FESTIVAL OF LIGHTS

EIN: 842876382 501(c)(3) Recreation & Sports

CARTHAGE, IL

Total Revenue
$259,693
Total Expenses
$205,218
Total Assets
$133,983
Net Assets
$96,623
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
IL
Phone
2173571412
Tax Period
2024-01-01 to 2024-12-31

FESTIVAL OF LIGHTS, founded in 2019, is a small nonprofit in the Recreation & Sports sector that reported $260K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $54K, a strong 21% operating margin.

Mission

THE MISSION OF FESTIVAL OF LIGHTS IS TO PROVIDE A SEASONAL LIGHT DISPLAY FOR THE BENEFIT OF THE CITY OF QUINCY, IL AND SURROUNDING COMMUNITIES

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,500
Program Service Revenue $258,193
Investment Income $0
Other Revenue $0
TOTAL REVENUE $259,693

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $198,361
Other Expenses $205,218
TOTAL EXPENSES $205,218

Year-over-Year Comparison

2024 2023 Change
Revenue $259,693 $290,401 -0.1%
Expenses $205,218 $284,363 -0.3%
Net Income $54,475 $6,038 +8.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
N/A

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
4
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS SNODGRASS BOARD CHAIRMAN 0.00
Officer Director
$0 $0 $0
JAMIE CRENSHAW BOARD VICE CHAIRMAN 0.00
Officer Director
$0 $0 $0
RONALD SMITH SECYTREAS 0.00
Officer Director
$0 $0 $0
ERIC DOOLEY PRESIDENT 0.00
Officer
$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 $259,693 $205,218 $133,983 $54,475
2023 $290,401 $284,363 $81,788 $6,038
Explore More Nonprofits
→Top 100 Nonprofits in Illinois →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare FESTIVAL OF LIGHTS with other nonprofits in Illinois and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.