THE LOWELL FESTIVAL FOUNDATION (EIN 042578293) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1974

Legal Domicile

Principal Officer

ARTHUR SUTCLIFFE

Phone

9782751764

Tax Period

2024-05-01 to 2025-04-30

THE LOWELL FESTIVAL FOUNDATION, founded in 1974, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

THE ORGANIZATIONS PRIMARY PURPOSE IS TO ENCOURAGE CHARITABLE, CIVIC AND EDUCATIONAL ACTIVITIES BY BUSINESS AND INDIVIDUALS IN THE CITY OF LOWELL, MASSACHUSETTS THROUGH ENTERTAINMENT AND FESTIVAL ACTIVITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $670,455

Program Service Revenue $905,033

Investment Income $855

Other Revenue $66,417

TOTAL REVENUE $1,642,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $173,888

Fundraising Expenses $91,613

Program Expenses $1,399,172

Other Expenses $1,504,396

TOTAL EXPENSES $1,678,284

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,642,760	$1,824,172	-0.1%
Expenses	$1,678,284	$1,949,382	-0.1%
Net Income	$-35,524	$-125,210	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

1812

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER AUCELLA	TRUSTEE, VIC	15.00	Director	$0	$0	$0
PAULINE GOLEC	TRUSTEE	2.00	Director	$0	$0	$0
HELENE LOISELLE	TRUSTEE, TRE	2.50	Officer Director	$0	$0	$0
JANIS MALISZEWSKI	TRUSTEE, GLO	10.00	Director	$0	$0	$0
JOHN SCANNELL	TRUSTEE	2.00	Director	$0	$0	$0
ARTHUR SUTCLIFFE	TRUSTEE, CHA	15.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$1,642,760	$1,678,284	$768,097	$-35,524
2024	$1,824,172	$1,949,382	$801,125	$-125,210
2023	$1,529,587	$1,552,966	$1,164,927	$-23,379
2022	$1,338,861	$843,592	$1,069,688	$495,269
2021	$126,924	$209,775	$327,770	$-82,851
2020	$1,438,881	$1,531,550	$326,448	$-92,669
2019	$1,745,147	$1,867,300	$646,418	$-122,153

THE LOWELL FESTIVAL FOUNDATION