Mount Dora Festival of Music and Literature Inc

Nonprofit profile at a glance

EIN
593467731
IRS 990-EZ coverage
2010–2017
Forms available
Form 990-EZ 2017
Location
Mount Dora, FL, USA
Phone
3523832627
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Community Celebrations

Official website

Reported finances

Revenue
$651
Expenses
$16,475
Assets
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • ROBERT E HARRIS (President)

People named in this filing

  • ROBERT E HARRIS (President)
  • DIANA MULLINS (Secretary)
  • NANCY HOWELL (Executive Dir.)

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 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Mount Dora Festival of Music is dedicated to presenting an annual, multi-genre, high quality, cross-cultural celebration of music.

What it reported doing in 2017

Due to the impending dissolution and unforeseen circumstances, the Mount Dora Music Festival presented no events in the final year. Over the past 20 years the Music Festival presented a multitude of talented performers, entertained thousands of concert attendees, held several music education classes, gave scholarships to local students and brought economic growth and recognition to Mount Dora and the Community Building. We want to thank all who helped to support and serve the Festival including the dedicated sponsors, contributors and partners, Board of Directors and volunteers, performers, technicians, agents, venues and everyone who attended a show

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Hybrid. The nonprofit split its reported program spending across 41% for direct work, and 59% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 2
  • Growth: 0

Detailed rating inputs

Financial Efficiency

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

Transparency & Controls

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

Sustainability

  • Operating margin: -2,430.7%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 24.3%; rating input score 7; 7th percentile among comparable filings

Growth

  • Program expense growth: -1.7% per year; rating input score 0; 45th percentile among comparable filings
  • Revenue growth: -9.4% per year; rating input score 0; 28th percentile among comparable filings
  • Asset growth: -8.9% per year; rating input score 0; 21st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $16K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 8 filing years from 2010 to 2017
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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: Operating margin scored 1/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 7/100.