Kronos Performing Arts Association (EIN 237444956) - 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

1975

Legal Domicile

Principal Officer

Ann-Marie Daniels

Phone

4157313533

Tax Period

2024-07-01 to 2025-06-30

Kronos Performing Arts Association, founded in 1975, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2024. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 63% operating deficit.

Mission

KRONOS EXISTS TO CREATE, PERFORM, AND PROMOTE MUSIC FROM A GLOBAL PERSPECTIVE THAT RESPONDS TO THE WORLD WE SHARE AND EXPANDS THE UNDERSTANDING OF MUSIC'S ROLE AS A POWERFUL FORCE IN SOCIETY.

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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 $469,819

Program Service Revenue $635,107

Investment Income $39,026

Other Revenue $0

TOTAL REVENUE $1,143,952

Expense Breakdown

Grants Paid $0

Salaries & Benefits $543,077

Fundraising Expenses $163,073

Program Expenses $1,267,079

Other Expenses $1,323,074

TOTAL EXPENSES $1,866,151

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,143,952	$2,944,140	-0.6%
Expenses	$1,866,151	$2,873,016	-0.4%
Net Income	$-722,199	$71,124	-11.2%

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

$149,075

Total Directors

$306,066

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Janet Cowperthwaite	Exec Director	40.00	Officer Director	$112,805	$28,770	$141,575
Mason Dille	Dev Director	40.00		$100,000	$10,905	$110,905
David Harrington	Member	40.00	Director	$108,500	$643	$109,143
Paul Wiancko	Member	22.00	Director	$48,000	$7,348	$55,348
Ann-Marie Daniels	Managing Dir	40.00	Officer	$7,500	$0	$7,500
Drew McCalley	President	6.00	Officer Director	$0	$0	$0
Greg G Minshall	Vice President	2.00	Officer Director	$0	$0	$0
Jeanne Giordano	Secretary	2.00	Officer Director	$0	$0	$0
Priscilla Stoyanof	Treasurer	2.00	Officer Director	$0	$0	$0
Kenneth Foster	Member	2.00	Director	$0	$0	$0
Andrea Lunsford	Member	2.00	Director	$0	$0	$0
Evan Neff	Member	2.00	Director	$0	$0	$0
Vasudevan Panicker	Member	2.00	Director	$0	$0	$0
Alice Wingwall	Member	2.00	Director	$0	$0	$0
Sumiko Ito Allison	Member	2.00	Director	$0	$0	$0
Edward King	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
2025	$1,143,952	$1,866,151	$1,190,384	$-722,199
2024	$2,944,140	$2,873,016	$1,929,921	$71,124
2024	$2,944,139	$2,851,450	$1,957,294	$92,689
2023	$2,993,162	$2,451,113	$2,024,130	$542,049
2022	$2,774,082	$2,302,667	$1,591,460	$471,415
2021	$1,635,399	$1,510,784	$1,161,077	$124,615
2020	$1,961,196	$2,443,593	$863,008	$-482,397
2019	$2,385,167	$2,729,778	$1,154,400	$-344,611

Kronos Performing Arts Association