PARALLEL EXIT INC (EIN 208728956) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

MATTHEW MENENDEZ

Phone

9174077537

Tax Period

2023-01-01 to 2023-12-31

PARALLEL EXIT INC, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $123K in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $147K exceeded revenue, resulting in a 19% operating deficit.

Mission

PROVIDES PROGRAMS IN SCHOOLS AND FOR CHILDREN IN THE ART OF PHYSICAL THEATRE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $80,759

Program Service Revenue $42,111

Investment Income $0

Other Revenue $0

TOTAL REVENUE $122,870

Expense Breakdown

Grants Paid $0

Salaries & Benefits $45,066

Fundraising Expenses $0

Program Expenses $141,533

Other Expenses $101,673

TOTAL EXPENSES $146,739

Year-over-Year Comparison

	2023	2022	Change
Revenue	$122,870	$237,827	-0.5%
Expenses	$146,739	$227,825	-0.4%
Net Income	$-23,869	$10,002	-3.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW MENENDEZ	PRESIDENT	5.00	Officer Director	$0	$0	$0
KEN BANTA	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ANITA GIRDHARI	DIRECTOR	2.00	Officer Director	$0	$0	$0
SHARON GURWTZ	FINANCIAL ADVISOR	2.00	Officer Director	$0	$0	$0
MARK LONERGAN	ARTISTIC DIRECTOR	10.00	Director	$0	$0	$0
SUCHAN VODOOR	DIRECTOR	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$122,870	$146,739	$29,943	$-23,869
2022	$237,827	$227,825	$43,690	$10,002
2022	$270,865	$260,286	$53,811	$10,579

PARALLEL EXIT INC