FINE ARTS DISCOVERY SERIES INC D/B/A SHERMAN THEATER (EIN 232663390) - 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

1991

Legal Domicile

Principal Officer

RICHARD BERKOWITZ

Phone

5704202808

Tax Period

2023-07-01 to 2024-06-30

FINE ARTS DISCOVERY SERIES INC D/B/A SHERMAN THEATER, founded in 1991, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.9M in total revenue in fiscal year 2023.

Mission

TO PROVIDE EDUCATION AND FOSTER AN APPRECIATION OF MUSIC AND THE FINE 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 $128,558

Program Service Revenue $2,349,778

Investment Income $83,460

Other Revenue $298,339

TOTAL REVENUE $2,860,135

Expense Breakdown

Grants Paid $0

Salaries & Benefits $980,065

Fundraising Expenses $98,007

Program Expenses $2,774,375

Other Expenses $2,030,712

TOTAL EXPENSES $3,010,777

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,860,135	$2,725,964	+0.0%
Expenses	$3,010,777	$2,977,321	+0.0%
Net Income	$-150,642	$-251,357	-0.4%

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

105

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

$184,380

Total Directors

$184,380

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD BERKOWITZ	CEO AND BOARD CHAIR	80.00	Officer Director	$111,580	$0	$111,580
CATHARINE BERKOWITZ	OFFICE MANAGER & BOARD TRE	50.00	Officer Director	$72,800	$0	$72,800
ROBERT ROMAGNO SR	VICE BOARD CHAIR	10.00	Director	$0	$0	$0
CHRISTOPHER KEMMERER	SECRETARY	7.00	Director	$0	$0	$0
ANDY WORTHINGTON	BOARD MEMBER	4.00	Director	$0	$0	$0
CHRISTINA CONNOLLY	BOARD MEMBER	4.00	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	$2,860,135	$3,010,777	$3,300,136	$-150,642
2023	$2,725,964	$2,977,321	$3,412,665	$-251,357
2022	$3,998,025	$2,615,344	$3,706,753	$1,382,681
2021	$471,905	$682,550	$2,692,158	$-210,645
2020	$2,280,259	$2,430,995	$2,933,081	$-150,736
2019	$2,494,325	$2,433,951	$2,728,183	$60,374
2018	$2,911,261	$2,943,574	$2,362,916	$-32,313

FINE ARTS DISCOVERY SERIES INC D/B/A SHERMAN THEATER