JEFFERSON COUNTY FESTIVAL CHARITIES (EIN 844385983) - 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

2020

Legal Domicile

Principal Officer

MICIAH BURNS

Phone

8652462745

Tax Period

2023-01-01 to 2023-12-31

JEFFERSON COUNTY FESTIVAL CHARITIES, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $219K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $270K exceeded revenue, resulting in a 23% operating deficit.

Mission

DEDICATED TO PROMOTING COMMUITY, FRIENDSHIP AND FELLOWSHIP THROUGHOUT JEFFERSON COUNTY, EAST TN AND GREATER APPALACHIA WHILE EDUCATING FESTIVAL PARTICIPANTS ABOUT THE SPORT OF HOT AIR BALLOONING, AND EDUCATING PARTICIPANTS ABOUT THE IMPORTANCE OF JEFFERSON CO. AGRICULTURE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $33,675

Program Service Revenue $185,456

Investment Income $0

Other Revenue $0

TOTAL REVENUE $219,131

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,001

Fundraising Expenses $0

Program Expenses $255,688

Other Expenses $214,180

TOTAL EXPENSES $270,181

Year-over-Year Comparison

	2023	2022	Change
Revenue	$219,131	$257,306	-0.1%
Expenses	$270,181	$216,091	+0.3%
Net Income	$-51,050	$41,215	-2.2%

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

Independent Members

Employees

Volunteers

300

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

$38,770

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JORDAN KEY	PAST DIRECTO	25.00	Director	$32,103	$0	$32,103
SARAH MILLS	PAST DIRECTO	25.00	Director	$6,667	$0	$6,667
MICIAH BURNS	PRESIDENT	2.00	Officer Director	$0	$0	$0
CASSANDRA CATLETT	TREASURER	1.00	Officer Director	$0	$0	$0
FRANK HERNDON	SECRETARY	1.00	Officer Director	$0	$0	$0
VIKI WEGGENMAN-HERNANDEZ	BOARD MEMBER	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
2023	$219,131	$270,181	$52,597	$-51,050
2022	$257,306	$216,091	$103,677	$41,215
2021	$209,550	$156,123	$69,592	$53,427

JEFFERSON COUNTY FESTIVAL CHARITIES