FRIENDS OF THE ACADIA TRAD FESTIVAL (EIN 931941739) - 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

2023

Legal Domicile

Principal Officer

DAVID WASSERMAN

Phone

9088849280

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE ACADIA TRAD FESTIVAL, founded in 2023, is a small nonprofit in the Arts, Culture & Humanities sector that reported $237K in total revenue in fiscal year 2024. The organization ran a surplus of $42K, a strong 18% operating margin.

Mission

FRIENDS OF THE ACADIA TRAD FESTIVAL IS A NONPROFIT CORPORATION DEDICATED TO PROMOTING EDUCATION AND APPRECIATION OF TRADITIONAL MUSIC AND DANCE THROUGH A FESTIVAL COMPOSED OF INTENSIVE CLASSES, WORKSHOPS, CONCERTS, AND DANCES, AND RELATED PROGRAMMING.

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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 $58,589

Program Service Revenue $174,486

Investment Income $0

Other Revenue $4,368

TOTAL REVENUE $237,443

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,500

Fundraising Expenses $0

Program Expenses $193,185

Other Expenses $161,906

TOTAL EXPENSES $195,406

Year-over-Year Comparison

	2024	2023	Change
Revenue	$237,443	N/A	N/A
Expenses	$195,406	N/A	N/A
Net Income	$42,037	N/A	N/A

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
DAVID WASSERMAN	CHAIR	N/A	Officer Director	$0	$0	$0
ADAM MCLEAN	VICE CHAIR	N/A	Officer Director	$0	$0	$0
KERSTIN GILG	TREASURER	N/A	Officer Director	$0	$0	$0
SHELLEY KEIMACH	SECRETARY	N/A	Officer Director	$0	$0	$0
ELLEN MAHONEY	BOARD MEMBER	N/A	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	$237,443	$195,406	$99,378	$42,037

FRIENDS OF THE ACADIA TRAD FESTIVAL