ISLAND STAR PERFORMANCES 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

2007

Legal Domicile

Principal Officer

Kathy LeBrun

Phone

4096834200

Tax Period

2023-10-01 to 2024-09-30

ISLAND STAR PERFORMANCES INC, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $377K in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $537K exceeded revenue, resulting in a 43% operating deficit.

Mission

ORGANIZED FOR CHARITABLE, LITERARY AND/OR EDUCATIONAL PURPOSES, AND RELIEVING THE BURDENS OF GOVERNMENT BY SUPPORTING THE PERFORMING ARTS THROUGH THE PROMOTION AND PRODUCTION OF LIVE MUSICAL AND THEATRICAL PERFORMANCES AND BY OFFERING PERFORMANCE OPPORTUNITIES FOR ASPIRING PERFORMING ARTS PROFESSIONALS, WITH THE INTENTION TO EXPAND BOTH THE QUALITY AND RANGE OF THE PERFORMING ARTS IN THE GALVESTON AREA.

Program Service Accomplishments

Program 1

Expenses: $531,171 Revenue: $334,544

ISLAND STAR PERFORMANCES INC. UNDERTOOK A CHRISTMAS THEMED PERFORMANCE THAT RAN FOR APPROXIMATELY ONE WEEK (12/22/2023 TO 12/30/2023).

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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 $42,000

Program Service Revenue $334,544

Investment Income $0

Other Revenue $0

TOTAL REVENUE $376,544

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $531,171

Other Expenses $537,498

TOTAL EXPENSES $537,498

Year-over-Year Comparison

	2023	2022	Change
Revenue	$376,544	$548,435	-0.3%
Expenses	$537,498	$442,865	+0.2%
Net Income	$-160,954	$105,570	-2.5%

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

N/A

Volunteers

N/A

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

$668,127

Total Directors

$501,510

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN ZENDT	VICE PRESIDENT	1.0	Officer Director	$0	$50,441	$456,158
Kathy LeBrun	VP OF ACCOUNTING	1.0	Officer	$0	$42,217	$166,617
LUIS HERNANDEZ	SECRETARY/TREASURER	1.0	Officer Director	$0	$6,252	$25,852
ALLAN MATTHEWS	President	1.0	Officer Director	$0	$0	$19,500

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	$376,544	$537,498	$266,250	$-160,954
2023	$548,435	$442,865	$217,838	$105,570
2022	$518,578	$486,659	$65,428	$31,919
2021	$49,633	$29,745	$116,505	$19,888
2020	$717,762	$611,244	$200	$106,518
2019	$432,903	$538,831	$597,906	$-105,928
2018	$589,796	$557,038	$62,603	$32,758