CHERRY FESTIVAL ASSOCIATION (EIN 953803597) - 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

1982

Legal Domicile

Principal Officer

DANIEL ROUSH

Phone

9516630601

Tax Period

2024-01-01 to 2024-12-31

CHERRY FESTIVAL ASSOCIATION, founded in 1982, is a small nonprofit that reported $497K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $723K exceeded revenue, resulting in a 45% operating deficit.

Mission

PROVIDE COMMUNITY EVENTS FOR AREA RESIDENTS AND OTHERS. COMMUNITY PARADE ATTENDED BY OVER 7500 PEOPLE AND CHERRY FESTIVAL ATTENDED BY OVER 40,000 PEOPLE OVER A 4 DAY PERIOD.

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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 $486,674

Program Service Revenue $0

Investment Income $9,967

Other Revenue $0

TOTAL REVENUE $496,641

Expense Breakdown

Grants Paid $14,930

Salaries & Benefits $37,075

Fundraising Expenses $707,641

Program Expenses $14,930

Other Expenses $670,566

TOTAL EXPENSES $722,571

Year-over-Year Comparison

	2024	2023	Change
Revenue	$496,641	$589,572	-0.2%
Expenses	$722,571	$489,030	+0.5%
Net Income	$-225,930	$100,542	-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

N/A

Volunteers

250

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

$27,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNMARIE ROUSH	ACTIVE MEMBER	5.00	Director	$0	$0	$0
DANIEL ROUSH	PRESIDENT	5.00	Officer	$0	$0	$0
DAVE PENSAK	DIRECTOR	5.00	Director	$0	$0	$0
SUE PENSAK	DIRECTOR	5.00	Director	$0	$0	$0
KEITH STEVENS	DIRECTOR	5.00	Director	$0	$0	$0
LILIAN AVERETTE	DIRECTOR	5.00	Director	$0	$0	$0
ALMA FRAUSTO	DIRECTOR	5.00	Director	$0	$0	$0
ARIANAH ROUSH	TREASURER	20.00	Officer	$0	$0	$27,000
BENJAMIN PEREZ	DIRECTOR	5.00	Director	$0	$0	$0
FELICIA ROMERO	VICE PRESIDENT	5.00	Officer	$0	$0	$0
JEANNIE ECHOLS	DIRECTOR	5.00	Director	$0	$0	$0
JORGE DIAZ	DIRECTOR	5.00	Director	$0	$0	$0
NICHOLAS ROUSH	DIRECTOR	5.00	Director	$0	$0	$0
ROBERT SIBOLE	DIRECTOR	5.00	Director	$0	$0	$0
HEATHER HARDWOOD	SECRETARY	5.00	Officer	$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	$496,641	$722,571	$337,006	$-225,930
2023	$589,572	$489,030	No data	$100,542
2022	$490,422	$159,365	No data	$331,057
2021	$157	$13,183	No data	$-13,026
2020	$2,917	$28,647	No data	$-25,730
2019	$267,220	$559,324	No data	$-292,104
2018	$396,454	$328,471	$301,640	$67,983

CHERRY FESTIVAL ASSOCIATION