FUSIONFEST INC (EIN 852245857) - 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

MARIA FERNANDA SAAVEDRA

Tax Period

2023-01-01 to 2023-12-31

FUSIONFEST INC, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $449K in total revenue in fiscal year 2023. Expenses of $537K exceeded revenue, resulting in a 20% operating deficit.

Mission

FUSIONFEST INC. IS A 501(C)3 NONPROFIT ORGANIZATION WITH THE MISSION OF CELEBRATING THE PEOPLE AND THE MANY DIFFERENT CULTURES THAT MAKE CENTRAL FLORIDA AWESOME BY SHOWCASING TALENTS, SHARING STORIES, COLLABORATING, EDUCATING AND BREAKING DOWN BARRIERS OF FEARS AND DIVISION.

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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 $388,124

Program Service Revenue $61,179

Investment Income $153

Other Revenue $0

TOTAL REVENUE $449,456

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,397

Fundraising Expenses $22,830

Program Expenses $375,719

Other Expenses $485,435

TOTAL EXPENSES $537,132

Year-over-Year Comparison

	2023	2022	Change
Revenue	$449,456	$452,463	0.0%
Expenses	$537,132	$353,211	+0.5%
Net Income	$-87,676	$99,252	-1.9%

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

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
BOB ALLEN	VICE PRESIDE	N/A	Director	$0	$0	$0
SAFAA BARAKAT	DIRECTOR	N/A	Director	$0	$0	$0
YVES BOUELE	DIRECTOR	N/A	Director	$0	$0	$0
KYMBAT IGLIKOVA	DIRECTOR	N/A	Director	$0	$0	$0
MAI-HUONG NGUYEN	DIRECTOR	N/A	Director	$0	$0	$0
MARIA FERNANDA SAAVEDRA	PRESIDENT	N/A	Director	$0	$0	$0
JOSEPH SARUBBO	DIRECTOR	N/A	Director	$0	$0	$0
ISHAAN VADHERA	TREASURER	N/A	Officer Director	$0	$0	$0
SHAWN WELCOME	SECRETARY	N/A	Officer 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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$449,456	$537,132	$60,359	$-87,676
2022	$452,463	$353,211	$152,096	$99,252
2021	$264,126	$255,784	$51,351	$8,342

FUSIONFEST INC