PARAGON RAGTIME ORCHESTRA (EIN 232718251) - 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

2011

Legal Domicile

Principal Officer

LESLIE CULLEN

Phone

5708092325

Tax Period

2024-01-01 to 2024-12-31

PARAGON RAGTIME ORCHESTRA, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $115K in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $130K exceeded revenue, resulting in a 13% operating deficit.

Mission

SUPPORT OF THE ARTS BY ESTABLISING & MAINTAINING A PERFORMING ORGANIZATION FOCUSSING ON RAGTIME MUSIC. ASSOCIATION TO MANAGE AND PROMOTE THE ACTIVITIES OF A WORLD TRAVELING ORCHESTRA. SUPPORT OF THE ARTS BY ESTABLISING AND MAINTAINING A PERFORMING ORGANIZATION FOCUSING ON RAGTIME MUSIC. ASSOCIATION TO MANAGE AND PROMOTE THE ACTIVITIES OF A WORLD TRAVELING ORCHESTRA.

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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 $41,111

Program Service Revenue $73,638

Investment Income $520

Other Revenue $11

TOTAL REVENUE $115,280

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $120,064

Other Expenses $129,976

TOTAL EXPENSES $129,976

Year-over-Year Comparison

	2024	2023	Change
Revenue	$115,280	$77,514	+0.5%
Expenses	$129,976	$71,905	+0.8%
Net Income	$-14,696	$5,609	-3.6%

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

N/A

Volunteers

N/A

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
RICHARD BENJAMIN	ARTISTIC DIR	N/A	Officer Director	$0	$0	$0
LESLIE CULLEN	EXECUTIVE DI	N/A	Officer 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
2024	$115,280	$129,976	$10,052	$-14,696
2023	$77,514	$71,905	$25,214	$5,609
2022	$103,696	$76,995	$31,088	$26,701
2021	$50,249	$49,346	$10,706	$903
2020	$36,393	$21,348	$12,268	$15,045
2019	$115,659	$128,976	$11,128	$-13,317
2018	$77,061	$85,978	$12,628	$-8,917

PARAGON RAGTIME ORCHESTRA