TRI-CITIES WATER FOLLIES ASSOCIATION (EIN 916060434) - 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

1947

Legal Domicile

Principal Officer

MIKE HALL

Phone

5097834675

Tax Period

2023-01-01 to 2023-12-31

TRI-CITIES WATER FOLLIES ASSOCIATION, founded in 1947, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Expenses of $1.2M exceeded revenue, resulting in a 18% operating deficit.

Mission

ACTIVITIES ASSOCIATED WITH ANNUAL COMMUNITY CELEBRATION WHICH INCLUDES A HYDROPLANE RACE, SCHOLARSHIP PAGEANT, AIR SHOW AND VARIOUS OTHER ACTIVITIES.

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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 $0

Program Service Revenue $997,659

Investment Income $16,048

Other Revenue $4,653

TOTAL REVENUE $1,018,360

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,178,303

Other Expenses $1,199,083

TOTAL EXPENSES $1,199,083

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,018,360	$964,955	+0.1%
Expenses	$1,199,083	$1,047,788	+0.1%
Net Income	$-180,723	$-82,833	+1.2%

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

2000

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

$98,333

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK WILLIAMS	EVENT DIRECTOR	40.00	Director	$98,333	$0	$98,333
JANET MICK	BOARD MEMBER	1.00	Director	$0	$0	$0
NATHAN CRAGHILL	PRESIDENT	1.00	Officer Director	$0	$0	$0
MIKE HALL	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
LORREN JOHNSON	OFFICER	1.00	Officer Director	$0	$0	$0
DAVE BRUCE	BOARD MEMBER	1.00	Director	$0	$0	$0
AARON STEPHENS	RACE DIRECTOR	1.00	Officer Director	$0	$0	$0
KIM OWEN	AIR SHOW DIRECTOR	1.00	Officer Director	$0	$0	$0
LORI LOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
KAY METZ	BOARD MEMBER	1.00	Director	$0	$0	$0
DOT STEWART	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID KELLN	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM POWERS	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE MELIA	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF VASAHLO	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE OWEN	BOARD MEMBER	1.00	Director	$0	$0	$0
BARB KELTCH	OFFICER	1.00	Officer Director	$0	$0	$0
MICHELLE DAVEE	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC LANE	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF POTTER	OFFICER	1.00	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
2024	No data	No data	No data	No data
2023	$1,018,360	$1,199,083	$935,552	$-180,723
2022	$964,955	$1,047,788	$1,116,275	$-82,833
2021	$651,073	$768,677	$1,199,107	$-117,604
2020	$218,139	$332,473	$1,316,711	$-114,334
2019	$1,274,276	$1,302,873	$1,435,046	$-28,597
2018	$1,387,092	$1,495,459	$1,463,638	$-108,367

TRI-CITIES WATER FOLLIES ASSOCIATION