FRIENDS OF THE ACADIA TRAD FESTIVAL

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2023

Legal Domicile

Principal Officer

DAVID WASSERMAN

Phone

9088849280

Tax Period

2025-01-01 to 2025-12-31

FRIENDS OF THE ACADIA TRAD FESTIVAL, founded in 2023, is a small nonprofit in the Arts, Culture & Humanities sector that reported $249K in total revenue in fiscal year 2025. Expenses of $275K exceeded revenue, resulting in a 10% operating deficit.

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.

Program Service Accomplishments

Program 1

Expenses: $272,943 Revenue: $180,448

THE FESTIVALS GOAL IS TO FOSTER COMMUNITY, CELEBRATE ARTISTRY AND BUILD BRIDGES BETWEEN GENERATIONS AND CULTURES BY CARRYING FORWARD MUSIC AND DANCE TRADITIONS OF ACADIAN, CAPE BRETON, IRISH...

THE FESTIVALS GOAL IS TO FOSTER COMMUNITY, CELEBRATE ARTISTRY AND BUILD BRIDGES BETWEEN GENERATIONS AND CULTURES BY CARRYING FORWARD MUSIC AND DANCE TRADITIONS OF ACADIAN, CAPE BRETON, IRISH, QUBCOIS, SCOTTISH, AND OTHER ORIGINS.

Program 2

Revenue: $7,493

THE FESTIVAL IS DEDICATED TO PROMOTING AND CONTRIBUTING TO THE CELEBRATION AND EVOLUTION OF THE LIVING ART OF TRADITIONAL MUSIC AND DANCE ACROSS CULTURES AND THROUGHOUT TIME.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $58,961

Program Service Revenue $187,941

Investment Income $0

Other Revenue $2,445

TOTAL REVENUE $249,347

Expense Breakdown

Grants Paid $0

Salaries & Benefits $46,610

Fundraising Expenses $0

Program Expenses $272,943

Other Expenses $228,738

TOTAL EXPENSES $275,348

Year-over-Year Comparison

	2025	2024	Change
Revenue	$249,347	$237,443	+0.1%
Expenses	$275,348	$195,406	+0.4%
Net Income	$-26,001	$42,037	-1.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
TROY JORDAN	BOARD MEMBER	N/A	Director	$0	$0	$0
EMILIE CARROLL	BOARD MEMBER	N/A	Director	$0	$0	$0
SALLY SOMMERS SMITH	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
2025	$249,347	$275,348	$63,702	$-26,001
2024	$237,443	$195,406	$99,378	$42,037