Mt Vernon Festivals Inc
Nonprofit profile at a glance
- EIN
- 455380442
- IRS 990-EZ coverage
- 2014–2024
- Forms available
- Form 990-EZ 2024
- Location
- Mount Vernon, IL, USA
- Phone
- 6182423151
- Rating
- 94
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community Celebrations
Reported finances
- Revenue
- $112,174
- Expenses
- $129,164
- Assets
- $8,451
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- JASON HULBERT (President)
- LISA DAMRON (Vice President)
People named in this filing
- JASON HULBERT (President)
- LISA DAMRON (Vice President)
- ANGELA SCHRUM (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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Celebrating creativity through a series of festivals, mt. Vernon festivals, inc. Will organize and operate the best festivals in the country in order to earn and maintain mt. Vernon's festival arts city reputation. Mt. Vernon's festivals will be known for embracing the extraordinary and providing creativity with a twist in mt. Vernon, Illinois where creativity is constantly being redefined.
What it reported doing in 2024
Organize and operate the best festivals in the country in order to earn and maintain mt. Vernon's festival arts city reputation.
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
- 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. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 97
- Transparency & Controls: 100
- Sustainability: 15
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 91.3%; rating input score 91
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: -15.1%; rating input score 11; 11th percentile among comparable filings
- Total-asset coverage ratio: 0.07; rating input score 9; 9th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 8.7% per year; rating input score 100; 58th percentile among comparable filings
- Revenue growth: 29.7% per year; rating input score 100; 90th percentile among comparable filings
- Asset growth: 6.7% per year; rating input score 100; 51st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 91.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $118K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Filing history: 10 filing years from 2014 to 2024
- 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: Operating margin scored 11/100.
- High — Sustainability: Total-asset coverage ratio scored 9/100.