PERFORMA INC (EIN 201286572) - 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

2004

Legal Domicile

Principal Officer

ROSELEE GOLDBERG

Phone

2123665700

Tax Period

2023-07-01 to 2024-06-30

PERFORMA INC, founded in 2004, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $2.6M exceeded revenue, resulting in a 35% operating deficit.

Mission

THE ORGANIZATION IS DEDICATED TO EXPLORING THE ROLE OF LIVE PERFORMANCE IN TWENTIETH CENTURY ART HISTORY AND ENCOURAGING NEW DIRECTIONS OF LIVE PERFORMANCE FOR THE TWENTY-FIRST CENTURY THROUGH VARIOUS SHOWS AND EXHIBITIONS.

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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 $1,108,388

Program Service Revenue $143,908

Investment Income $56,503

Other Revenue $631,827

TOTAL REVENUE $1,940,626

Expense Breakdown

Grants Paid $0

Salaries & Benefits $492,554

Fundraising Expenses $407,925

Program Expenses $1,137,667

Other Expenses $2,136,488

TOTAL EXPENSES $2,629,042

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,940,626	$3,014,785	-0.4%
Expenses	$2,629,042	$1,830,380	+0.4%
Net Income	$-688,416	$1,184,405	-1.6%

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

$83,334

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHERINE BISHOP	PRESIDENT	2.00	Director	$0	$0	$0
ROYA SACHS	BOARD MEMBER	2.00	Director	$0	$0	$0
RONALD GUTTMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
JEANNE GREENBERG ROHATYN	BOARD MEMBER	2.00	Director	$0	$0	$0
WENDY FISHER	BOARD MEMBER	2.00	Director	$0	$0	$0
ASHLEY STEWART RODDER	BOARD MEMBER	2.00	Director	$0	$0	$0
SHIRIN NESHAT	BOARD MEMBER	2.00	Director	$0	$0	$0
ROSELEE GOLDBERG	FOUNDING DIRECTOR	40.00	Director	$83,334	$0	$83,334
RASHID JOHNSON	CHAIR	2.00	Officer Director	$0	$0	$0
RICHARD CHANG	PRESIDENT EMERITUS	2.00	Officer Director	$0	$0	$0
BARBARA HOFFMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
KARA ROSS	BOARD MEMBER	2.00	Director	$0	$0	$0
JULIA FOWLER	TREASURER	2.00	Director	$0	$0	$0
ANDREA FRANCHINI	BOARD MEMBER	2.00	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	$1,924,671	$2,712,967	$779,269	$-788,296
2024	$1,940,626	$2,629,042	$873,849	$-688,416
2023	$2,779,202	$1,808,286	$1,427,264	$970,916
2023	$3,014,785	$1,830,380	$1,632,212	$1,184,405
2022	$1,895,743	$2,406,156	$522,855	$-510,413
2021	$1,502,560	$1,114,958	$551,666	$387,602
2021	$1,742,139	$1,446,950	$626,972	$295,189
2020	$2,242,972	$2,554,109	$322,016	$-311,137
2019	$1,019,364	$1,318,985	$392,094	$-299,621
2018	$2,365,279	$2,393,478	$643,842	$-28,199

PERFORMA INC