PERFORMING ARTS SCHOOL OF WORCESTER INC (EIN 042470999) - 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

1966

Legal Domicile

Principal Officer

KEVIN J MAGUIRE JR

Phone

5082819976

Tax Period

2022-07-01 to 2023-06-30

PERFORMING ARTS SCHOOL OF WORCESTER INC, founded in 1966, is a small nonprofit in the Arts, Culture & Humanities sector that reported $311K in total revenue in fiscal year 2022. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $356K exceeded revenue, resulting in a 15% operating deficit.

Mission

MUSIC/ORCHESTRAL INSTRUCTION/PERFORMANCE

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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 (2022)

Revenue Breakdown

Contributions & Grants $88,902

Program Service Revenue $160,650

Investment Income $2,601

Other Revenue $58,830

TOTAL REVENUE $310,983

Expense Breakdown

Grants Paid $12,900

Salaries & Benefits $165,154

Fundraising Expenses $3,275

Program Expenses $308,337

Other Expenses $178,114

TOTAL EXPENSES $356,168

Year-over-Year Comparison

	2022	2021	Change
Revenue	$310,983	$268,762	+0.2%
Expenses	$356,168	$243,917	+0.5%
Net Income	$-45,185	$24,845	-2.8%

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

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

$72,189

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ZAIDI BARRETO	DIRECTOR	2.00	Director	$0	$0	$0
BRITA OUTZEN	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS RYAN	DIRECTOR	2.00	Director	$0	$0	$0
LAKSHMI SRINIVASAN	DIRECTOR	2.00	Director	$0	$0	$0
DOUGLAS WEEKS	DIRECTOR	2.00	Director	$0	$0	$0
FRANCIS MCCONVILLE	CHAIR	2.00	Officer	$0	$0	$0
KEVIN J MAGUIRE JR	TREASURER	2.00	Officer	$0	$0	$0
SARA HUBBARD	SECRETARY	2.00	Officer	$0	$0	$0
JONATHAN BRENNAND	EXECUTIVE DIRECTOR	20.00	Officer	$72,189	$0	$72,189

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	No data	No data	No data	No data
2023	$310,983	$356,168	$304,561	$-45,185
2022	$268,762	$243,917	$321,381	$24,845
2021	$245,844	$226,105	$318,180	$19,739
2021	$245,844	$226,105	$318,180	$19,739
2020	$261,206	$247,834	$296,493	$13,372
2019	$257,984	$210,075	$269,039	$47,909
2018	$261,473	$245,701	$211,665	$15,772

PERFORMING ARTS SCHOOL OF WORCESTER INC