Madison Fireworks Fund Inc
Nonprofit profile at a glance
- EIN
- 391756845
- IRS 990-EZ coverage
- 2013–2013
- Forms available
- Form 990 2012, Form 990-EZ 2013
- Location
- Fitchburg, WI, USA
- Phone
- 6083107294
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Commemorative Events
Reported finances
- Revenue
- $50,150
- Expenses
- $51,780
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2013. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- RITA KELLIHER (PRESIDENT)
- GREG FRANK (VICE PRESIDENT)
People named in this filing
- RITA KELLIHER (PRESIDENT)
- STEPHANIE HAMMES (SECRETARY/TREASURER)
- GREG FRANK (VICE PRESIDENT)
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 2013. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Rhythm & booms is madison, Wisconsin's premier independence day celebration and fireworks display. Proceeds from the event's vending activities, after expenses, benefit children's charities in the madison area.
What it reported doing in 2013
In march 2013 madison fireworks fund, inc. Sold the rights to rhythm & booms to madison festivals, inc. Upon its dissolution, madison fireworks fund, inc. Distributed net assets totaling $32,019 to madison festivals, inc.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 80% of its reported program spending out as grants.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Revenue has declined or grown slowly and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 100
- Sustainability: 25
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.9%; rating input score 80
- Program expense ratio: 77.4%; rating input score 77
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -3.3%; rating input score 39; 39th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 57; 57th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -36.7% per year; rating input score 0; 12th percentile among comparable filings
- Asset growth: -113% per year; rating input score 0; 1st percentile among comparable filings
Details
- Where the money goes: 79.9% of revenue deployed · 77.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $40K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 4 filed schedules
- 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 — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- Moderate — Sustainability: Operating margin scored 39/100.
- Review — Sustainability: Officer compensation ratio scored 57/100.