THE FESTIVAL FOUNDATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

STACEY ISLES

Phone

2319474230

Tax Period

2024-01-01 to 2024-12-31

THE FESTIVAL FOUNDATION, founded in 2007, is a community nonprofit in the Human Services sector that reported $4.8M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

SERVE THE COMMUNITY BY PROVIDING PROGRAMS AND EVENTS THAT CELEBRATE, PROMOTE AND EDUCATE THE COMMUNITY ABOUT CHERRIES AND AGRICULTURE AND THEIR IMPORTANCE TO THE GRAND TRAVERSE REGION, COMMUNITY INVOLVEMENT, VOLUNTEERISM, PATRIOTISM, AND THE HISTORY, ART AND CULTURE OF THE GRAND TRAVERSE REGION.

Program Service Accomplishments

Program 1

Expenses: $3,998,479 Revenue: $3,582,783

THE FESTIVAL FOUNDATION, D/B/A THE NATIONAL CHERRY FESTIVAL ANNUALLY HOSTS AN EIGHT DAY FESTIVAL OF EVENTS TO PROMOTE THE CHERRY AND AGRICULTURE INDUSTRY IN THE GRAND TRAVERSE REGION. EVENTS INCLUDE NIGHTLY LIVE ENTERTAINMENT, THREE PARADES, FOOT RACES, CULINARY AND WINE EVENTS, AIR SHOWS, HORTICULTURAL TOURS, FIREWORKS, CHILDREN'S PROGRAMMING AND HERITAGE RELATED ACTIVITIES. THE FESTIVAL FOUNDATION ALSO HOSTS THE ICEMAN COMETH MOUNTAIN BIKE RACE ANNUALLY, AS WELL AS OTHER EVENTS WHICH SUPPORT AND PROMOTE THE GRAND TRAVERSE REGION.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $187,559

Program Service Revenue $3,831,048

Investment Income $33,005

Other Revenue $736,696

TOTAL REVENUE $4,788,308

Expense Breakdown

Grants Paid $24,225

Salaries & Benefits $808,674

Fundraising Expenses $0

Program Expenses $3,998,479

Other Expenses $4,266,060

TOTAL EXPENSES $5,098,959

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,788,308	$5,362,646	-0.1%
Expenses	$5,098,959	$5,338,700	0.0%
Net Income	$-310,651	$23,946	-14.0%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

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

$138,463

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE MEINDERTSMA	PRESIDENT	2.00	Officer Director	$0	$0	$0
STACEY ISLES	IMMEDIATE PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
KELLI MENGEBIER	SECRETARY	2.00	Officer Director	$0	$0	$0
JESSICA ALPERS	BOARD MEMBER	2.00	Director	$0	$0	$0
IAN HOLLANDS	BOARD MEMBER	2.00	Director	$0	$0	$0
NICOLETTE SCHWEITZER	BOARD MEMBER	2.00	Director	$0	$0	$0
KEVIN SEVERT	BOARD MEMBER	2.00	Director	$0	$0	$0
DOUG DOWDY	BOARD MEMBER	2.00	Director	$0	$0	$0
KANDACE CHAPPLE	BOARD MEMBER	2.00	Director	$0	$0	$0
BRIAN BEAUCHAMP	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN LYNCH	EX-OFFICIO	2.00	Director	$0	$0	$0
KATHLEEN PAYE	EXECUTIVE DIRECTOR	40.00	Officer	$132,508	$5,955	$138,463

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	No data	No data	No data	No data
2024	$4,788,308	$5,098,959	$1,485,704	$-310,651
2023	$5,362,646	$5,338,700	$1,390,242	$23,946
2022	$4,565,069	$4,338,645	$1,466,611	$226,424
2021	$2,322,216	$2,092,005	$1,368,579	$230,211
2020	$357,740	$858,923	$1,522,335	$-501,183
2019	$4,047,608	$3,840,702	$1,469,219	$206,906
2018	$3,029,381	$3,020,085	$853,685	$9,296