Worthwhile Events NFP

Nonprofit profile at a glance

EIN
881129990
IRS 990 coverage
2023–2023
Forms available
Form 990 2023, Form 990-EZ 2022
Location
Springfield, IL, USA
Phone
3124983133
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community Celebrations

Reported finances

Revenue
$195,736
Expenses
$161,812
Assets
$122,577
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • Michelle Worthley (Director and President)

People named in this filing

  • Michelle Worthley (Director and President)
  • Charles Worthley (Director and Treasurer)
  • Nicholas Terrell (Director and 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. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Worthwhile Events NFP promotes appreciation of animation storytelling and other artforms through its conventions which provide an inclusive and welcoming atmosphere for the fan community to meet and which provide opportunities for charity and fellowship.

What it reported doing in 2023

Ponyville Ciderfest 2023 PVCF 2023 in Milwaukee Wisconsin ran for three days and welcomed 1,064 participants engaging in interactive storytelling sessions panels competitions concerts and a charity auction supporting the Wisconsin Humane Society. Grant consists of 510 worth of inventory donated to charity auction. Expenses paid in 2023 include 7000 deposit for PVCF 2024 3500 equipment rental for PVCF 2022 and 1536 event supply reimbursement for PVCF 2022.

Operating model

Revenue model
Other-operating. 99% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 99% 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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 90
  • Accountability: 76
  • Sustainability: 61
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 74.3%; rating input score 74
  • Program expense ratio: 93.8%; rating input score 94
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 17.3%; rating input score 72; 72nd percentile among comparable filings
  • Total-asset coverage ratio: 0.76; rating input score 33; 33rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 81; 81st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 36.4% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: 23.7% per year; rating input score 100; 87th percentile among comparable filings

Details

  • Where the money goes: 74.3% of revenue deployed · 93.8% of spending went to programs
  • Governance: 3 of 3 board members independent · 3 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $152K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 40 of 40 current checks pass
  • Schedules: 3 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.

  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 33/100.