VALPARAISO COMMUNITY FESTIVALS AND EVENT

EIN: 351641452

VALPARAISO, IN

Total Revenue
$833,423
Total Expenses
$904,203
Total Assets
$438,997
Net Assets
$390,587
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
IN
Principal Officer
FRANK KUSBEL
Phone
2194648332
Tax Period
2024-01-01 to 2024-12-31

VALPARAISO COMMUNITY FESTIVALS AND EVENT, founded in 1995, is a small nonprofit that reported $833K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

TO PROMOTE CIVIC AND CHARITABLE WORK. IN FURTHERANCE OF SUCH, AND CONSISTENT WITH CHARITABLE MEANS AND FOR THE GENERAL PUBLIC INTEREST AND BENEFIT, TO ORGANIZE, PROMOTE, ADMINISTER AND SPONSOR EVENTS IN THE CITY OF VALPARAISO; TO PUBLICIZE, COORDINATE AND DIRECT ALL ACTIVITIES OF SUCH AN EVENT; AND TO PROMOTE VALPARAISO, ITS DOWNTOWN, AND SURROUNDING AREAS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $387,371
Program Service Revenue $423,494
Investment Income $14,233
Other Revenue $8,325
TOTAL REVENUE $833,423

Expense Breakdown

Grants Paid $7,000
Salaries & Benefits $234,442
Fundraising Expenses $38,083
Program Expenses $685,950
Other Expenses $662,761
TOTAL EXPENSES $904,203

Year-over-Year Comparison

2024 2023 Change
Revenue $833,423 $920,381 -0.1%
Expenses $904,203 $940,689 0.0%
Net Income $-70,780 $-20,308 +2.5%
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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Governance

Voting Members
14
Independent Members
14
Employees
4
Volunteers
400

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
5
$85,171
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KELLY ANTHONY VICE CHAIR 1.00
Officer Director
$0 $0 $0
ED DYKES BOARD MEMBER 1.00
Director
$0 $0 $0
JERI PAT GABBERT BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL LIPP BOARD MEMBER 1.00
Director
$0 $0 $0
DON RAPLEY EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
CATHY BROWN BOARD MEMBER 1.00
Director
$0 $0 $0
AARON INGRAM BOARD MEMBER 1.00
Director
$0 $0 $0
TOM ROWLAND TREASURER 1.00
Officer Director
$0 $0 $0
LORI SIMON BOARD MEMBER 1.00
Director
$0 $0 $0
DOUG MOGCK PAST CHAIR 1.00
Director
$0 $0 $0
GEORGE DJUROVIC BOARD MEMBER 1.00
Director
$0 $0 $0
LYNN GRALIK SECRETARY 1.00
Officer Director
$0 $0 $0
FRANK KUSBEL CHAIR 1.00
Officer Director
$0 $0 $0
DAN MCGUIRE BOARD MEMBER 1.00
Director
$0 $0 $0
KATHERINE ABEL EXECUTIVE DIRECTOR 40.00
Officer
$77,308 $7,863 $85,171
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
2024 $833,423 $904,203 $438,997 $-70,780
2023 $920,381 $940,689 $514,697 $-20,308
2022 $895,197 $817,225 $555,709 $77,972
2021 $842,790 $682,083 $412,740 $160,707
2020 $398,013 $499,603 $300,927 $-101,590
2019 $980,538 $973,937 $399,358 $6,601
2018 $975,140 $918,221 $364,230 $56,919
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