10.00	Officer Director	$0	$0	$0
PAULA EFIRD	SECRETARY	5.00	Officer Director	$0	$0	$0
JILL LEWIS	TREASURER	5.00	Officer Director	$0	$0	$0
BRIAN FALCONE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIANNE HOYLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS KENNEDY	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEX HOGSETTE	BOARD MEMBER	1.00	Director	$0	$0	$0
HOLLY BEAUMIER	BOARD MEMBER	1.00	Director	$0	$0	$0
COOPER THOMAS	BOARD MEMBER	1.00	Director	$0	$0	$0
TAMARA KIRVEN	EXECUTIVE DIRECTOR	10.00	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	$115,341	$59,442	$66,402	$55,899
2024	$52,675	$61,643	$120,711	$-8,968
2023	$51,935	$51,597	$39,471	$338

FLORENCE WINE & FOOD FESTIVAL