MENDOCINO MUSIC FESTIVAL (EIN 943047133) - 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

1986

Legal Domicile

Principal Officer

THOMAS COSTELLO

Phone

7079372044

Tax Period

2023-10-01 to 2024-09-30

MENDOCINO MUSIC FESTIVAL, founded in 1986, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 161% from the prior year, signaling strong growth momentum. The organization ran a surplus of $893K, a strong 47% operating margin.

Mission

TO ENRICH, EDUCATE AND ENTERTAIN ALL AGES OF RESIDENTS AND VISITORS BY PRESENTING WORLD-CLASS MUSICIANS AND MUSIC ON THE MENDOCINO COAST.

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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 $1,392,338

Program Service Revenue $475,280

Investment Income $8,578

Other Revenue $7,515

TOTAL REVENUE $1,883,711

Expense Breakdown

Grants Paid $0

Salaries & Benefits $418,416

Fundraising Expenses $10,733

Program Expenses $725,325

Other Expenses $572,687

TOTAL EXPENSES $991,103

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,883,711	$720,368	+1.6%
Expenses	$991,103	$878,833	+0.1%
Net Income	$892,608	$-158,465	-6.6%

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

151

Volunteers

240

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

$1,875

Total Directors

$46,875

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLAN POLLACK	ARTISTIC DIR.	32.00	Director	$36,000	$0	$36,000
BARBARA FAULKNER	EXECUTIVE DIRECTOR	32.00		$26,570	$0	$26,570
SUSAN WATERFALL	ASSOC. ART DIR.	8.00	Director	$5,000	$0	$5,000
ARLENE REISS	Director	8.00	Director	$4,000	$0	$4,000
MARCIA LOTTER	Secretary	5.00	Officer Director	$1,875	$0	$1,875
THOMAS COSTELLO	Treasurer	10.00	Officer Director	$0	$0	$0
PADDY BATCHELDER	President	5.00	Officer Director	$0	$0	$0
KAREN MICCIULLA	Vice President	8.00	Officer Director	$0	$0	$0
DEBORAH FARMER	Director	2.00	Director	$0	$0	$0
SANDY GLICKFELD	Director	2.00	Director	$0	$0	$0
JASON KIRKMAN	Director	2.00	Director	$0	$0	$0
SANDRA SPECK-MCELROY	Director	2.00	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	$1,883,711	$991,103	$1,361,007	$892,608
2023	$720,368	$878,833	$369,174	$-158,465
2022	$522,711	$502,980	$508,351	$19,731
2021	$432,050	$323,812	$548,109	$108,238
2020	$320,721	$261,305	$453,694	$59,416
2019	$709,190	$671,743	$399,534	$37,447
2018	$627,732	$629,136	$339,631	$-1,404

MENDOCINO MUSIC FESTIVAL