SOLVANG THEATERFEST INC (EIN 953612715) - 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

1974

Legal Domicile

Phone

8056861789

Tax Period

2024-01-01 to 2024-12-31

SOLVANG THEATERFEST INC, founded in 1974, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Net assets of $6.7M represent 64 months of operating reserves.

Mission

THE ESTABLISHMENT AND MAINTENANCE OF A UNIQUE 700 SEAT OPEN AIR ARENA THEATER FACILITY AND CULTURAL LANDMARK IN THE HEART OF THE SANTA YNEZ VALLEY TO PROVIDE THEATER PATRONS AND VISITORS A PLACE TO EXPERIENCE THE MAGIC OF LIVE ARTS ENTERTAINMENT AND SPECIAL EVENTS SINCE 1974.

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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 $552,992

Program Service Revenue $673,988

Investment Income $37,397

Other Revenue $0

TOTAL REVENUE $1,264,377

Expense Breakdown

Grants Paid $0

Salaries & Benefits $204,586

Fundraising Expenses $86,644

Program Expenses $1,043,107

Other Expenses $1,096,523

TOTAL EXPENSES $1,301,109

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,264,377	$1,095,478	+0.2%
Expenses	$1,301,109	$1,078,846	+0.2%
Net Income	$-36,732	$16,632	-3.2%

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

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
JENNIFER JONES	Director	2.00	Director	$0	$0	$0
JILL LUCAS	Director	2.00	Director	$0	$0	$0
KEVIN MCCONNELL	Director	2.00	Director	$0	$0	$0
BRAD VIDRO	Vice Chair	2.00	Officer Director	$0	$0	$0
POLLY WALKER	Director	2.00	Director	$0	$0	$0
RICHARD KLINE	Director	2.00	Director	$0	$0	$0
CATHERINE STREEGAN CATANI	Director	2.00	Director	$0	$0	$0
DON CONNER	Chairman	2.00	Officer Director	$0	$0	$0
BROOKE BLUNT	CFO	2.00	Officer Director	$0	$0	$0
HARVEY GREEN	Secretary	2.00	Officer Director	$0	$0	$0
LOGAN HOWARD	Director	2.00	Director	$0	$0	$0
DAVID SELTZER	Director	2.00	Director	$0	$0	$0
DAVID RASMUSSEN	Director	2.00	Director	$0	$0	$0
WILLIAM KEES	Director	2.00	Director	$0	$0	$0
SCOTT COE	EXECUTIVE DIRECTOR	0.00		$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	$1,264,377	$1,301,109	$6,732,593	$-36,732
2023	$1,095,478	$1,078,846	$7,096,013	$16,632
2022	$1,500,355	$703,732	$7,682,002	$796,623
2021	$2,566,231	$546,469	$5,934,542	$2,019,762
2020	$1,210,390	$559,077	$3,940,116	$651,313
2019	$1,250,020	$609,808	$3,266,287	$640,212
2018	$364,932	$605,891	$2,629,581	$-240,959

SOLVANG THEATERFEST INC