CELEBRATION FOUNDATION 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

1996

Legal Domicile

Principal Officer

KATHLEEN SIPIO

Phone

4075661234

Tax Period

2023-07-01 to 2024-06-30

CELEBRATION FOUNDATION INC, founded in 1996, is a small nonprofit in the Community Improvement sector that reported $940K in total revenue in fiscal year 2023. Revenue surged 95% from the prior year, signaling strong growth momentum. The organization ran a surplus of $367K, a strong 39% operating margin.

Mission

THE CELEBRATION FOUNDATION'S MISSION IS BUILDING BETTER COMMUNITY THROUGH THE ARTS, CULTURE AND EDUCATION. WE SEEK TO BUILD A STRONG AND CARING COMMUNITY BY ENGAGING CITIZENS THROUGH IMPACTFUL PROGRAMS THAT ADDRESS NEEDS AND ENRICH LIVES.

Program Service Accomplishments

Program 1

Expenses: $468,712 Revenue: $211,203

CELEBRATION LIFELONG: GENEROUS VOLUNTEER INSTRUCTORS ARE THE KEY TO CELEBRATION LIFELONG, AN EXTRAORDINARY EDUCATIONAL OPPORTUNITY FOR ADULTS OF ANY AGE TO LIVE IN CELEBRATION OR ITS ENVIRONS...

CELEBRATION LIFELONG: GENEROUS VOLUNTEER INSTRUCTORS ARE THE KEY TO CELEBRATION LIFELONG, AN EXTRAORDINARY EDUCATIONAL OPPORTUNITY FOR ADULTS OF ANY AGE TO LIVE IN CELEBRATION OR ITS ENVIRONS. CELEBRATION LIFELONG MEMBERS ENJOY CLASSES, LECTURES AND CLUBS.CONCERT SERIES:REGARDED AS ONE OF THE BEST IN CENTRAL FLORIDA, THE CONCERT SERIES WAS FOUNDED WITH THE BELIEF THAT GREAT COMMUNITIES DESERVE GREAT MUSIC. THE CONCERT SERIES HONORS CENTRAL FLORIDA TALENT, FEATURES NATIONALLY ACCLAIMED ARTISTS AND PROMOTES ARTS APPRECIATION TO STUDENTS.HOLIDAY HOME TOUR & WINTER WONDERLAND BRINGS MANY SEASONS OF JOY IN DECEMBER TO CELEBRATION AND ITS VISITORS THROUGH DECORATED HOMES AND OUR WINTER WONDERLAND.LEARNING WITHOUT HUNGER IS AN EFFORT TO ELIMINATE CHILDHOOD HUNGER BY PARTNERING WITH OTHER ORGANIZATIONS TO PROVIDE WEEKEND FOOD TO OSCEOLA SCHOOL CHILDREN WITH FOOD INSECURITY.MEMORIAL GARDEN PROVIDES A SPECIAL PLACE FOR CELEBRATION RESIDENTS TO REMEMBER LOVED ONES WHO HAVE PASSED.SCHOLARSHIPS ARE AWARDED TO GRADUATING STUDENTS WHO RESIDE IN CELEBRATION OR ATTEND CELEBRATION HIGH SCHOOL TO ASSIST THEM IN FURTHERING THEIR EDUCATION.THRIVING IN PLACE HELPS CELEBRATION RESIDENT MEMBERS WHO ARE AGING OR LIVING WITH A DISABLILITY REMAIN IN THER HOMES LIVING INDEPENDENT AND ENRICHED LIVES THROUGH VOLUNTEER DRIVEN SERVICES AND SOCIALIZATION OPPORTUNITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $312,177

Program Service Revenue $210,366

Investment Income $416,665

Other Revenue $837

TOTAL REVENUE $940,045

Expense Breakdown

Grants Paid $155,900

Salaries & Benefits $261,854

Fundraising Expenses $19,641

Program Expenses $468,712

Other Expenses $154,921

TOTAL EXPENSES $572,675

Year-over-Year Comparison

	2023	2022	Change
Revenue	$940,045	$481,056	+1.0%
Expenses	$572,675	$411,231	+0.4%
Net Income	$367,370	$69,825	+4.3%

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

325

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

$107,396

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR HAZEL JOHNSON	PRESIDENT	8.00	Officer Director	$0	$0	$0
KATHLEEN CARLSON	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
RAY DI SANZA	TREASURER	4.00	Officer Director	$0	$0	$0
CAROL MCKABA	SECRETARY	1.00	Officer Director	$0	$0	$0
KATHLEEN SIPIO	EXECUTIVE DIRECTOR	40.00	Officer	$107,396	$0	$107,396
TAMI DAYHARSH	DIRECTOR	2.00	Director	$0	$0	$0
DAVE BERELSMAN	DIRECTOR	1.00	Director	$0	$0	$0
VAL HALSEY	DIRECTOR	1.00	Director	$0	$0	$0
CASSANDRA STARKS	DIRECTOR	2.00	Director	$0	$0	$0
PAUL KINSER	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTY MILLER	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY TERRY	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE MURRAY	DIRECTOR	1.00	Director	$0	$0	$0
AMITA SHAH	DIRECTOR	1.00	Director	$0	$0	$0

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	$940,045	$572,675	$2,479,127	$367,370
2023	$481,056	$411,231	$2,274,352	$69,825
2022	$583,798	$459,383	$1,989,325	$124,415
2021	$734,191	$490,220	$2,477,517	$243,971
2020	$763,502	$496,682	$2,042,628	$266,820
2019	$655,852	$569,753	$1,817,013	$86,099