MARFA INVITATIONAL (EIN 852664391) - 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

MICHAEL PHELAN

Phone

5122982898

Tax Period

2024-01-01 to 2024-12-31

MARFA INVITATIONAL, founded in 2021, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $51K in total revenue in fiscal year 2024. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $80K exceeded revenue, resulting in a 56% operating deficit.

Mission

MARFA INVITATIONAL BRINGS TOGETHER COMPELLING ARTISTS AND THE GENERAL PUBLIC TO THE REMOTE DESTINATION OF MARFA, TEXAS, WHICH IS PERCHED ON THE HIGH PLAINS OF THE CHIHUAHUAN DESERT TO CELEBRATE A TRULY UNIQUE SINGULAR AESTHETIC AND CONCEPTUAL IMMERSION AMONG ARTISTS, VISIONARIES AND THE AUDIENCES THAT SHAPE THEM.

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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 $14,710

Program Service Revenue $29,501

Investment Income $0

Other Revenue $6,772

TOTAL REVENUE $50,983

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $36,176

Other Expenses $79,542

TOTAL EXPENSES $79,542

Year-over-Year Comparison

	2024	2023	Change
Revenue	$50,983	$838,690	-0.9%
Expenses	$79,542	$229,278	-0.7%
Net Income	$-28,559	$609,412	-1.0%

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

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
MICHAEL PHELAN	PRESIDENT	72.00	Officer Director	$0	$0	$0
MELISSA GARDNER	SECRETARY & TREASURER	4.00	Officer Director	$0	$0	$0
MELISSA BENT	DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW KRUGER	DIRECTOR	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
2024	$50,983	$79,542	$651,138	$-28,559
2023	$838,690	$229,278	$655,817	$609,412

MARFA INVITATIONAL