PERKINS CENTER FOR THE ARTS (EIN 222132838) - 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

1977

Legal Domicile

Principal Officer

KAHRA BUSS

Phone

8562356488

Tax Period

2024-07-01 to 2025-06-30

PERKINS CENTER FOR THE ARTS, founded in 1977, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.8M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $1.9M exceeded revenue, resulting in a 11% operating deficit.

Mission

PERKINS CENTER FOR THE ARTS ENRICHES LIVES, INSPIRES LIFE-LONG LEARNING, AND CULTIVATES INTERCULTURAL EXPERIENCES THROUGH THE ARTS.

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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 $786,069

Program Service Revenue $939,856

Investment Income $22,402

Other Revenue $3,082

TOTAL REVENUE $1,751,409

Expense Breakdown

Grants Paid $35,350

Salaries & Benefits $817,063

Fundraising Expenses $144,373

Program Expenses $1,305,593

Other Expenses $1,093,626

TOTAL EXPENSES $1,946,039

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,751,409	$2,079,363	-0.2%
Expenses	$1,946,039	$1,733,680	+0.1%
Net Income	$-194,630	$345,683	-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

259

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

$95,065

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE SMITH	PRESIDENT	1.00	Officer Director	$0	$0	$0
JESSICA SANT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SCOTT MERKLE	TREASURER	1.00	Officer Director	$0	$0	$0
BRENT THOMPSON	SECRETARY	1.00	Officer Director	$0	$0	$0
PROTIMA BANERJEE	BOARD MEMBER	1.00	Director	$0	$0	$0
HOPE HORWITZ	BOARD MEMBER	1.00	Director	$0	$0	$0
SHARON XIAOYUN HOU	BOARD MEMBER	1.00	Director	$0	$0	$0
CLAUDIA MASTROBUONO	BOARD MEMBER	1.00	Director	$0	$0	$0
KATY RESCH	BOARD MEMBER	1.00	Director	$0	$0	$0
MEGAN BALAREZO RICKBORN	BOARD MEMBER	1.00	Director	$0	$0	$0
LYDIA P SHECKELS	BOARD MEMBER	1.00	Director	$0	$0	$0
KEISHA TAYLOR	BOARD MEMBER	1.00	Director	$0	$0	$0
KAHRA BUSS	EXECUTIVE DIRECTOR	40.00	Officer	$94,700	$365	$95,065

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	$1,751,409	$1,946,039	$2,573,678	$-194,630
2024	$2,079,363	$1,733,680	$2,259,041	$345,683
2023	$1,790,780	$1,539,239	$1,593,230	$251,541
2022	$1,432,700	$1,248,488	$1,258,666	$184,212
2021	$1,204,783	$1,060,232	$1,031,474	$144,551
2020	$987,688	$974,521	$787,916	$13,167
2019	$1,125,908	$1,103,028	$576,302	$22,880

PERKINS CENTER FOR THE ARTS