FRANKLIN PERFORMING ARTS COMPANY INC

EIN: 043111745 501(c)(3) Arts, Culture & Humanities

FRANKLIN, MA

Total Revenue
$635,325
Total Expenses
$842,350
Total Assets
$535,938
Net Assets
$-154,694
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
MA
Principal Officer
RAYE LYNN MERCER
Phone
5085288668
Tax Period
2023-01-01 to 2023-12-31

FRANKLIN PERFORMING ARTS COMPANY INC, founded in 1991, is a small nonprofit in the Arts, Culture & Humanities sector that reported $635K in total revenue in fiscal year 2023. Expenses of $842K exceeded revenue, resulting in a 33% operating deficit.

Mission

FPAC is an Equity Small Professional Theater organization. FPAC supports educational arts experiences, quality entertainment, and outstanding performance opportunities for professional and emerging artists, amateur performers, and students of the arts.

Program Service Accomplishments

Program 1
Expenses: $224,045 Revenue: $0

THREE MUSICAL PERFORMANCES,ONE BALLET AND TWO PLAYS WERE PRODUCED. THESE PERFORMANCES BENEFITTED APPROXIMATELY 5,000 PATRONS AND 250 ARTISTS.

Program 2
Expenses: $547,414 Revenue: $0

THIRTY-ONE MUSICAL PERFORMANCES WERE PRESENTED. THESE CONCERTS BENEFITTED APPROXIMATELY 3,600 PATRONS AND FEATURED APPROXIMATELY 200 ARTISTS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $192,175
Program Service Revenue $390,395
Investment Income $4,060
Other Revenue $48,695
TOTAL REVENUE $635,325

Expense Breakdown

Grants Paid $0
Salaries & Benefits $174,466
Fundraising Expenses $42,498
Program Expenses $771,459
Other Expenses $667,884
TOTAL EXPENSES $842,350

Year-over-Year Comparison

2023 2022 Change
Revenue $635,325 $621,812 +0.0%
Expenses $842,350 $723,248 +0.2%
Net Income $-207,025 $-101,436 +1.0%
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

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Liquidity & Cash Position

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

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Governance

Voting Members
8
Independent Members
6
Employees
24
Volunteers
135

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
5
$134,000
Total Directors
9
$134,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAYE LYNN MERCER BUS.MGR - 50 HRS/MONTH 15.00
Officer Director
$0 $0 $134,000
RAYE LYNN MERCER PROD. DIRECTOR-200HRS/PROD 10.00
Officer Director
$0 $0 $0
THOMAS MERCER DIRECTOR - 25 HRS/MONTH 6.00
Director
$0 $0 $0
WILLIAM WEISS DIRECTOR - 15 HRS/MONTH 4.00
Director
$0 $0 $0
TYRICK WILTEZ JONES DIRECTOR - 15 HRS/MONTH 4.00
Officer Director
$0 $0 $0
DAVID PORTER DIRECTOR - 15 HOURS PER MONTH 4.00
Director
$0 $0 $0
WILLIAM BUCCELLA DIRECTOR - 15 HOURS PER MONTH 4.00
Director
$0 $0 $0
ROGER BRESLIN DIRECTOR - 15 HOURS PER MONTH 4.00
Officer Director
$0 $0 $0
LORI WIRKUS DIRECTOR - 15 HOURS PER MONTH 4.00
Officer 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 $635,325 $842,350 $535,938 $-207,025
2022 $621,812 $723,248 $719,709 $-101,436
2021 $911,262 $847,218 $916,825 $64,044
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