Somerton Tomale Festival Inc
Somerton Tomale Festival Inc maintains stable finances with volunteer leadership, showing recovery and asset growth in recent years.
EIN: 204166222 · Somerton, AZ · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $250K |
| Total Expenses | $250K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $200,000 |
| Net Assets | $79K |
| Transparency Score | 85/100 |
Is Somerton Tomale Festival Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Somerton Tomale Festival Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Somerton Tomale Festival Inc
Somerton Tomale Festival Inc (EIN: 204166222) is a nonprofit organization based in Somerton, AZ, classified under NTEE code B82. The organization reported total revenue of $250K and total assets of $88K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Somerton Tomale Festival Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Somerton Tomale Festival Inc is a small nonprofit that has been operating for 14 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 21.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $304K |
| Total Expenses | $250K |
| Surplus / Deficit | +$54K |
| Total Assets | $82K |
| Total Liabilities | $3K |
| Net Assets | $79K |
| Operating Margin | 17.7% |
| Debt-to-Asset Ratio | 4.0% |
| Months of Reserves | 3.9 months |
Financial Health Grade: A
In 2023, Somerton Tomale Festival Inc reported a surplus of $54K with revenue exceeding expenses, holds 3.9 months of operating reserves (adequate), has a debt-to-asset ratio of 4.0% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Somerton Tomale Festival Inc's revenue has grown at a compound annual growth rate (CAGR) of 21.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +57.4% | +28.7% | +140.0% |
| 2022 | -15.1% | -7.5% | -2.0% |
| 2021 | +4528.3% | +300.7% | +210.2% |
| 2020 | -97.9% | -79.8% | -59.9% |
| 2019 | -24.1% | -18.6% | -42.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
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 Somerton Tomale Festival Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Somerton Tomale Festival Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $54K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization is run by volunteers. This is highly commendable for an organization of its size, with revenues often exceeding $200,000 annually.
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 Somerton Tomale Festival Inc's IRS 990 filings:
- Significant revenue volatility in 2020 due to external factors (e.g., pandemic impact on events).
Strengths
The following positive indicators were identified for Somerton Tomale Festival Inc:
- Consistent 0% officer compensation, indicating strong volunteer support and efficient use of funds.
- Demonstrated financial resilience and recovery from challenging periods, such as the 2020 revenue drop.
- Positive net income in 2023 ($303,813 revenue vs. $249,990 expenses), contributing to asset growth.
- Consistent filing of IRS Form 990s, indicating good transparency and compliance.
- Growing assets, reaching $82,024 in 2023, showing financial strengthening.
Frequently Asked Questions about Somerton Tomale Festival Inc
Is Somerton Tomale Festival Inc a legitimate charity?
Somerton Tomale Festival Inc (EIN: 204166222) is a registered tax-exempt nonprofit based in Arizona. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $250K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Somerton Tomale Festival Inc spend its money?
Somerton Tomale Festival Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Somerton Tomale Festival Inc tax-deductible?
Somerton Tomale Festival Inc is registered as a tax-exempt nonprofit (EIN: 204166222). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Somerton Tomale Festival Inc CEO make?
Somerton Tomale Festival Inc's highest-compensated officer earns $200,000 annually. The organization reported $250K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Somerton Tomale Festival Inc's spending goes to programs?
Somerton Tomale Festival Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Somerton Tomale Festival Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Somerton Tomale Festival Inc is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Somerton Tomale Festival Inc located?
Somerton Tomale Festival Inc is headquartered in Somerton, Arizona and files with the IRS under EIN 204166222. It is classified under NTEE code B82.
How many years of IRS 990 filings does Somerton Tomale Festival Inc have?
Somerton Tomale Festival Inc 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 $250K in total revenue.
How does Somerton Tomale Festival Inc manage to operate without any paid officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization relies entirely on volunteer leadership and staff, which is a significant factor in its operational efficiency and ability to direct more funds towards its mission.
What caused the significant drop in revenue in 2020?
In 2020, revenue dropped to $4,912 from $227,342 in 2021 and $238,565 in 2019. This drastic reduction was likely due to the COVID-19 pandemic, which severely impacted public events and festivals, aligning with the nature of a 'Tomale Festival'.
Is the organization financially stable given past fluctuations?
While there have been fluctuations, particularly the significant dip in 2020, the organization has demonstrated resilience, with revenue recovering to $303,813 in 2023 and assets growing to $82,024. This indicates a return to financial stability after challenging periods.
Filing History
IRS 990 filing history for Somerton Tomale Festival Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Somerton Tomale Festival Inc's revenue has grown by 782.6%, moving from $34K to $304K. Total assets increased by 34.8% over the same period, from $61K to $82K. Total functional expenses rose by 1050.3%, from $22K to $250K. In its most recent filing year (2023), Somerton Tomale Festival Inc reported a surplus of $54K, with revenue exceeding expenses. The organization holds $3K in liabilities against $82K in assets (debt-to-asset ratio: 4.0%), resulting in net assets of $79K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $304K | $250K | $82K | $3K | — | — |
| 2022 | $193K | $194K | $34K | $525 | — | View 990 |
| 2021 | $227K | $210K | $35K | $0 | — | View 990 |
| 2020 | $5K | $52K | $11K | $0 | — | View 990 |
| 2019 | $239K | $260K | $28K | $0 | — | — |
| 2018 | $314K | $319K | $49K | $0 | — | View 990 |
| 2017 | $277K | $284K | $55K | $150 | — | View 990 |
| 2016 | $255K | $288K | $60K | $150 | — | View 990 |
| 2015 | $316K | $289K | $96K | $3K | — | View 990 |
| 2014 | $267K | $275K | $66K | $0 | — | View 990 |
| 2013 | $241K | $228K | $73K | $0 | — | View 990 |
| 2012 | $34K | $22K | $61K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $304K, expenses of $250K, and assets of $82K (revenue +57.4% year-over-year).
- 2022: Revenue of $193K, expenses of $194K, and assets of $34K (revenue -15.1% year-over-year).
- 2021: Revenue of $227K, expenses of $210K, and assets of $35K (revenue +4528.3% year-over-year).
- 2020: Revenue of $5K, expenses of $52K, and assets of $11K (revenue -97.9% year-over-year).
- 2019: Revenue of $239K, expenses of $260K, and assets of $28K (revenue -24.1% year-over-year).
- 2018: Revenue of $314K, expenses of $319K, and assets of $49K (revenue +13.4% year-over-year).
- 2017: Revenue of $277K, expenses of $284K, and assets of $55K (revenue +8.8% year-over-year).
- 2016: Revenue of $255K, expenses of $288K, and assets of $60K (revenue -19.4% year-over-year).
- 2015: Revenue of $316K, expenses of $289K, and assets of $96K (revenue +18.1% year-over-year).
- 2014: Revenue of $267K, expenses of $275K, and assets of $66K (revenue +11.0% year-over-year).
- 2013: Revenue of $241K, expenses of $228K, and assets of $73K (revenue +600.0% year-over-year).
- 2012: Revenue of $34K, expenses of $22K, and assets of $61K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Somerton Tomale Festival Inc:
Data Sources and Methodology
This transparency report for Somerton Tomale Festival Inc 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.