FRIENDS OF LEVITT PAVILION (EIN 260849441) - 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

2007

Principal Officer

LETATIA TEYKL

Phone

8175434307

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF LEVITT PAVILION, founded in 2007, is a community nonprofit in the Recreation & Sports sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 53% from the prior year, signaling strong growth momentum.

Mission

THE FRIENDS OF THE LEVITT PAVILION ARLINGTON'S MISSION IS TO PRESENT FREE CONCERTS AND EVENTS EACH YEAR WITH A BROAD-BASED, REGIONAL, NATIONAL, AND INTERNATIONAL MUSICAL ACTS FROM WORLD MUSIC TO JAZZ AND REGGAE AND COUNTRY. IN 2022, 61,244 PEOPLE ATTENDED CONCERTS IN PERSON WHILE 74,045 WERE ABLE TO LIVESTREAM VIEWS OF ONLINE CONCERTS DUE TO COVID-19 PANDEMIC. LOCATED IN FOUNDERS PLAZA IN THE HEART OF DOWNTOWN ARLINGTON, THE LEVITT PAVILION'S PROGRAMS PROVIDE OUR COMMUNITY WITH ACCESSIBLE GATHERING PLACE FOR FREE MUSIC AND PERFORMING ARTS OPEN TO EVERYONE-ALL AGES, ALL ETHNICITIES, ALL NEIGHBORHOODS AND ALL INCOME LEVELS, ESPECIALLY THOSE FAMILIES WHO COULD NOT AFFORD TO ENJOY AND BENEFIT FROM MUSIC AND THE PERFORMING ARTS IN ANY OTHER WAY. THE LEVITT PAVILION ARLINGTON BRINGS MUSIC AND SPECIAL EVENTS TO ARLINGTON AND THE DFW METROPLEX IN A NEW WAY-FREE AND AVAILABLE TO EVERYONE TO ENJOY UNDER THE STARS. FRIENDS OF THE LEVITT PAVILION ARLINGTON ALSO SUPPORTS OTHER NONPROFITS THROUGH SP

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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 $907,963

Program Service Revenue $299,517

Investment Income $2,914

Other Revenue $25,654

TOTAL REVENUE $1,236,048

Expense Breakdown

Grants Paid $0

Salaries & Benefits $500,831

Fundraising Expenses $81,911

Program Expenses $1,025,852

Other Expenses $769,592

TOTAL EXPENSES $1,270,423

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,236,048	$809,973	+0.5%
Expenses	$1,270,423	$1,188,899	+0.1%
Net Income	$-34,375	$-378,926	-0.9%

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

$139,087

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LETATIA TEYKL	EXECUTIVE DI	40.00	Officer	$131,350	$7,737	$139,087
JANE ALEXANDER	BOARD MEMBER	1.00	Director	$0	$0	$0
KATE BAIRD	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
PAUL CARY	TREASURER	1.00	Officer Director	$0	$0	$0
MARCELLO CAVAZOS	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL FULKS	BOARD MEMBER	1.00	Director	$0	$0	$0
TERESA GAINES	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRY GAINES	BOARD MEMBER	1.00	Director	$0	$0	$0
VICKY HAFER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSH HANKINS	PAST CHAIR	1.00	Officer Director	$0	$0	$0
JOHN HIBBS	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY HIBBS	BOARD MEMBER	1.00	Director	$0	$0	$0
LORI KRETZ	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM MAIBACH	BOARD MEMBER	1.00	Director	$0	$0	$0
RUDY MARTINEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
GRANT MATHEWS	BOARD MEMBER	1.00	Director	$0	$0	$0
CLARK MICHELLE	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM PALMER	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNIE RUSCH	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE RYAN	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE TUTTLE	SECRETARY	1.00	Officer Director	$0	$0	$0
STEPHEN ZIMMER	BOARD MEMBER	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
2024	No data	No data	No data	No data
2023	$1,236,048	$1,270,423	$87,073	$-34,375
2022	$809,973	$1,188,899	$3,962,966	$-378,926
2021	$1,169,883	$1,344,380	$4,552,206	$-174,497
2020	$1,031,496	$831,396	$4,918,436	$200,100
2019	$1,225,628	$767,184	$4,024,055	$458,444
2018	$3,030,234	$908,347	$3,545,509	$2,121,887

FRIENDS OF LEVITT PAVILION