PALACE THEATRE TRUST (EIN 237356019) - 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

1974

Legal Domicile

Principal Officer

PETER RAMSEY

Phone

6036685588

Tax Period

2023-07-01 to 2024-06-30

PALACE THEATRE TRUST, founded in 1974, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.9M in total revenue in fiscal year 2023.

Mission

TO ENRICH THE REGION'S CULTURAL LIFE AND SERVE AS A COMMUNITY RESOURCE THROUGH ITS STEWARDSHIP OF THE HISTORIC PALACE THEATRE. IT DOES SO BY PROVIDING A BROAD RANGE OF LIVE, HIGH QUALITY, PROFESSIONAL AND COMMUNITY PERFORMANCES, AS WELL AS EDUCATIONAL OPPORTUNITIES FOR PERFORMERS AND AUDIENCES OF ALL AGES.

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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 $1,018,274

Program Service Revenue $5,055,952

Investment Income $233,294

Other Revenue $577,798

TOTAL REVENUE $6,885,318

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,802,986

Fundraising Expenses $384,183

Program Expenses $4,801,156

Other Expenses $4,269,190

TOTAL EXPENSES $7,072,176

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,885,318	$6,859,427	+0.0%
Expenses	$7,072,176	$6,470,757	+0.1%
Net Income	$-186,858	$388,670	-1.5%

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

120

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

$266,225

Total Directors

$266,225

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER RAMSEY	CEO	40.00	Officer Director	$225,004	$41,221	$266,225
J MICHAEL PERRELLA	CHAIR	1.00	Officer Director	$0	$0	$0
ATTY DAVID EBY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARK LAPRADE	TREASURER	1.00	Officer Director	$0	$0	$0
DOUG BLAIS	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT BAINES	TRUSTEE	1.00	Director	$0	$0	$0
ERNESTO BURDEN	TRUSTEE	1.00	Director	$0	$0	$0
RON COVEY	TRUSTEE	1.00	Director	$0	$0	$0
SYLVIO DUPUIS	TRUSTEE	1.00	Director	$0	$0	$0
DONNA GAMACHE	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH GRAHAM	TRUSTEE	1.00	Director	$0	$0	$0
BETH HOULIS	TRUSTEE	1.00	Director	$0	$0	$0
ED ITHIER	TRUSTEE	1.00	Director	$0	$0	$0
JOHN MACNEIL	TRUSTEE	1.00	Director	$0	$0	$0
CAMILLE MADDEN	TRUSTEE	1.00	Director	$0	$0	$0
RONALD MARTIN	TRUSTEE	1.00	Director	$0	$0	$0
SHARRON MCCARTHY	TRUSTEE	1.00	Director	$0	$0	$0
JASON MCKINNEY	TRUSTEE	1.00	Director	$0	$0	$0
KATIE MCQUAID COTE	TRUSTEE	1.00	Director	$0	$0	$0
LUCIA A MERRITT	TRUSTEE	1.00	Director	$0	$0	$0
HOLLY MINTZ	TRUSTEE	1.00	Director	$0	$0	$0
NORRI OBERLANDER	TRUSTEE	1.00	Director	$0	$0	$0
ATTY JENNIFER PARENT	TRUSTEE	1.00	Director	$0	$0	$0
MIKE REED	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL SKELTON	TRUSTEE	1.00	Director	$0	$0	$0
SETH WALL	TRUSTEE	1.00	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	$6,885,318	$7,072,176	$19,516,975	$-186,858
2023	$6,859,427	$6,470,757	$17,432,567	$388,670
2022	$8,795,217	$5,959,202	$15,190,873	$2,836,015
2021	$3,596,163	$3,391,471	$14,377,565	$204,692
2020	$4,561,211	$4,707,793	$12,127,067	$-146,582
2019	$5,852,391	$5,161,343	$10,856,560	$691,048
2018	$8,661,826	$4,856,795	$9,349,673	$3,805,031

PALACE THEATRE TRUST