Historic Paramount Theatre Inc (EIN 061672774) - 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

2002

Legal Domicile

Phone

3256769620

Tax Period

2024-04-01 to 2025-03-31

Historic Paramount Theatre Inc, founded in 2002, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $496K, a strong 24% operating margin.

Mission

Our mission is to manage and promote the Historic Paramount Theatre to benefit the citizens of Abilene, Texas and the surrounding area.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,011,420

Program Service Revenue $1,061,716

Investment Income $2,586

Other Revenue $1,173

TOTAL REVENUE $2,076,895

Expense Breakdown

Grants Paid $0

Salaries & Benefits $645,703

Fundraising Expenses $20,305

Program Expenses $1,368,579

Other Expenses $935,226

TOTAL EXPENSES $1,580,929

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,076,895	$1,537,948	+0.4%
Expenses	$1,580,929	$647,059	+1.4%
Net Income	$495,966	$890,889	-0.4%

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

$143,799

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
George Levesque	Executive Director	40.00	Officer	$119,336	$24,463	$143,799
Leah Doty	Director	1.00	Director	$0	$0	$0
Joe Biles	Director	1.00	Director	$0	$0	$0
Bourdon Wooten	Director	1.00	Director	$0	$0	$0
Shelly Sanders	Director	1.00	Director	$0	$0	$0
Mark Zachary	Director	1.00	Director	$0	$0	$0
Casey Hatcher	Director	1.00	Director	$0	$0	$0
Amanda OConnor	Director	1.00	Director	$0	$0	$0
Jay Lester	Director	1.00	Director	$0	$0	$0
Forrest McMillan	Director	1.00	Director	$0	$0	$0
Omar Ortiz	Director	1.00	Director	$0	$0	$0
Andrea Smiddy-Schlagel	Director	1.00	Director	$0	$0	$0
Ronalyn Sutphen	Director	1.00	Director	$0	$0	$0
Lynn Wilkinson	Director	1.00	Director	$0	$0	$0
Jeff Duncan	Past Chair	2.00	Officer	$0	$0	$0
Steve Stovall	Chair	2.00	Officer	$0	$0	$0
Jasmine McCabe-Gossett	Secretary	2.00	Officer	$0	$0	$0
Melody Hunt	Vice Chair	2.00	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
2025	$2,076,895	$1,580,929	$1,490,843	$495,966
2024	$1,537,948	$1,722,007	$1,000,832	$-184,059
2023	$1,349,962	$1,099,836	$1,183,954	$250,126
2022	$972,991	$751,052	$869,981	$221,939
2021	$492,842	$474,377	$641,192	$18,465
2020	$690,998	$654,909	$571,182	$36,089
2019	$626,750	$621,754	$541,063	$4,996

Historic Paramount Theatre Inc