FESTIVAL OF LIGHT INC (EIN 731422395) - 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

1992

Legal Domicile

Principal Officer

ZACK BOWLES

Tax Period

2024-03-01 to 2025-02-28

FESTIVAL OF LIGHT INC, founded in 1992, is a small nonprofit in the Recreation & Sports sector that reported $371K in total revenue in fiscal year 2024. Expenses of $679K exceeded revenue, resulting in a 83% operating deficit.

Mission

TO CONDUCT, MANAGE AND PROMOTE A HOLIDAY LIGHTING PROGRAM ANNUALLY IN THE CITY OF CHICKASHA, OKLAHOMA

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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 $153,340

Program Service Revenue $47,108

Investment Income $5,598

Other Revenue $164,716

TOTAL REVENUE $370,762

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $112,680

Program Expenses $457,497

Other Expenses $679,426

TOTAL EXPENSES $679,426

Year-over-Year Comparison

	2024	2023	Change
Revenue	$370,762	$359,424	+0.0%
Expenses	$679,426	$313,581	+1.2%
Net Income	$-308,664	$45,843	-7.7%

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

335

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ZACK BOWLES	PRESIDENT	N/A	Officer Director	$0	$0	$0
LEWIS KNISLEY	PRESIDENT EL	N/A	Officer Director	$0	$0	$0
DOUG PROULX	PAST PRESIDE	N/A	Officer Director	$0	$0	$0
TOMMY SLEEPER	TREASURER	N/A	Officer Director	$0	$0	$0
JIM COWAN	BOARD MEMBER	N/A	Director	$0	$0	$0
ABBY LAFORGE	BOARD MEMBER	N/A	Director	$0	$0	$0
RICK JOHNSTON	BOARD MEMBER	N/A	Director	$0	$0	$0
CHRIS MOSLEY	BOARD MEMBER	N/A	Director	$0	$0	$0
SCOTT SMITH	BOARD MEMBER	N/A	Director	$0	$0	$0
ERICA ALEXANDER	BOARD MEMBER	N/A	Director	$0	$0	$0
SPENCER WINZENREID	BOARD MEMBER	N/A	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
2026	No data	No data	No data	No data
2025	$370,762	$679,426	$293,419	$-308,664
2024	$359,424	$313,581	$498,578	$45,843
2023	$327,719	$417,427	$463,069	$-89,708
2022	$285,149	$317,969	$453,611	$-32,820
2021	$328,058	$244,270	$485,663	$83,788
2020	$319,744	$176,302	$404,279	$143,442
2019	$101,492	$80,357	$258,521	$21,135

FESTIVAL OF LIGHT INC