Chicago Humanities Festival (EIN 367148236) - Form 990 Financial Analysis & Trantor Score

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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

1996

Legal Domicile

Principal Officer

Heather McWilliams

Phone

3126058444

Tax Period

2024-03-01 to 2025-02-28

CHICAGO HUMANITIES FESTIVAL, founded in 1996, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.3M in total revenue in fiscal year 2017. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $3.7M left a modest 14% surplus.

Mission

To promote public appreciation, understanding and support of the humanities through festivals and educational 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,316,875

Program Service Revenue $946,289

Investment Income $48,300

Other Revenue $-139,286

TOTAL REVENUE $4,172,178

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,887,292

Fundraising Expenses $925,224

Program Expenses $4,056,696

Other Expenses $2,678,642

TOTAL EXPENSES $5,565,934

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,172,178	$3,666,678	+0.1%
Expenses	$5,565,934	$4,823,357	+0.2%
Net Income	$-1,393,756	$-1,156,679	+0.2%

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

500

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

$298,454

Total Directors

$298,454

Key Employees

$303,318

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Phillip Bahar	Executive Director	40.00	Officer Director	$259,585	$38,869	$298,454
Douglas Jackson	Chair	1.00	Officer Director	$0	$0	$0
John McCarter	Vice Chair	1.00	Officer Director	$0	$0	$0
Scott Smith	Vice Chair	1.00	Officer Director	$0	$0	$0
Charles Calloway	Treasurer	1.00	Officer Director	$0	$0	$0
Cheryl Harris	Director	1.00	Director	$0	$0	$0
Dave Elzinga	Director	1.00	Director	$0	$0	$0
Deborah Telman	Secretary	1.00	Officer Director	$0	$0	$0
Heather McWilliams	Director	1.00	Director	$0	$0	$0
Willard Fraumann	Emeritus Chair	1.00	Director	$0	$0	$0
Michael Green	Co-Creative Director	40.00	Highest	$140,100	$6,638	$146,738
Lauren Pacheco	Co-Creative Director	40.00	Highest	$134,669	$14,906	$149,575
Clark Hulse	Emeritus Chair	1.00	Director	$0	$0	$0
Allegra Biery	Emeritus Chair	1.00	Director	$0	$0	$0
Gabor Balassa	Director	1.00	Director	$0	$0	$0
Shadi Bartsch-Zimmer	Director	1.00	Director	$0	$0	$0
Roderick Branch	Director	1.00	Director	$0	$0	$0
Liz Buchanan	Director	1.00	Director	$0	$0	$0
Erskine Faush	Director	1.00	Director	$0	$0	$0
Suzanne Gignilliat	Director	1.00	Director	$0	$0	$0
Mary Louise Gorno	Director	1.00	Director	$0	$0	$0
Elaine Haydock	Director	1.00	Director	$0	$0	$0
Kamilah Jones	Director	1.00	Director	$0	$0	$0
Raymond McCaskey	Director	1.00	Director	$0	$0	$0
Elizabeth Nolan	Director	1.00	Director	$0	$0	$0
Pradip Patiath	Director	1.00	Director	$0	$0	$0
Meryl Rosen	Director	1.00	Director	$0	$0	$0
Ryan Ruskin	Director	1.00	Director	$0	$0	$0
Anita Sinha	Director	1.00	Director	$0	$0	$0
Grace Stanek	Director	1.00	Director	$0	$0	$0
James Warren	Director	1.00	Director	$0	$0	$0
Jean Berghoff	Director	1.00	Director	$0	$0	$0
Mary Boyer	Director	1.00	Director	$0	$0	$0
Paul Gignilliat	Director	1.00	Director	$0	$0	$0
Christopher Knight	Director	1.00	Director	$0	$0	$0
Karla Scherer	Director	1.00	Director	$0	$0	$0
Marilynn Thoma	Director	1.00	Director	$0	$0	$0
Brittany Pyle	Interim Executive Director	40.00	Key Emp	$104,983	$7,185	$112,168
Devon Nelson	Director of Development	40.00	Key Emp	$162,293	$28,857	$191,150
David Vish	Director of Marketing and Communications	40.00	Highest	$101,607	$7,163	$108,770

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	$4,172,178	$5,565,934	$20,565,598	$-1,393,756
2025	$4,172,178	$5,565,934	$20,565,598	$-1,393,756
2024	$3,666,678	$4,823,357	$19,397,188	$-1,156,679
2023	$2,846,212	$4,325,357	$17,541,990	$-1,479,145
2022	$6,135,727	$3,853,368	$20,433,533	$2,282,359
2021	$4,127,876	$2,940,208	$17,683,139	$1,187,668
2020	$4,629,026	$4,479,308	$14,261,706	$149,718
2020	$4,629,026	$4,479,308	$14,261,706	$149,718
2019	$4,198,770	$3,630,637	$13,722,790	$568,133
2018	$4,318,704	$3,701,806	$13,176,050	$616,898

Chicago Humanities Festival