HOT AUGUST NIGHTS INC

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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

1986

Legal Domicile

Principal Officer

TIM HOLLAND

Phone

7753561956

Tax Period

2024-11-01 to 2025-10-31

HOT AUGUST NIGHTS INC, founded in 1986, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.2M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $3.7M exceeded revenue, resulting in a 16% operating deficit.

Mission

INSPIRE AND STRENGTHEN THE CLASSIC CAR CULTURE AND COMMUNITY

Program Service Accomplishments

Program 1

Expenses: $3,458,045 Revenue: $2,259,315

HOT AUGUST NIGHTS - A UNIQUE ANNUAL EVENT THAT ENCOURAGES AND PROMOTES THE PUBLIC'S INTEREST IN HISTORICAL AUTOMOBILES WHILE BRINGING TOURISM TRADE TO THE COMMUNITY.

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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 $935,248

Program Service Revenue $1,854,689

Investment Income $7,368

Other Revenue $404,626

TOTAL REVENUE $3,201,931

Expense Breakdown

Grants Paid $0

Salaries & Benefits $585,392

Fundraising Expenses $0

Program Expenses $3,458,045

Other Expenses $3,115,823

TOTAL EXPENSES $3,701,215

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,201,931	$2,956,345	+0.1%
Expenses	$3,701,215	$3,262,359	+0.1%
Net Income	$-499,284	$-306,014	+0.6%

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

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
RANDALL THORNTON	TREASURER	10.00	Officer Director	$0	$0	$0
LUIS PALACIO	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS KILIAN	SECRETARY	5.00	Director	$0	$0	$0
DIANA LEE	DIRECTOR	1.00	Director	$0	$0	$0
LINDA LOTT	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
TIM HOLLAND	DIRECTOR	40.00	Officer Director	$0	$0	$0
PAUL GORDON	DIRECTOR	1.00	Director	$0	$0	$0
VIC REDDING	DIRECTOR	1.00	Director	$0	$0	$0
DENY DOTSON	FORMER EXECUTIVE DIRECTOR	60.00		$111,420	$0	$111,420

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	$3,201,931	$3,701,215	$993,538	$-499,284
2024	$2,956,345	$3,262,359	$1,346,002	$-306,014
2023	$2,992,870	$3,161,731	$1,429,541	$-168,861
2022	$2,531,447	$2,476,774	$1,711,905	$54,673
2021	$2,387,802	$2,200,833	$1,542,807	$186,969
2020	$292,561	$987,623	$1,616,919	$-695,062