PARAMOUNT CENTER INC (EIN 222528303) - 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

1984

Legal Domicile

Principal Officer

ERIC MALLETTE

Phone

8027750570

Tax Period

2023-07-01 to 2024-06-30

PARAMOUNT CENTER INC, founded in 1984, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $2.3M left a modest 14% surplus.

Mission

Operated a community based performing arts center through production of a wide variety of theatrical performances and provided the theatre facility for use by other community organizations to provide education and increased exposure to the performing 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 (2023)

Revenue Breakdown

Contributions & Grants $588,541

Program Service Revenue $1,929,663

Investment Income $141,212

Other Revenue $22,084

TOTAL REVENUE $2,681,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $441,781

Fundraising Expenses $50,081

Program Expenses $1,720,149

Other Expenses $1,873,659

TOTAL EXPENSES $2,315,440

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,681,500	$1,983,496	+0.4%
Expenses	$2,315,440	$1,801,763	+0.3%
Net Income	$366,060	$181,733	+1.0%

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

120

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

$112,672

Total Directors

$112,672

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Eric Mallette	Executive Dir.	40.00	Officer Director	$112,672	$0	$112,672
Robert Baird	President	1.25	Officer Director	$0	$0	$0
Mark Foley Jr	Director	1.25	Director	$0	$0	$0
Michelle Lord	Director	1.25	Director	$0	$0	$0
Christopher Heald	Treasurer	1.25	Officer Director	$0	$0	$0
Dave Williams	Secretary	1.25	Officer Director	$0	$0	$0
Charles Coughlin	Director	1.25	Director	$0	$0	$0
Laurie Mecier-Brochu	Vice President	1.25	Officer Director	$0	$0	$0
Jack Facey	Director	1.25	Director	$0	$0	$0
Shannon Maass	Director	1.25	Director	$0	$0	$0
Patricia Cuddy	Director	1.25	Director	$0	$0	$0
John Berryhill	Director	1.25	Director	$0	$0	$0
Caitlin Perry	Director	1.25	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	$2,681,500	$2,315,440	$5,017,673	$366,060
2023	$1,983,496	$1,801,763	$4,914,886	$181,733
2022	$2,634,651	$1,410,573	$4,350,370	$1,224,078
2021	$1,048,277	$827,033	$3,207,888	$221,244
2020	$1,854,560	$1,588,165	$2,814,048	$266,395
2019	$1,728,476	$1,782,888	$2,351,468	$-54,412

PARAMOUNT CENTER INC