HISTORIC PALACE INC (EIN 161596628) - 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

2000

Legal Domicile

Principal Officer

PHIL CZARNECKI

Phone

7164381130

Tax Period

2023-01-01 to 2023-12-31

HISTORIC PALACE INC, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $904K in total revenue in fiscal year 2023. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 24% operating deficit.

Mission

PRESERVING AND MAINTAINING COMMUNITY HISTORIC THEATRE.

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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 $117,943

Program Service Revenue $647,357

Investment Income $0

Other Revenue $138,339

TOTAL REVENUE $903,639

Expense Breakdown

Grants Paid $0

Salaries & Benefits $284,257

Fundraising Expenses $0

Program Expenses $576,585

Other Expenses $836,674

TOTAL EXPENSES $1,120,931

Year-over-Year Comparison

	2023	2022	Change
Revenue	$903,639	$2,038,484	-0.6%
Expenses	$1,120,931	$1,036,274	+0.1%
Net Income	$-217,292	$1,002,210	-1.2%

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

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
PHIL CZARNECKI	PRESIDENT	N/A	Officer Director	$0	$0	$0
R SCOTT DELUCA	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
SUE GLYNN	TREASURER	N/A	Officer Director	$0	$0	$0
DAWN KEOUGH	SECRETARY	N/A	Officer Director	$0	$0	$0
REBECCA WILSON	DIRECTOR	N/A	Director	$0	$0	$0
LEEMARIE CUSHMAN	DIRECTOR	N/A	Director	$0	$0	$0
MARIETTA SCHRADER	DIRECTOR	N/A	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	$903,639	$1,120,931	$3,365,654	$-217,292
2022	$2,038,484	$1,036,274	$4,212,813	$1,002,210
2021	$1,162,461	$604,047	$3,290,821	$558,414
2020	$490,967	$436,470	$2,775,946	$54,497
2019	$1,142,741	$551,589	$1,927,686	$591,152
2018	$935,804	$603,935	$1,149,383	$331,869

HISTORIC PALACE INC