Madison County Mushroom Festival Inc

Nonprofit profile at a glance

EIN
651203611
IRS 990-EZ coverage
2013–2025
Forms available
Form 990-EZ 2025
Location
Madisonville, TX, USA
Rating
44
Verdict
MIXED
Rating confidence
Moderate
Sector
Chambers of Commerce & Business Leagues

Official website

Reported finances

Revenue
$40,251
Expenses
$26,912
Assets
$71,631
Liabilities
$6,000

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

Leadership & pay

4 people listed

Executive titles in this filing

  • Dennum Hudson (President)
  • Kelly Mego (Vice President)

People named in this filing

  • Dennum Hudson (President)
  • Kelly Mego (Vice President)
  • Liz Ward (Secretary)

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

Make a major contribution to the ever-improving quality of life in the City of Madisonville by providing its citizens with a significant and continuing source of community pride a citywide celebration by and for every citizen. The festival is a means of promoting the benefits of a common bond between the people businesses government education and civic organizations that make up our community.

What it reported doing in 2025

Planning and implementing the Texas Mushroom Festival. Scholarships are awarded from net proceeds to Madisonville ISD and or North Zulch ISD students for college.

Operating model

Revenue model
Donor-supported. 78% of the money available for current operations came from contributions and gifts.
Distribution model
Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 9
  • Transparency & Controls: 82
  • Sustainability: 68
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 14.9%; rating input score 15
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 33.1%; rating input score 82; 82nd percentile among comparable filings
  • Total-asset coverage ratio: 2.66; rating input score 72; 72nd percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 16; 16th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 29.5% per year; rating input score 100; 86th percentile among comparable filings
  • Revenue growth: -4.1% per year; rating input score 0; 36th percentile among comparable filings
  • Asset growth: 6.3% per year; rating input score 100; 61st percentile among comparable filings

Details

  • Where the money goes: 14.9% of revenue deployed
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 12 filing years from 2013 to 2025
  • Contacts: How to reach this organization
  • 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 — Financial Efficiency: Mission deployment rate scored 15/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 16/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.