PERFORMING ARTS FOUNDATION INC

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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

1972

Legal Domicile

Principal Officer

SEAN WRIGHT

Phone

7158420988

Tax Period

2024-07-01 to 2025-06-30

PERFORMING ARTS FOUNDATION INC, founded in 1972, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $15.4M in total revenue in fiscal year 2024. Revenue surged 245% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10.0M, a strong 65% operating margin.

Mission

TO ENRICH LIVES THROUGH DIVERSE CULTURAL EXPERIENCES.

Program Service Accomplishments

Program 1

Expenses: $4,270,484 Revenue: $3,866,100

ORGANIZATION WHOSE PURPOSE IS TO ENRICH LIVES THROUGH DIVERSE CULTURAL EXPERIENCES. THROUGH ITS PROGRAMS, ACTIVITIES, AND SERVICES, AND THOSE OF ITS AFFILIATES, THE FOUNDATION ANNUALLY REACHES OVER 150,000 PEOPLE WITH PERFORMANCES AND INSTRUCTIONAL PROGRAMS. THE FOUNDATION PROGRAMS SERVE SEVENTEEN COUNTIES IN WISCONSIN.

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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 $11,162,726

Program Service Revenue $3,597,156

Investment Income $47,677

Other Revenue $595,559

TOTAL REVENUE $15,403,118

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,855,218

Fundraising Expenses $644,867

Program Expenses $4,270,484

Other Expenses $3,226,310

TOTAL EXPENSES $5,369,438

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,403,118	$4,465,795	+2.4%
Expenses	$5,369,438	$4,210,966	+0.3%
Net Income	$10,033,680	$254,829	+38.4%

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

Volunteers

200

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

$480,540

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD NICKLAUS	PRESIDENT	1.00	Officer Director	$0	$0	$0
KAY GRULING	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GLENDON PETERSON	TREASURER	1.00	Officer Director	$0	$0	$0
SHANNA FINK	SECRETARY	1.00	Officer Director	$0	$0	$0
JORDAN BAKER	DIRECTOR	0.25	Director	$0	$0	$0
PATER GAFFANEY	DIRECTOR	0.25	Director	$0	$0	$0
RICK BEESE	DIRECTOR	0.25	Director	$0	$0	$0
MICHAEL LOY	DIRECTOR	0.25	Director	$0	$0	$0
TRACY HOUGUM	DIRECTOR	0.25	Director	$0	$0	$0
KANDACE ELMERGREEN	DIRECTOR	0.25	Director	$0	$0	$0
MUKERJI RIDHWI	DIRECTOR	0.25	Director	$0	$0	$0
SEAN WRIGHT	EXECUTIVE DIRECTOR	40.00	Officer	$259,500	$27,005	$286,505
MERRY LITTLE	DIR. OF FINANCE	40.00	Officer	$69,967	$293	$70,260
OLIVIA HILL	ASSOCIATE DIRECTOR	40.00	Officer	$123,775	$0	$123,775

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	$15,403,118	$5,369,438	$16,484,642	$10,033,680
2024	$4,465,795	$4,210,966	$6,341,604	$254,829
2023	$3,461,209	$3,323,711	$5,490,124	$137,498
2022	$5,066,834	$3,249,115	$4,813,821	$1,817,719
2022	$5,080,244	$3,252,525	$4,813,821	$1,827,719
2021	$1,780,439	$1,432,022	$3,701,601	$348,417
2020	$2,598,770	$2,173,675	$2,793,768	$425,095
2019	$2,717,926	$2,545,052	$2,382,223	$172,874
2018	$2,812,319	$2,548,395	$1,832,421	$263,924