HIGHLAND PARK, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)RAVINIA FESTIVAL ASSOCIATION, founded in 1936, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $66.2M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $15.0M, a strong 23% operating margin.
RAVINIA IS AN INTERNATIONALLY RENOWNED, NOT-FOR-PROFIT MUSIC FESTIVAL THAT PRESENTS OUTSTANDING PERFORMANCES BY THE WORLD'S GREATEST ARTISTS. RAVINIA'S PRINCIPAL OBJECTIVES ARE: -TO PRESENT PERFORMANCES OF A FULL RANGE OF CLASSICAL MUSIC IN ITS OPEN-AIR PAVILION AND ENCLOSED RECITAL HALLS, BY THE WORLD'S GREATEST COMPOSERS AND MUSICIANS, ALONG WITH A VARIETY OF OTHER KINDS OF CLASSICAL, JAZZ, AND POPULAR MUSIC. -TO MAINTAIN A BEAUTIFUL PARK THAT IS WELCOMING TO ALL AND ATTRACTIVE TO FAMILIES IN WHICH THE MUSIC EXPERIENCE IS ENHANCED BY A BEAUTIFUL ENVIRONMENT AND EXCELLENT DINING OPPORTUNITIES. -TO ENABLE GIFTED YOUNG PERFORMERS TO STUDY UNDER GREAT TEACHERS AND PERFORM IN CONCERT SETTINGS. -AND TO DEVELOP BROADER AND MORE DIVERSE AUDIENCES FOR CLASSICAL MUSIC THROUGH EDUCATION AND ENGAGEMENT PROGRAMS AND BY MAINTAINING AFFORDABLE TICKET PRICES.
FOUNDED IN 1904, RAVINIA IS BOTH THE LONGEST-RUNNING AND THE MOST ARTISTICALLY DIVERSE OUTDOOR MUSIC FESTIVAL IN NORTH AMERICA. APPROXIMATELY 400,000 PEOPLE VISIT RAVINIA BETWEEN JUNE AND SEPTEMBER...
FOUNDED IN 1904, RAVINIA IS BOTH THE LONGEST-RUNNING AND THE MOST ARTISTICALLY DIVERSE OUTDOOR MUSIC FESTIVAL IN NORTH AMERICA. APPROXIMATELY 400,000 PEOPLE VISIT RAVINIA BETWEEN JUNE AND SEPTEMBER EACH YEAR ACROSS MORE THAN 100 SEPARATE EVENTS THAT HIGHLIGHT GENRES AS WIDE-RANGING AS THE AUDIENCES. CLASSICAL MUSIC IS A SPECIAL FOCUS AT RAVINIA DATING BACK TO ITS FIRST CONCERTS, INCLUDING A REGULAR SERIES OF PERFORMANCES BY THE CHICAGO SYMPHONY ORCHESTRA, WHICH HAS FORMALLY BEEN IN SUMMER RESIDENCE AT THE FESTIVAL SINCE 1936.
THE RAVINIA STEANS MUSIC INSTITUTE (RSMI) IS HOME TO ARTISTIC DEVELOPMENT PROGRAMS SOUGHT OUT INTERNATIONALLY BY YOUNG PROFESSIONAL CLASSICAL PIANISTS AND STRING PLAYERS, CLASSICAL SINGERS, AND JAZZ...
THE RAVINIA STEANS MUSIC INSTITUTE (RSMI) IS HOME TO ARTISTIC DEVELOPMENT PROGRAMS SOUGHT OUT INTERNATIONALLY BY YOUNG PROFESSIONAL CLASSICAL PIANISTS AND STRING PLAYERS, CLASSICAL SINGERS, AND JAZZ MUSICIANS DEVOTED TO HONING AND ADVANCING THEIR TALENTS COLLABORATIVELY. EACH SUMMER 65 ARTISTS RECEIVE FULLY PAID FELLOWSHIPS TO ENGAGE IN COACHINGS AND MASTERCLASSES WITH A FACULTY OF LEADING ARTISTS AND SPECIALISTS, LEARN VALUABLE SKILLS NECESSARY FOR SUCCESSFUL ARTISTIC CAREERS, AND PERFORM ON RAVINIA'S BENNETT GORDON HALL STAGE. RSMI PRESENTS ABOUT TWO DOZEN FREE OR LOW-PRICED PERFORMANCES THROUGHOUT THE SUMMER FOR RAVINIA AUDIENCES AND IN LOCAL VENUES. SINCE ITS FOUNDING IN 1988, RSMI HAS SUPPORTED OVER 1,600 EXCEPTIONAL ARTISTS, MANY OF WHOM HAVE CULTIVATED HIGHLY VISIBLE CAREERS IN PERFORMANCE, ARTISTIC LEADERSHIP, AND MUSIC EDUCATION.
