500 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

1956

Legal Domicile

Principal Officer

ROBERT BRYANT

Phone

3179273378

Tax Period

2022-07-01 to 2023-06-30

500 FESTIVAL INC, founded in 1956, is a community nonprofit that reported $5.7M in total revenue in fiscal year 2022. Expenses of $5.4M left a modest 4% surplus.

Mission

THE MISSION OF THE 500 FESTIVAL IS TO PRODUCE LIFE-ENRICHING EVENTS AND PROGRAMS THAT CELEBRATE THE SPIRIT AND LEGACY OF THE INDIANAPOLIS 500 AND FOSTER A POSITIVE IMPACT ON THE CITY OF INDIANAPOLIS AND STATE OF INDIANA.

Program Service Accomplishments

Program 1

Expenses: $4,428,164 Revenue: $4,350,967

THE 500 FESTIVAL:PROMOTE CIVIC AND COMMUNITY PRIDE IN INDIANAPOLIS BY SPONSORING AND PRESENTING EVENTS IN CONNECTION WITH THE ANNUAL INDIANAPOLIS 500 RACE. INCLUDED IN THE EVENTS ARE THE 500 FESTIVAL PARADE, WHICH IS CONDUCTED ANNUALLY BEFORE APPROXIMATELY 300,000 SPECTATORS, A BLACK TIE BALL, AND THE 500 FESTIVAL MINI MARATHON, A 13.1 MILE FOOTRACE OVER THE STREETS OF INDIANAPOLIS WHICH HAS APPROXIMATELY 35,000 PARTICIPANTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $442,783

Program Service Revenue $4,350,967

Investment Income $400,980

Other Revenue $482,871

TOTAL REVENUE $5,677,601

Expense Breakdown

Grants Paid $34,500

Salaries & Benefits $1,972,283

Fundraising Expenses $582,223

Program Expenses $4,428,164

Other Expenses $3,421,070

TOTAL EXPENSES $5,427,853

Year-over-Year Comparison

	2022	2021	Change
Revenue	$5,677,601	$5,772,745	0.0%
Expenses	$5,427,853	$5,188,240	+0.0%
Net Income	$249,748	$584,505	-0.6%

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

1940

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

$642,754

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE ALONSO	DIRECTOR	1.00	Director	$0	$0	$0
DOUG HEATH	DIRECTOR	1.00	Director	$0	$0	$0
MIKE BOATRIGHT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DOUG BOLES	DIRECTOR	1.00	Director	$0	$0	$0
DR JAMES CALLAGHAN	SECRETARY	1.00	Officer Director	$0	$0	$0
PATRICK MCGILL	DIRECTOR	1.00	Director	$0	$0	$0
ERIK MINER	DIRECTOR	1.00	Director	$0	$0	$0
FRED DUFOUR	DIRECTOR	1.00	Director	$0	$0	$0
PHYLLIS FERRELL	DIRECTOR	1.00	Director	$0	$0	$0
SARAH FISHER O'GARA	CHAIR	1.00	Officer Director	$0	$0	$0
JUAN GONZALES	DIRECTOR	1.00	Director	$0	$0	$0
MARTY HILL	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA MOUNGEY	DIRECTOR	1.00	Director	$0	$0	$0
JEFF HOLLEY	TREASURER	1.00	Officer Director	$0	$0	$0
SCOTT BOVE	DIRECTOR	1.00	Director	$0	$0	$0
TROY GILSTORF	DIRECTOR	1.00	Director	$0	$0	$0
SYAM NAIR	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN NALLI	DIRECTOR	1.00	Director	$0	$0	$0
BALI HEIR	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN PASTOOR	DIRECTOR	1.00	Director	$0	$0	$0
JAMES POORE	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE PAULK	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN SAUL	DIRECTOR	1.00	Director	$0	$0	$0
BILL BECK	DIRECTOR	1.00	Director	$0	$0	$0
MARIO RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
SARA TAIT	DIRECTOR	1.00	Director	$0	$0	$0
TANYA SEARCY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN GAUSE	DIRECTOR	1.00	Director	$0	$0	$0
JEFF HARRISON	DIRECTOR	1.00	Director	$0	$0	$0
ROGER HARVEY	DIRECTOR	1.00	Director	$0	$0	$0
ALEESIA JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
JJ NELSON	DIRECTOR	1.00	Director	$0	$0	$0
ROGER VANDERSNICK	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT BRYANT	PRESIDENT & CEO	40.00	Officer	$413,972	$46,385	$460,357
JENNIFER LOWE	SVP ADMINISTRATION	40.00	Officer	$155,324	$27,073	$182,397

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	No data	No data	No data	No data
2023	$5,677,601	$5,427,853	$7,179,179	$249,748
2022	$5,772,745	$5,188,240	$6,763,861	$584,505
2021	$3,808,947	$3,726,766	$7,281,071	$82,181
2020	$3,459,427	$3,344,309	$7,041,307	$115,118
2019	$5,972,112	$6,098,810	$6,000,036	$-126,698
2018	$6,019,372	$6,089,102	$6,304,956	$-69,730