PERFORMING ARTS CENTER OF KEY WEST INC (EIN 201681971) - 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

Principal Officer

ANN REYNOLDS

Phone

3052961520

Tax Period

2023-07-01 to 2024-06-30

PERFORMING ARTS CENTER OF KEY WEST INC, founded in 2002, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $958K left a modest 10% surplus.

Mission

TO PROVIDE PERFORMING ARTS TO THE FLORIDA KEYS.

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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 $343,821

Program Service Revenue $699,545

Investment Income $21,936

Other Revenue $0

TOTAL REVENUE $1,065,302

Expense Breakdown

Grants Paid $0

Salaries & Benefits $213,431

Fundraising Expenses $63,139

Program Expenses $816,285

Other Expenses $744,283

TOTAL EXPENSES $957,714

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,065,302	$959,964	+0.1%
Expenses	$957,714	$984,364	0.0%
Net Income	$107,588	$-24,400	-5.4%

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

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

$87,999

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM CLEMENTS	DIRECTOR	0.00	Director	$0	$0	$0
MATTHEW RAWLS	EXECUTIVE DIRECTOR (FORMER	50.00	Director	$87,999	$0	$87,999
RICHARD HATCH	DIRECTOR	0.00	Director	$0	$0	$0
BOBBY HIGHSMITH	DIRECTOR	0.00	Director	$0	$0	$0
BRYAN GREEN	TREASURER	2.00	Officer	$0	$0	$0
ANN REYNOLDS	PRESIDENT	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	No data	No data	No data	No data
2024	$1,065,302	$957,714	$934,769	$107,588
2023	$959,964	$984,364	$912,407	$-24,400
2022	$847,701	$716,945	$805,054	$130,756
2021	$342,579	$332,542	$730,607	$10,037
2020	$752,730	$961,154	$712,484	$-208,424
2019	$1,067,655	$972,164	$923,214	$95,491
2018	$922,715	$910,443	$793,031	$12,272

PERFORMING ARTS CENTER OF KEY WEST INC