RAVINIA'S REACH TEACH PLAY (RTP) PROGRAMS SERVE TENS OF THOUSANDS IN CHICAGO-AREA COMMUNITIES, OPENING DOORS FOR EVERYONE TO ACCESS AND EXPERIENCE THE POSITIVE IMPACT OF LIVE MUSIC. SEVERAL PROGRAMS...
RAVINIA'S REACH TEACH PLAY (RTP) PROGRAMS SERVE TENS OF THOUSANDS IN CHICAGO-AREA COMMUNITIES, OPENING DOORS FOR EVERYONE TO ACCESS AND EXPERIENCE THE POSITIVE IMPACT OF LIVE MUSIC. SEVERAL PROGRAMS EXTEND RAVINIA'S REACH INTO CHICAGO AND LAKE COUNTY PUBLIC SCHOOLS THAT OTHERWISE HAVE LITTLE TO NO MUSIC CURRICULUM OF THEIR OWN, PROVIDING 20,000 STUDENTS WITH LIVE PERFORMANCES AND INTEGRATIVE ACTIVITIES THAT SPARK A LOVE OF MUSIC AND INVITE EXPLORATION OF VARIED GENRES AND STYLES, AS WELL AS PROGRAMS THAT TEACH THE FOUNDATIONS OF MUSIC AND ENCOURAGE CHILDREN TO ENGAGE IN MUSIC-MAKING AND EXPRESS THEMSELVES CREATIVELY. RAVINIA GIVES STUDENTS THE OPPORTUNITY TO PLAY MUSICAL INSTRUMENTS, DEVELOP THEIR TALENTS, AND CREATE PATHWAYS FOR CONTINUED SUCCESS THROUGH A VARIETY OF PROGRAMS, INCLUDING A COMMUNITY FAMILY MUSIC SCHOOL, EL SISTEMA - INSPIRED ORCHESTRAL PROGRAMS THAT FOSTER SOCIAL DEVELOPMENT, AND A MENTORSHIP PROGRAM FOR HIGH SCHOOL JAZZ MUSICIANS. CENTRAL TO RTP'S MISSION OF ACCESS, RAVINIA PROVIDES FREE SUMMER CONCERT PASSES TO THOUSANDS OF COMMUNITY MEMBERS THROUGH PARTNERSHIPS WITH OVER 150 SOCIAL SERVICE AGENCIES, AS WELL AS PUBLIC LIBRARIES AND COMMUNITY MUSIC AND PERFORMING ARTS SCHOOLS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $66,162,557 | $53,451,666 | +0.2% |
| Expenses | $51,187,622 | $48,436,685 | +0.1% |
| Net Income | $14,974,935 | $5,014,981 | +2.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JEFFREY HAYDON | PRESIDENT & CEO | 40.00 |
Officer
Director
|
$632,464 | $64,871 | $697,335 |
| CHRISTOPHER J KLEIN | CHAIRPERSON | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| E SCOTT SANTI | VICE CHAIR | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN B SNYDER JR | TREASURER | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| ILIANA A MORA | SECRETARY | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| JAMES ABRAMS | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| BRADLEY AKASON | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| LARRY A BARDEN | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| HEIDI BELLINGER | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| PAUL F BURTON | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| SHANNON CARSTENS | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| JANE D CASPER | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| JUDY CASTELLINI | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| RICHARD W COLBURN | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| JEFFREY CONDREN | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| ROBERT W CRAWFORD JR | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| ELIZABETH CROWN | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| BOBBIE B DENISON | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| JEANNE M DENISON | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| CHRISTOPHER A DEVENY | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| ANNETTE G DEZELAN | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| ELIZABETH LIZ DOZIER | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| CHRISTOPHER DREWRY | TRUSTEE | 0.50 |
Director
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$0 | $0 | $0 |
| BRUCE ETTELSON | TRUSTEE | 0.50 |
Director
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$0 | $0 | $0 |
| CLIFTON L FENTON | TRUSTEE | 0.50 |
Director
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$0 | $0 | $0 |
| JUSTIN FERDULA | TRUSTEE | 0.50 |
Director
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$0 | $0 | $0 |
| VENITA E FIELDS | TRUSTEE | 0.50 |
Director
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$0 | $0 | $0 |
| NICHOLAS FINK | TRUSTEE | 0.50 |
Director
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$0 | $0 | $0 |
| MARK D GERSTEIN | TRUSTEE | 0.50 |
Director
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$0 | $0 | $0 |
| MICHAEL R GERVASIO | TRUSTEE | 0.50 |
Director
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$0 | $0 | $0 |
| JAMES T GLERUM JR | TRUSTEE | 0.50 |
Director
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$0 | $0 | $0 |
| DOTTIE GORDON | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| JUSTIN GREIS | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| PEDRO A GUERRERO | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| JEFFREY C HAMMES | TRUSTEE | 0.50 |
Director
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$0 | $0 | $0 |
| JON HARRIS | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| DEAN M HARRISON | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| LOUIS HARRISON | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| BETSY HOLDEN | TRUSTEE | 0.50 |
