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

EIN: 232663390 501(c)(3) Arts, Culture & Humanities

STROUDSBURG, PA

Total Revenue
$2,860,135
Total Expenses
$3,010,777
Total Assets
$3,300,136
Net Assets
$1,545,528
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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
PA
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.

Program Service Accomplishments

Program 1
Expenses: $2,774,375 Revenue: $2,731,633

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%)

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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

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Governance

Voting Members
6
Independent Members
4
Employees
105
Volunteers
50

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
2
$184,380
Total Directors
6
$184,380
Key Employees
0
$0
Highest Compensated
0
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
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