First City Music Festival Inc

Nonprofit profile at a glance

EIN: 844954765
IRS 990-EZ coverage: 2023–2025
Forms available: Form 990-EZ 2025, Form 990-N 2022
Location: Vincennes, IN, USA
Phone: 8128873919
Rating: 94
Verdict: STRONG
Rating confidence: Moderate
Sector: Arts, Culture, and Humanities

Reported finances

Revenue: $137,869
Expenses: $123,323
Assets: $42,126
Liabilities: $9,596

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

SHEPARD NASH DUNN (PRESIDENT)

People named in this filing

SHEPARD NASH DUNN (PRESIDENT)
JEFFERY DECKARD (VICE PRESIDE)
JUDITH KOTTER (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To promote tourism in the wabash valley and utilize any excess funds to provide scholarship opportunities for are youth. The organization believes in the power of music and the art to bring people together and to help build long-lasting quality of life within the community.

What it reported doing in 2025

Bring music, arts, and culture to the community

Operating model

Revenue model: Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model: Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.

Rating breakdown

Financial Efficiency: 93
Transparency & Controls: 100
Sustainability: 44
Growth: 100

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 89.4%; rating input score 89
Program expense ratio: 100%; rating input score 100

Transparency & Controls

Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
Major donor itemization: Yes; rating input score 100

Sustainability

Operating margin: 10.6%; rating input score 56; 56th percentile among comparable filings
Total-asset coverage ratio: 0.34; rating input score 29; 29th percentile among comparable filings
Liabilities to assets ratio: 0.23; rating input score 15; 15th percentile among comparable filings
Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

Program expense growth: 74.4% per year; rating input score 100; 95th percentile among comparable filings
Revenue growth: 29.2% per year; rating input score 100; 89th percentile among comparable filings
Asset growth: 21.9% per year; rating input score 100; 80th percentile among comparable filings

Details

Where the money goes: 89.4% of revenue deployed · 100% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $123K in reported program spending
Leadership: top reported pay $0 · 4 people listed
Consistency: 7 of 7 current checks pass
Schedules: 3 filed schedules
Filing history: 3 filing years from 2023 to 2025
Contacts: How to reach this organization
Money network: Resolved incoming and outgoing counterparties from filed money flows.
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

High — Sustainability: Total-asset coverage ratio scored 29/100.
Review — Sustainability: Operating margin scored 56/100.
High — Sustainability: Liabilities to assets ratio scored 15/100.