PERFORMING ARTS ASSOCIATION (EIN 237002828) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1969

Legal Domicile

Principal Officer

LINDA KONIAR

Phone

2519796141

Tax Period

2024-01-01 to 2024-12-31

PERFORMING ARTS ASSOCIATION, founded in 1969, is a small nonprofit in the Arts, Culture & Humanities sector that reported $154K in total revenue in fiscal year 2018. Expenses of $145K left a modest 6% surplus.

Mission

TO PROVIDE FINE ARTS PROGRAMS TO BENEFIT MEMBERS OF THE COMMUNITY AND SURROUNDING AREAS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $36,444

Program Service Revenue $142,048

Investment Income $0

Other Revenue $0

TOTAL REVENUE $178,492

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,711

Fundraising Expenses $0

Program Expenses $140,805

Other Expenses $178,044

TOTAL EXPENSES $247,755

Year-over-Year Comparison

	2024	2023	Change
Revenue	$178,492	$288,793	-0.4%
Expenses	$247,755	$348,877	-0.3%
Net Income	$-69,263	$-60,084	+0.2%

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

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
LINDA KONIAR	TREASURER	2.00	Officer Director	$0	$0	$0
VICKI MOORE	SECRETARY	2.00	Officer Director	$0	$0	$0
ZANA PRICE	BOARD MEMBER	2.00	Director	$0	$0	$0
KELLY CROSBY	BOARD MEMBER	2.00	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
2024	$178,492	$247,755	$50,813	$-69,263
2023	$288,793	$348,877	$131,241	$-60,084
2022	$305,043	$306,970	$194,862	$-1,927
2021	$258,046	$228,658	$189,031	$29,388
2020	$177,314	$156,792	$163,509	$20,522
2019	$162,995	$148,789	$133,794	$14,206
2018	$154,130	$144,670	$118,523	$9,460

PERFORMING ARTS ASSOCIATION