Worthwhile Events NFP

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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

2022

Legal Domicile

Principal Officer

Michelle Worthley

Phone

3124983133

Tax Period

2023-01-01 to 2023-12-31

Worthwhile Events NFP, founded in 2022, is a small nonprofit in the Arts, Culture & Humanities sector that reported $196K in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $34K, a strong 17% operating margin.

Mission

Worthwhile Events NFP promotes appreciation of animation storytelling and other artforms through its conventions which provide an inclusive and welcoming atmosphere for the fan community to meet and which provide opportunities for charity and fellowship.

Program Service Accomplishments

Program 1

Expenses: $88,395 Revenue: $123,674

Ponyville Ciderfest 2023 PVCF 2023 in Milwaukee Wisconsin ran for three days and welcomed 1,064 participants engaging in interactive storytelling sessions panels competitions concerts and a charity auction supporting the Wisconsin Humane Society. Grant consists of 510 worth of inventory donated to charity auction. Expenses paid in 2023 include 7000 deposit for PVCF 2024 3500 equipment rental for PVCF 2022 and 1536 event supply reimbursement for PVCF 2022.

Program 2

Expenses: $63,371 Revenue: $70,452

Whinny City Pony Con 2023 WPCP 2023 in Schaumburg Illinois ran for thee days and welcomed 611 participants engaged in summer camp-themed panels competitions concerts and a charity auction supporting About Face Theatre. Grant consists of 367 worth of inventory donated to charity auction. Expenses paid in 2023 include 2500 equipment rental for WCPC 2022.

Program 3

Expenses: $0 Revenue: $0

Online community server on the Discord platform was maintained and moderated for use by approximately 2000 users facilitating community interaction during the conventions and throughout the year.

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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 $1,610

Program Service Revenue $202,620

Investment Income $0

Other Revenue $-8,494

TOTAL REVENUE $195,736

Expense Breakdown

Grants Paid $877

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $151,766

Other Expenses $160,935

TOTAL EXPENSES $161,812

Year-over-Year Comparison

	2023	2022	Change
Revenue	$195,736	$135,410	+0.4%
Expenses	$161,812	$115,839	+0.4%
Net Income	$33,924	$19,571	+0.7%

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

140

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
Michelle Worthley	Director and President	5.00	Officer Director	$0	$0	$0
Charles Worthley	Director and Treasurer	25.00	Officer Director	$0	$0	$0
Nicholas Terrell	Director and Secretary	3.00	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
2023	$195,736	$161,812	$122,577	$33,924