RAVINIA FESTIVAL ASSOCIATION

EIN: 366002273 501(c)(3) Arts, Culture & Humanities

HIGHLAND PARK, IL

Total Revenue
$66,162,557
Total Expenses
$51,187,622
Total Assets
$275,124,452
Net Assets
$268,895,140
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1936
Legal Domicile
IL
Principal Officer
JEFFREY P HAYDON
Phone
8472665000
Tax Period
2023-10-01 to 2024-09-30

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.

Mission

PRESENT WORLD-CLASS ARTISTS IN CONCERT; PROVIDE EDUCATIONAL, COMMUNITY & PROFESSIONAL PROGRAMS

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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 (2023)

Revenue Breakdown

Contributions & Grants $46,485,399
Program Service Revenue $21,033,028
Investment Income $-1,343,058
Other Revenue $-12,812
TOTAL REVENUE $66,162,557

Expense Breakdown

Grants Paid $0
Salaries & Benefits $17,420,013
Fundraising Expenses $3,322,751
Program Expenses $38,876,732
Other Expenses $33,767,609
TOTAL EXPENSES $51,187,622

Year-over-Year Comparison

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%
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

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Governance

Voting Members
79
Independent Members
78
Employees
879
Volunteers
250

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
6
$957,336
Total Directors
89
$697,335
Key Employees
0
$0
Highest Compensated
5
reported
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
$0 $0 $0
BRUCE ETTELSON TRUSTEE 0.50
Director
$0 $0 $0
CLIFTON L FENTON TRUSTEE 0.50
Director
$0 $0 $0
JUSTIN FERDULA TRUSTEE 0.50
Director
$0 $0 $0
VENITA E FIELDS TRUSTEE 0.50
Director
$0 $0 $0
NICHOLAS FINK TRUSTEE 0.50
Director
$0 $0 $0
MARK D GERSTEIN TRUSTEE 0.50
Director
$0 $0 $0
MICHAEL R GERVASIO TRUSTEE 0.50
Director
$0 $0 $0
JAMES T GLERUM JR TRUSTEE 0.50
Director
$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
$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
$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
$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
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 $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
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