BEXAR COUNTY PERFORMING ARTS CENTER FDN TOBIN CENTER FOR THE PERFORMING ART (EIN 261517165) - 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

Legal Domicile

Principal Officer

MICHAEL J FRESHER

Phone

2102233333

Tax Period

2024-01-01 to 2024-12-31

BEXAR COUNTY PERFORMING ARTS CENTER FDN TOBIN CENTER FOR THE PERFORMING ART, founded in 2007, is a mid-sized nonprofit in the Education sector that reported $17.7M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $21.7M exceeded revenue, resulting in a 22% operating deficit.

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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 $5,917,207

Program Service Revenue $11,094,079

Investment Income $173,580

Other Revenue $559,031

TOTAL REVENUE $17,743,897

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,226,352

Fundraising Expenses $610,769

Program Expenses $17,762,875

Other Expenses $17,472,215

TOTAL EXPENSES $21,698,567

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,743,897	$15,834,490	+0.1%
Expenses	$21,698,567	$20,648,743	+0.1%
Net Income	$-3,954,670	$-4,814,253	-0.2%

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

106

Volunteers

315

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

$839,929

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL J FRESHER	President & CEO	40.00	Officer	$588,115	$21,611	$609,726
JEFFREY GERRARD LASANTE	VP & CFO	40.00	Officer	$213,840	$16,363	$230,203
RENEE C GARVENS	VP DEVELOPMENT	40.00		$165,312	$14,424	$179,736
CHRISTOPHER W NOVOSAD	VP MARKETING	40.00		$162,500	$11,264	$173,764
BRIAN MOORE	FRMR VP PROGRMNG	40.00		$113,593	$9,182	$122,775
HECTOR GUTIERREZ	TECHNICAL DIR.	40.00		$114,576	$7,811	$122,387
AARON BAYHAM	DIR.-FACILITY OPS	40.00		$104,442	$11,926	$116,368
EVANGELINA G FLORES	Director	1.00	Director	$0	$0	$0
DR ALICE VIROSLAV	PAST CHAIR	8.00	Officer Director	$0	$0	$0
SUSAN FRANKLIN	Director	1.00	Director	$0	$0	$0
PHILLIP D GREEN	Chairman	1.00	Officer Director	$0	$0	$0
TRACY WOLFF	Director	1.00	Director	$0	$0	$0
APRIL ANCIRA	Director	1.00	Director	$0	$0	$0
JANIE BARRERA	Treasurer	1.00	Officer Director	$0	$0	$0
CHARLES BARRETT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL AMINI	Director	1.00	Director	$0	$0	$0
MARY ROSE BROWN	FORMR ASST SECR	1.00	Officer Director	$0	$0	$0
SEYMOUR BATTLE III	Director	1.00	Director	$0	$0	$0
JAMES W CALLAWAY	Director	1.00	Director	$0	$0	$0
RICK CAVENDER	Director	1.00	Director	$0	$0	$0
HEATHER DE ROJAS	Director	1.00	Director	$0	$0	$0
ELIZABETH CRAWFORD	Director	1.00	Director	$0	$0	$0
WINELL HERRON	Director	1.00	Director	$0	$0	$0
VICKI MCLAUGHLIN	Director	1.00	Director	$0	$0	$0
SUSAN NAYLOR SELLERS	Secretary	1.00	Officer Director	$0	$0	$0
J TULLOS WELLS	Director	1.00	Director	$0	$0	$0
THOMAS THILL	Director	1.00	Director	$0	$0	$0
EDWARD STEVES	Director	1.00	Director	$0	$0	$0
SAMUEL G DAWSON	Director	1.00	Director	$0	$0	$0
MARGARET VERA	Director	1.00	Director	$0	$0	$0
J BRUCE BUGG JR	Director	1.00	Director	$0	$0	$0
DR FRANCISCO CIGARROA	Director	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	$17,743,897	$21,698,567	$181,776,456	$-3,954,670
2023	$15,834,490	$20,648,743	$185,696,542	$-4,814,253
2022	$25,008,858	$29,313,025	$185,171,805	$-4,304,167
2021	$19,160,168	$17,060,610	$187,386,472	$2,099,558
2020	$8,087,390	$12,358,160	$183,646,136	$-4,270,770
2019	$12,813,528	$18,114,104	$189,711,704	$-5,300,576
2018	$11,638,410	$16,021,438	$195,780,251	$-4,383,028

BEXAR COUNTY PERFORMING ARTS CENTER FDN TOBIN CENTER FOR THE PERFORMING ART