FAIRHOPE, AL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FRIENDS OF THE HALSTEAD INC, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $723K in total revenue in fiscal year 2025. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $800K exceeded revenue, resulting in a 11% operating deficit.
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THE ORGANIZATION PUTS ON A SEASONAL CONCERT SERIES AT THE HALSTEAD AMPHITHEATER IN FAIRHOPE, ALABAMA. THE ORGANIZATION PRODUCES AND PAYS FOR THE CONCERTS, WHICH ARE HELD EACH SPRING AND FALL. THE...
THE ORGANIZATION PUTS ON A SEASONAL CONCERT SERIES AT THE HALSTEAD AMPHITHEATER IN FAIRHOPE, ALABAMA. THE ORGANIZATION PRODUCES AND PAYS FOR THE CONCERTS, WHICH ARE HELD EACH SPRING AND FALL. THE ACTIVITY IS FUNDED THROUGH TICKET SALES AND SPONSORSHIP DONATIONS. APPROXIMATELY 90% OF THE ORGANIZATION'S EXPENSES ARE RELATED TO PRODUCING THE SHOWS. 80% OF THE ORGANIZATION'S TIME IS SPENT BOTH PLANNING FOR AND RUNNING THE SHOWS. THE CONCERT SERIES FURTHERS THE ORGANIZATION'S EXEMPT PURPOSE BY PROVIDING LIVE MUSIC FOR THE COMMUNITY OF FAIRHOPE.
THE ORGANIZATION ALSO AWARDS THE JACOB HALL MEMORIAL MUSICAL GRANT WHICH IS INTENDED TO PROVIDE ACCESS TO MUSICALRESOURCES FOR ASPIRING MUSICIANS. EXAMPLES OF POTENTIALLY QUALIFYING NEEDS INCLUDE...
THE ORGANIZATION ALSO AWARDS THE JACOB HALL MEMORIAL MUSICAL GRANT WHICH IS INTENDED TO PROVIDE ACCESS TO MUSICALRESOURCES FOR ASPIRING MUSICIANS. EXAMPLES OF POTENTIALLY QUALIFYING NEEDS INCLUDE MONEY FOR INSTRUMENTS, EQUIPMENT, MUSIC LESSONS, COST OF MUSIC CAMPS OR RECITALS, MUSIC TUITION OR MUSIC BOOKS. A THIRD PARTY VENDOR INVOICE IS REQUIRED DETAILING THE PRICE OF THE MUSICAL NEED AND THE GRANT IS PAID DIRECTLY TO THE THIRD PARTY VENDOR. APPLICANTS FOR THE GRANT MUST SUPPLY REFERENCES AND GRANTS ARE LIMITED TO NO MORE THAN $2,000 PER ISSUANCE. THE GRANT IS FUNDED THROUGH A PORTION OF THE TICKET SALES FROM THE SEASONAL CONCERT SERIES RUN BY THE ORGANIZATION. GRANTS ARE ISSUED TWICE A CALENDAR YEAR AND RECIPIENTS ARE CHOSEN BY THE FRIENDS OF THE HALSTEAD. THE GRANT IS ADVERTISED ON THE WEBSITE OF THE CONCERT SERIES, WWW.LIVEATFIVEFAIRHOPE.COM. APPROXIMATELY 20% OF THE ORGANIZATION'S TIME IS SPENT ADMINISTERING THIS GRANT. THE GRANT FURTHERS THE ORGANIZATION'S EXEMPT PURPOSE BY HELPING TO MEET THE MUSICAL NEEDS OF MUSICIANS IN THE COMMUNITY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $722,799 | $563,219 | +0.3% |
| Expenses | $799,510 | $421,647 | +0.9% |
| Net Income | $-76,711 | $141,572 | -1.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CHESLEY ALLEGRI | PRESIDENT | 0.00 |
Director
|
$0 | $0 | $0 |
| ANDY LUDECKE | VICE CHAIRMAN | 0.00 |
Director
|
$0 | $0 | $0 |
| MANDY BEZEREDI | SECRETARY | 0.00 |
Director
|
$0 | $0 | $0 |
| NELA FORNEY | TREASURER | 0.00 |
Director
|
$0 | $0 | $0 |
| EUGENIA LANAUX | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| CLIFTON MOSTELLER | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| BEN JERNIGAN | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $722,799 | $799,510 | $140,888 | $-76,711 |
| 2024 | No data | No data | No data | No data |
| 2023 | $257,126 | $227,474 | $71,081 | $29,652 |
| 2022 | $328,713 | $327,116 | $41,429 | $1,597 |
| 2021 | $218,393 | $178,561 | $39,832 | $39,832 |
Compare FRIENDS OF THE HALSTEAD INC with other nonprofits in Alabama and across the country.