THE LILAC FESTIVAL INC

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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

1992

Legal Domicile

Principal Officer

DONALD JEFFRIES

Phone

5852798300

Tax Period

2025-01-01 to 2025-12-31

THE LILAC FESTIVAL INC, founded in 1992, is a small nonprofit in the Recreation & Sports sector that reported $200K in total revenue in fiscal year 2025. Revenue fell 82% from the prior year — a significant decline worth monitoring. Expenses of $227K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO CELEBRATE THE ARRIVAL OF SPRING AND THE BEAUTY OF LILACS THROUGH A FREE, FAMILY-FRIENDLY EVENT THAT SHOWCASES LIVE MUSIC, ART, FOOD, AND THE LARGEST COLLECTION OF LILACS IN NORTH AMERICA.

Program Service Accomplishments

Program 1

Expenses: $205,595 Revenue: $200,000

PROMOTION AND SPONSORSHIP OF THE LILAC FESTIVAL WHICH IS A COMMUNITY CELEBRATION THAT DRAWS VISITORS FROM NEAR AND FAR TO ENJOY THE NATURAL BEAUTY OF HIGHLAND PARK AND THE VIBRANT ATMOSPHERE OF THE...

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $200,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $200,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $205,595

Other Expenses $226,809

TOTAL EXPENSES $226,809

Year-over-Year Comparison

	2025	2024	Change
Revenue	$200,000	$1,111,699	-0.8%
Expenses	$226,809	$1,080,763	-0.8%
Net Income	$-26,809	$30,936	-1.9%

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

N/A

Volunteers

N/A

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
DONALD JEFFRIES	CHAIR	0.25	Officer Director	$0	$0	$0
ERIN KIVEL	SECRETARY	0.25	Officer Director	$0	$0	$0
JOSEPH ALESSI	DIRECTOR	0.25	Director	$0	$0	$0
KARA OSIPOVITCH	DIRECTOR	0.25	Director	$0	$0	$0
JEANINE BATTERMANN	TREASURER	0.25	Officer Director	$0	$0	$0
PATRICK MEREDITH	DIRECTOR	0.25	Director	$0	$0	$0
CHRISTOPHER KIRCHMAIER	DIRECTOR	0.25	Director	$0	$0	$0
BARBARA PIERCE	DIRECTOR	0.25	Director	$0	$0	$0
ROBERT KILEY	DIRECTOR	0.25	Director	$0	$0	$0
MARK QUINN	DIRECTOR	0.25	Director	$0	$0	$0
STEVE BARZ	DIRECTOR	0.25	Director	$0	$0	$0
GREG LADUCA	DIRECTOR	0.25	Director	$0	$0	$0
RACHEL LABER PULVINO	DIRECTOR	0.25	Director	$0	$0	$0
KEANA WILLIAMS	DIRECTOR	0.25	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	$200,000	$226,809	$48,713	$-26,809
2024	$1,111,699	$1,080,763	$80,749	$30,936