DAVIS PERFORMING ARTS ASSOCIATION DBA CENTERPOINT LEGACY THEATRE (EIN 270197644) - 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

2010

Legal Domicile

Principal Officer

SAME AS C ABOVE

Phone

8012981302

Tax Period

2024-01-01 to 2024-12-31

DAVIS PERFORMING ARTS ASSOCIATION DBA CENTERPOINT LEGACY THEATRE, founded in 2010, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.0M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $4.8M exceeded revenue, resulting in a 20% operating deficit.

Mission

THE MISSION OF CENTERPOINT LEGACY THEATRE IS TO PROVIDE THEATRICAL EXPERIENCES THAT ENGAGE, ENTERTAIN, AND ENRICH THE LIVES OF PATRONS AND PERFORMERS.

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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 $512,957

Program Service Revenue $3,282,412

Investment Income $129,947

Other Revenue $62,653

TOTAL REVENUE $3,987,969

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,993,554

Fundraising Expenses $0

Program Expenses $4,287,834

Other Expenses $2,782,747

TOTAL EXPENSES $4,776,301

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,987,969	$3,441,772	+0.2%
Expenses	$4,776,301	$3,903,495	+0.2%
Net Income	$-788,332	$-461,723	+0.7%

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

509

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

$128,800

Total Directors

$128,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON BURNINGHAM	BOARD MEMBER	0.46	Director	$0	$0	$0
FRED HALE	BOARD MEMBER	1.75	Director	$0	$0	$0
STERLING JENSON	BOARD MEMBER	0.50	Director	$0	$0	$0
DAN LILJENQUIST	BOARD MEMBER	0.96	Director	$0	$0	$0
CLARK WILKINSON	BOARD MEMBER	0.15	Director	$0	$0	$0
JOHN REDD	BOARD MEMBER	0.15	Director	$0	$0	$0
DANIEL INKLEY	EXECUTIVE DIR.	40.00	Officer Director	$128,800	$0	$128,800
PAUL CUTLER	BOARD MEMBER	0.46	Director	$0	$0	$0
SHAWN BEUS	BOARD MEMBER	1.00	Director	$0	$0	$0
KENDALYN HARRIS	BOARD MEMBER	4.00	Director	$0	$0	$0
JAMES AHLSTROM	CHAIRMAN	1.50	Officer Director	$0	$0	$0
MICHELLE FALK	BOARD MEMBER	0.15	Director	$0	$0	$0
TAMI FILLMORE	BOARD MEMBER	0.35	Director	$0	$0	$0
CRIS HOGAN	BOARD MEMBER	0.50	Director	$0	$0	$0
JEN LALLI	BOARD MEMBER	0.67	Director	$0	$0	$0
CLAY MONROE	BOARD MEMBER	2.02	Director	$0	$0	$0
JR MOORE	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
STEVE TERRY	BOARD MEMBER	0.15	Director	$0	$0	$0
STEVE FORSYTH	BOARD MEMBER	1.00	Director	$0	$0	$0
LEE WRIGHT	BOARD MEMBER	0.15	Director	$0	$0	$0
TYLER HANSON	BOARD MEMBER	0.15	Director	$0	$0	$0
KRISTIN HODSON	BOARD MEMBER	0.15	Director	$0	$0	$0
PAUL LILJENQUIST	BOARD MEMBER	0.15	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	$3,987,969	$4,776,301	$5,663,991	$-788,332
2023	$3,441,772	$3,903,495	$6,000,804	$-461,723
2022	$3,759,036	$3,156,523	$5,505,790	$602,513
2021	$3,299,831	$2,279,258	$4,174,799	$1,020,573
2020	$1,587,882	$1,690,938	$2,768,970	$-103,056
2019	$2,971,299	$2,256,121	$3,035,142	$715,178
2018	$2,343,677	$2,147,027	$2,155,259	$196,650

DAVIS PERFORMING ARTS ASSOCIATION DBA CENTERPOINT LEGACY THEATRE