CELEBRATE HIGHWOOD

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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

2016

Legal Domicile

Principal Officer

ERIC FALBERG

Phone

8476681213

Tax Period

2023-01-01 to 2023-12-31

CELEBRATE HIGHWOOD, founded in 2016, is a small nonprofit in the Recreation & Sports sector that reported $106K in total revenue in fiscal year 2023. Expenses of $165K exceeded revenue, resulting in a 56% operating deficit.

Mission

TO BETTER THE COMMUNITY OF HIGHWOOD BY ORGANZING AND RUNNING HIGHWOOD DAYS, FESTIVALS, AND EVENTS. ALL NET PROFITS RAISED ARE DONATED TO CHARITIES.

Program Service Accomplishments

Program 1

Expenses: $20,500 Revenue: $77,355

HIGHWOOD DAYS IS THE CITY'S OLDEST FESTIVAL. IT INCLUDES carnival rides, games, live, music, and more.

Program 2

Expenses: $10,000 Revenue: $208,729

PUMPKIN FESTIVAL IS HELD IN OCTOBER EACH YEAR. FOOD, CARNIVAL, AND VENDOR DISPLAYS ARE ALL PART OF THE EVENT.

Program 3

Revenue: $50,514

BLOODY MARY FEST IS HELD ON JULY EACH YEAR. TICKET SALES, DRINKS, AND VENDOR DISPLAYS ARE ALL PART OF THE EVENT.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $105,669

TOTAL REVENUE $105,669

Expense Breakdown

Grants Paid $30,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $30,500

Other Expenses $134,396

TOTAL EXPENSES $164,896

Year-over-Year Comparison

	2023	2022	Change
Revenue	$105,669	N/A	N/A
Expenses	$164,896	N/A	N/A
Net Income	$-59,227	N/A	N/A

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
ERIC FALBERG	President & CEO	Officer Director	$0	$0	$0
ALLISON FINK	Secretary	Officer Director	$0	$0	$0
DAVID BERESID	Vice President	Officer Director	$0	$0	$0
CHARLIE PECARO	Treasurer	Officer Director	$0	$0	$0
VINCENT DELUCA	Director	Director	$0	$0	$0
MINDY MOORE	Director	Director	$0	$0	$0
MICHAEL KOENITZ-HUDAC	Director	Director	$0	$0	$0
Valerie Van Roeyen	Director	Director	$0	$0	$0
MICHAEL GOLDSTEIN	Director	Director	$0	$0	$0
Ken Polikov	Director	Director	$0	$0	$0
Mada Ugolini-Hitchmough	Director	Director	$0	$0	$0
Jessica Ortega	Director	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
2024	No data	No data	No data	No data
2023	$105,669	$164,896	$42,279	$-59,227
2022	$112,286	$147,514	$82,307	$-35,228
2021	$215,570	$122,286	$120,415	$93,284
2019	$162,814	$113,419	$39,061	$49,395