THE CENTER FOR THE PERFORMING ARTS INC (EIN 203901164) - 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

2006

Legal Domicile

Principal Officer

JEFFREY MCDERMOTT

Phone

3176603373

Tax Period

2024-07-01 to 2025-06-30

THE CENTER FOR THE PERFORMING ARTS INC, founded in 2006, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $14.4M in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.9M, a strong 27% operating margin.

Mission

TO ENGAGE AND INSPIRE THE CENTRAL INDIANA COMMUNITY THROUGH ENRICHING ARTS EXPERIENCES.

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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 $7,644,049

Program Service Revenue $6,451,137

Investment Income $455,386

Other Revenue $-149,862

TOTAL REVENUE $14,400,710

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,882,172

Fundraising Expenses $1,548,168

Program Expenses $7,193,220

Other Expenses $5,655,332

TOTAL EXPENSES $10,537,504

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,400,710	$9,482,568	+0.5%
Expenses	$10,537,504	$8,884,489	+0.2%
Net Income	$3,863,206	$598,079	+5.5%

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

256

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

$506,470

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHLEEN KRUSIE	CHAIRMAN	5.00	Officer Director	$0	$0	$0
JIMMY RAYFORD	VICE CHAIR	5.00	Officer Director	$0	$0	$0
BRIAN URBANSKI	TREASURER	5.00	Officer Director	$0	$0	$0
SHANE HAGEMAN	SECRETARY	5.00	Officer Director	$0	$0	$0
BARBARA BRANIC	BOARD MEMBER	2.00	Director	$0	$0	$0
DAN PHILPOTT	BOARD MEMBER	2.00	Director	$0	$0	$0
YUAN XIAO OU	BOARD MEMBER	2.00	Director	$0	$0	$0
ADAM ARCENEAUX	BOARD MEMBER	2.00	Director	$0	$0	$0
ANN DEE	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN GALLINA	BOARD MEMBER	2.00	Director	$0	$0	$0
NICK HRISOMALOS	BOARD MEMBER	2.00	Director	$0	$0	$0
JAYNE DURING	BOARD MEMBER	2.00	Director	$0	$0	$0
MIKE KUBACKI	BOARD MEMBER	2.00	Director	$0	$0	$0
SOOMIN PARK	BOARD MEMBER	2.00	Director	$0	$0	$0
RON MENCIAS	BOARD MEMBER	2.00	Director	$0	$0	$0
TOM URICK	BOARD MEMBER	2.00	Director	$0	$0	$0
MINTI RAY	BOARD MEMBER	2.00	Director	$0	$0	$0
ELAINE BEDLE	BOARD MEMBER	2.00	Director	$0	$0	$0
BRIAN BURDICK	BOARD MEMBER	2.00	Director	$0	$0	$0
NATALIE ENGLEDOW	BOARD MEMBER	2.00	Director	$0	$0	$0
BAIN FARRIS	BOARD MEMBER	2.00	Director	$0	$0	$0
IRA MAHER	BOARD MEMBER	2.00	Director	$0	$0	$0
ANDRE PORTER	BOARD MEMBER	2.00	Director	$0	$0	$0
CARL BUTLER	BOARD MEMBER	2.00	Director	$0	$0	$0
RYAN DAVIS	BOARD MEMBER	2.00	Director	$0	$0	$0
MIKE HEATON	BOARD MEMBER	2.00	Director	$0	$0	$0
HEATHER HALLIBURTON	BOARD MEMBER	2.00	Director	$0	$0	$0
SHELLY SCHWARZ	BOARD MEMBER	2.00	Director	$0	$0	$0
BOBBY STEVENS	BOARD MEMBER	2.00	Director	$0	$0	$0
JEFF MCDERMOTT	CEO	30.00	Officer	$273,190	$41,472	$314,662
JEFF STEEG	COO	36.00	Officer	$153,901	$37,907	$191,808
MARK TRUETT	VP MARKETING	39.00	Highest	$151,967	$18,723	$170,690
DAN KEMER	VP PRODUCTION	40.00	Highest	$154,285	$41,496	$195,781
RAMONA ADAMS	VP EVENTS	40.00	Highest	$122,831	$21,293	$144,124
STEPHANIE CARTER	VP PEOPLE & CULTURE	38.00	Highest	$113,073	$16,948	$130,021
KENDRA LATTA	VP DEVELOPMENT	28.00	Highest	$107,987	$14,731	$122,718

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	$14,400,710	$10,537,504	$19,160,652	$3,863,206
2024	$9,482,568	$8,884,489	$15,221,449	$598,079
2023	$9,163,052	$8,667,851	$14,265,955	$495,201
2022	$11,638,935	$7,908,971	$14,208,110	$3,729,964
2021	$4,631,898	$4,403,353	$11,269,434	$228,545
2020	$8,123,796	$6,974,577	$10,128,533	$1,149,219
2019	$7,746,266	$7,217,221	$9,032,049	$529,045
2018	$8,641,179	$7,967,667	$6,954,431	$673,512

THE CENTER FOR THE PERFORMING ARTS INC