PALACE CULTURAL ARTS ASSOCIATION (EIN 237456843) - 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

1976

Legal Domicile

Principal Officer

KIRK DETWEILER

Phone

7403832101

Tax Period

2023-07-01 to 2024-06-30

PALACE CULTURAL ARTS ASSOCIATION, founded in 1976, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $1.5M exceeded revenue, resulting in a 11% operating deficit.

Mission

PROVIDE LIVE THEATRICAL AND MUSICAL PRODUCTIONS FOR THE PUBLIC AND TO EXPOSE SCHOOL STUDENTS TO THE PERFORMING ARTS

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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 $435,956

Program Service Revenue $681,457

Investment Income $46,630

Other Revenue $154,789

TOTAL REVENUE $1,318,832

Expense Breakdown

Grants Paid $0

Salaries & Benefits $419,829

Fundraising Expenses $97,750

Program Expenses $1,056,263

Other Expenses $1,048,634

TOTAL EXPENSES $1,468,463

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,318,832	$1,467,559	-0.1%
Expenses	$1,468,463	$1,626,936	-0.1%
Net Income	$-149,631	$-159,377	-0.1%

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

$115,327

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE ANDREWS	DIRECTOR	2.00	Director	$0	$0	$0
DANIEL BRADSHAW	CHAIR	2.00	Officer Director	$0	$0	$0
DREW ELLERKAMP	PAST CHAIR	2.00	Director	$0	$0	$0
KATHY GOODMAN	DIRECTOR	2.00	Director	$0	$0	$0
BARB GREETHAM	DIRECTOR	2.00	Director	$0	$0	$0
RALPH HILL	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JACOB JOHNSTON	DIRECTOR	2.00	Director	$0	$0	$0
DEB LANGDON	DIRECTOR	2.00	Director	$0	$0	$0
TIM ROSTON	TREASURER	2.00	Officer Director	$0	$0	$0
TODD SCHNEIDER	DIRECTOR	2.00	Director	$0	$0	$0
GEORGE SCHRAM	DIRECTOR	2.00	Director	$0	$0	$0
DEB WIDRIG	SECRETARY	2.00	Officer Director	$0	$0	$0
GARY BRANSON	DIRECTOR	2.00	Director	$0	$0	$0
MARK NEVILLE	FINANCIAL MANAGER	40.00	Officer	$38,077	$0	$38,077
KIRK DETWEILER	EXECUTIVE DIRECTOR	40.00	Officer	$77,250	$0	$77,250

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	$1,318,832	$1,468,463	$7,161,848	$-149,631
2023	$1,467,559	$1,626,936	$7,228,462	$-159,377
2022	$1,982,423	$1,403,531	$7,805,540	$578,892
2021	$1,288,776	$655,925	$7,154,166	$632,851
2020	$1,634,836	$1,331,252	$6,267,417	$303,584
2019	$1,232,670	$1,405,309	$5,968,303	$-172,639

PALACE CULTURAL ARTS ASSOCIATION