Seasonal Music Festival
Seasonal Music Festival shows inconsistent financial performance with recurring deficits, but maintains 0% officer compensation.
EIN: 203242324 · Yakima, WA · NTEE: A68 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $440K |
| Total Expenses | $538K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $300,000 |
| Net Assets | $457K |
| Transparency Score | 75/100 |
Is Seasonal Music Festival Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Seasonal Music Festival directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Seasonal Music Festival
Seasonal Music Festival (EIN: 203242324) is a nonprofit organization based in Yakima, WA, classified under NTEE code A68. The organization reported total revenue of $440K and total assets of $758K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seasonal Music Festival's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seasonal Music Festival is a small nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -8.1%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $367K |
| Total Expenses | $538K |
| Surplus / Deficit | $-170,668 |
| Total Assets | $823K |
| Total Liabilities | $366K |
| Net Assets | $457K |
| Operating Margin | -46.4% |
| Debt-to-Asset Ratio | 44.4% |
| Months of Reserves | 18.4 months |
Financial Health Grade: B
In 2022, Seasonal Music Festival reported a deficit of $171K with expenses exceeding revenue, holds 18.4 months of operating reserves (strong position), has a debt-to-asset ratio of 44.4% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2022), Seasonal Music Festival's revenue has declined at a compound annual growth rate (CAGR) of -8.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -17.7% | +3.2% | +0.0% |
| 2021 | +29.2% | +95.8% | -6.0% |
| 2020 | +22.3% | -20.8% | +5.0% |
| 2019 | -48.8% | -8.3% | -7.1% |
| 2018 | +133.8% | +38.0% | +1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Seasonal Music Festival with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Seasonal Music Festival allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $171K, with expenses exceeding revenue.
- Debt-to-asset ratio: 44.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly unusual for an organization with annual revenues often exceeding $300,000 and assets over $750,000.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Seasonal Music Festival's IRS 990 filings:
- Inconsistent financial performance with recurring annual deficits (e.g., 2022, 2021, 2019, 2017, 2016, 2015).
- Significant decline in assets over the past decade (from $982,102 in 2013 to $823,102 in 2022).
- Lack of detailed functional expense breakdown in provided data makes it difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for Seasonal Music Festival:
- Zero officer compensation reported across all filings, indicating a strong commitment to directing funds to the mission.
- Consistent IRS 990 filing history (12 filings), demonstrating regulatory compliance and transparency.
- Maintains a substantial asset base ($757,579 latest, $823,102 in 2022) despite revenue fluctuations.
Frequently Asked Questions about Seasonal Music Festival
Is Seasonal Music Festival a legitimate charity?
Based on AI analysis of IRS 990 filings, Seasonal Music Festival (EIN: 203242324) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Seasonal Music Festival spend its money?
Seasonal Music Festival directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Seasonal Music Festival tax-deductible?
Seasonal Music Festival is registered as a tax-exempt nonprofit (EIN: 203242324). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Seasonal Music Festival CEO make?
Seasonal Music Festival's highest-compensated officer earns $300,000 annually. The organization reported $440K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Seasonal Music Festival's spending goes to programs?
Seasonal Music Festival directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Seasonal Music Festival compare to similar nonprofits?
With a transparency score of 75/100 (Good), Seasonal Music Festival is above average for NTEE category A68 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Seasonal Music Festival located?
Seasonal Music Festival is headquartered in Yakima, Washington and files with the IRS under EIN 203242324. It is classified under NTEE code A68.
How many years of IRS 990 filings does Seasonal Music Festival have?
Seasonal Music Festival has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $440K in total revenue.
Is Seasonal Music Festival a good charity?
Seasonal Music Festival exhibits strong dedication to its mission by not compensating officers, suggesting resources are directed to programs. However, its financial stability is inconsistent, with expenses frequently exceeding revenue, which could impact long-term sustainability. Donors should consider this financial variability.
How does Seasonal Music Festival manage its expenses given the recurring deficits?
The organization has experienced several years where expenses outpaced revenue, such as in 2022 ($538,141 expenses vs. $367,473 revenue). This suggests they may be drawing on reserves or relying on future funding to cover operational costs. A detailed functional expense breakdown would provide more insight into how these deficits are managed.
What is the trend in Seasonal Music Festival's assets and liabilities?
Assets have generally declined over the decade, from $982,102 in 2013 to $823,102 in 2022. Liabilities have fluctuated significantly, peaking at $594,171 in 2013 and decreasing to $365,775 in 2022, indicating some progress in managing debt but also a reduction in overall asset base.
Filing History
IRS 990 filing history for Seasonal Music Festival showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Seasonal Music Festival's revenue has declined by 60.6%, moving from $933K to $367K. Total assets decreased by 11.7% over the same period, from $932K to $823K. Total functional expenses rose by 52.9%, from $352K to $538K. In its most recent filing year (2022), Seasonal Music Festival reported a deficit of $171K, with expenses exceeding revenue. The organization holds $366K in liabilities against $823K in assets (debt-to-asset ratio: 44.4%), resulting in net assets of $457K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $367K | $538K | $823K | $366K | — | View 990 |
| 2021 | $447K | $522K | $823K | $204K | — | View 990 |
| 2020 | $346K | $267K | $875K | $181K | — | View 990 |
| 2019 | $282K | $337K | $834K | $218K | — | View 990 |
| 2018 | $552K | $367K | $897K | $228K | — | View 990 |
| 2017 | $236K | $266K | $888K | $402K | — | View 990 |
| 2016 | $150K | $246K | $925K | $409K | — | View 990 |
| 2015 | $272K | $286K | $933K | $417K | — | View 990 |
| 2014 | $531K | $290K | $963K | $433K | — | View 990 |
| 2013 | $236K | $213K | $982K | $594K | — | View 990 |
| 2012 | $410K | $416K | $970K | $604K | — | View 990 |
| 2011 | $933K | $352K | $932K | $559K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $367K, expenses of $538K, and assets of $823K (revenue -17.7% year-over-year).
- 2021: Revenue of $447K, expenses of $522K, and assets of $823K (revenue +29.2% year-over-year).
- 2020: Revenue of $346K, expenses of $267K, and assets of $875K (revenue +22.3% year-over-year).
- 2019: Revenue of $282K, expenses of $337K, and assets of $834K (revenue -48.8% year-over-year).
- 2018: Revenue of $552K, expenses of $367K, and assets of $897K (revenue +133.8% year-over-year).
- 2017: Revenue of $236K, expenses of $266K, and assets of $888K (revenue +57.3% year-over-year).
- 2016: Revenue of $150K, expenses of $246K, and assets of $925K (revenue -44.9% year-over-year).
- 2015: Revenue of $272K, expenses of $286K, and assets of $933K (revenue -48.8% year-over-year).
- 2014: Revenue of $531K, expenses of $290K, and assets of $963K (revenue +125.4% year-over-year).
- 2013: Revenue of $236K, expenses of $213K, and assets of $982K (revenue -42.5% year-over-year).
- 2012: Revenue of $410K, expenses of $416K, and assets of $970K (revenue -56.0% year-over-year).
- 2011: Revenue of $933K, expenses of $352K, and assets of $932K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seasonal Music Festival:
Data Sources and Methodology
This transparency report for Seasonal Music Festival is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.