Director
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$0 | $0 | $0 |
| LINDSEY HOLTON | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| ANDREW HOPKINS | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| MICHELE M IHLANFELDT | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| KATHRYN D INGRAHAM | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| RUDY JUAREZ | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| DAVID R KAHNWEILER | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| ALVIN KATZ | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| JOHN W KETT | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| EMILY T KNIGHT | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| LIZ LEFKOFSKY | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| GARY J LEVIN | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| SUSAN C LEVY | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| TOM LUBIN | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| ANDREW S MAROVITZ | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| PAUL E MARTIN | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| SAMIR MAYEKAR | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| PAMELA J MAYO | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| TERA MCBLAINE | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| KENNETH A MEISTER | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| SANDRA CORDOVA MICEK | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| TONI-MARIE MONTGOMERY | TRUSTEE | 0.50 |
Director
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$0 | $0 | $0 |
| MARY MORELAND | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| CHRISTOPHER NOON | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| GARY NOSKIN | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| DANIELA O'LEARY-GILL | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| JAMES ORTH | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| CHRISTOPHER PAQUETTE | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| JULIE PARSONS | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| RICHARD PRICE | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| STEPHEN RAPPIN | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| DANIEL REISNER | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| ANDREW REYES | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| MICHAEL J SACKS | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| RONALD MSASLOW | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| WENDY SCHENKER | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| BRADLEY S SCHMARAK | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| RICHARD L SEVCIK | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| ERIC S SMITH | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| JUD SNYDER | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| AVY H STEIN | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| STEVE STEINMEYER | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| JULIE STONE | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| SHEILA TALTON | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| ANDRES TAPIA | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| KIMBERLEE TAYLOR | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| REV RICHARD L TOLLIVER | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| CRAIG J UMANS | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| AUDREY L WEAVER | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| STEVEN B WEINSTEIN | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| J RANDALL WHITE | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| PEGGY PAPAIOANNOU | CHIEF FINANCIAL OFFICER | 40.00 |
Officer
|
$230,428 | $29,573 | $260,001 |
| GREGORY WALTERS | CHIEF DEVELOPMENT OFFICER | 40.00 |
Highest
|
$288,351 | $54,151 | $342,502 |
| RUSSELL JENKINS | DIRECTOR OF DATA ANALYTICS | 40.00 |
Highest
|
$195,397 | $33,226 | $228,623 |
| ERIK SODERSTROM | SENIOR ARTISTIC PRODUCER | 40.00 |
Highest
|
$194,055 | $32,352 | $226,407 |
| GINA EHRLICH | CHIEF INFORMATION OFFICERS | 40.00 |
Highest
|
$220,000 | $4,576 | $224,576 |
| CHRISTINE TAYLOR | EXECUTIVE DIRECTOR OF EDUCATION AND COMMUNITY ENGA | 40.00 |
Highest
|
$183,349 | $35,254 | $218,603 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $66,162,557 | $51,187,622 | $275,124,452 | $14,974,935 |
| 2023 | $53,451,666 | $48,436,685 | $234,120,611 | $5,014,981 |
| 2022 | $36,727,712 | $44,991,852 | $208,419,459 | $-8,264,140 |
| 2021 | $43,242,885 | $33,778,478 | $230,171,878 | $9,464,407 |
| 2020 | $18,728,942 | $19,623,598 | $204,851,847 | $-894,656 |
| 2019 | $46,893,017 | $49,567,128 | $204,253,277 | $-2,674,111 |
| 2018 | $43,878,808 | $42,285,734 | $208,513,845 | $1,593,074 |
Compare RAVINIA FESTIVAL ASSOCIATION with other nonprofits in Illinois and across the country.