Parallel 45 Inc (EIN 262125174) - 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

2008

Legal Domicile

Principal Officer

Erin Whiting

Phone

2316200771

Tax Period

2024-09-01 to 2025-08-31

Parallel 45 Inc, founded in 2008, is a micro nonprofit that reported $10K in total revenue in fiscal year 2024. Revenue fell 78% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2K, a strong 24% operating margin.

Mission

We expect to entertain, encourage critical thought, and inspire through the presentation of theatrical expressions of new works, reinvented classics, and imaginative adaptations for the stage.

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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 $9,580

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $9,580

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $7,245

TOTAL EXPENSES $7,245

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,580	$44,300	-0.8%
Expenses	$7,245	$45,358	-0.8%
Net Income	$2,335	$-1,058	-3.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tracy Magoon	Secretary	5.00	Officer Director	$0	$0	$0
Molly Kuras	Director	2.00	Director	$0	$0	$0
George Cochran	Director	2.00	Director	$0	$0	$0
Erin Whiting	President	5.00	Officer 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	$9,580	$7,245	No data	$2,335
2024	$44,300	$45,358	$2,511	$-1,058
2023	$196,634	$252,884	$73,047	$-56,250
2022	$666,502	$643,199	$104,812	$23,303
2021	$583,287	$666,335	$118,377	$-83,048
2020	$432,696	$432,827	$201,189	$-131
2019	$690,550	$515,887	$236,627	$174,663

Parallel 45 Inc