PRESCOTT PARK ARTS FESTIVAL 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

1983

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

PRESCOTT PARK ARTS FESTIVAL INC, founded in 1983, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $1.7M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROVIDE QUALITY FAMILY ENTERTAINMENT, PROMOTE ARTISTIC EXCELLENCE IN THE COMMUNITY AND MAINTAIN QUALITY PRESENTATIONS OF BOTH ENTERTAINMENT AND EDUCATIONAL EVENTS.

Program Service Accomplishments

Program 1

Expenses: $870,549

ANNUAL SUMMER PRODUCTIONS OF MUSICAL PLAYS, CONCERTS AND OTHER ARTS EVENTS.

Program 2

Expenses: $42,006

YOUTH THEATER PROGRAM AS AN EDUCATIONAL SUMMER CAMP.

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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 $781,820

Program Service Revenue $108,450

Investment Income $15,354

Other Revenue $534,231

TOTAL REVENUE $1,439,855

Expense Breakdown

Grants Paid $0

Salaries & Benefits $601,650

Fundraising Expenses $0

Program Expenses $912,555

Other Expenses $1,060,539

TOTAL EXPENSES $1,662,189

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,439,855	$1,952,136	-0.3%
Expenses	$1,662,189	$1,506,603	+0.1%
Net Income	$-222,334	$445,533	-1.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIAH MORGAN	DIRECTOR	2.00	Director	$0	$0	$0
AMANDA MCSHARRY	DIRECTOR	2.00	Director	$0	$0	$0
RACHAEL DI LORENZO	DIRECTOR	2.00	Director	$0	$0	$0
ELISABETH POLLOCK	DIRECTOR	2.00	Director	$0	$0	$0
CLAUDETTE BARKER	DIRECTOR	2.00	Director	$0	$0	$0
JACOB LEVENSON	DIRECTOR	2.00	Director	$0	$0	$0
JOHN BOHENKO	DIRECTOR	2.00	Director	$0	$0	$0
ELISABETH ROBINSON	CO VICE CHAIR	3.00	Officer Director	$0	$0	$0
JOHN TABOR	CHAIR	4.00	Officer Director	$0	$0	$0
TYLER GOODWIN	SECRETARY	3.00	Officer Director	$0	$0	$0
MICHAEL HARRISON	CO VICE CHAIR	3.00	Officer Director	$0	$0	$0
KEN BELLEVUE	TEASURER	3.00	Officer	$0	$0	$0
COURTNEY PERKINS	EXECUTIVE DIRECTOR	40.00	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	No data	No data	No data	No data
2023	$1,439,855	$1,662,189	$1,672,434	$-222,334
2022	$1,952,136	$1,506,603	$1,888,269	$445,533
2021	$1,182,757	$1,100,736	$1,440,410	$82,021
2020	$554,516	$639,363	$1,351,154	$-84,847