LOMPOC VALLEY FESTIVAL ASSOCIATION (EIN 953330570) - 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

1979

Legal Domicile

Principal Officer

STEVE BRIDGE

Phone

8057358511

Tax Period

2023-09-01 to 2024-08-31

LOMPOC VALLEY FESTIVAL ASSOCIATION, founded in 1979, is a small nonprofit that reported $203K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $301K exceeded revenue, resulting in a 48% operating deficit.

Mission

The Lompoc Valley Festival Associations mission is to promote and accomplish activities for the benefit of the community and its surrounding unincorporated areas including the Annual Flower Festival, Spring Arts Fair, Carnival, Queen Contest and Parade.

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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 $8,753

Program Service Revenue $196,700

Investment Income $-2,048

Other Revenue $-826

TOTAL REVENUE $202,579

Expense Breakdown

Grants Paid $2,400

Salaries & Benefits $43,951

Fundraising Expenses $0

Program Expenses $219,895

Other Expenses $254,353

TOTAL EXPENSES $300,704

Year-over-Year Comparison

	2023	2022	Change
Revenue	$202,579	$264,171	-0.2%
Expenses	$300,704	$334,400	-0.1%
Net Income	$-98,125	$-70,229	+0.4%

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

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
DANETTE MARSH	Vice President	1.00	Officer Director	$0	$0	$0
JEREMY AGUILAR	Director	1.00	Director	$0	$0	$0
INGA MCCULLOUGH	Past President	1.00	Director	$0	$0	$0
FRANK AGUILAR	Director	1.00	Director	$0	$0	$0
KARI CAMPBELL-BOHARD	Director	1.00	Director	$0	$0	$0
SUE BELTRAN	Secretary	1.00	Officer Director	$0	$0	$0
ANNETTE HERNANDEZ	Treasurer	1.00	Officer Director	$0	$0	$0
VERONICA IBARRA	Director	1.00	Director	$0	$0	$0
CHARLIE MCCULLOUGH	Director	1.00	Director	$0	$0	$0
STEVE BRIDGE	President	4.00	Officer Director	$0	$0	$0
CLAYTON KIRKLAND	Director	1.00	Director	$0	$0	$0
CARLOS TRUJILLO	Director	1.00	Director	$0	$0	$0
RAFAEL CISNEROS JR	Director	1.00	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	$202,579	$300,704	$150,540	$-98,125
2023	$264,171	$334,400	$233,692	$-70,229
2022	$261,588	$223,995	$314,789	$37,593
2021	$192,016	$32,641	$283,470	$159,375
2018	$411,011	$397,638	$193,480	$13,373

LOMPOC VALLEY FESTIVAL ASSOCIATION