AXELROD PERFORMING ARTS CENTER INC (EIN 272362887) - 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

ANDREW DEPRISCO

Phone

7325319106

Tax Period

2024-01-01 to 2024-12-31

AXELROD PERFORMING ARTS CENTER INC, founded in 2010, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.1M in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum.

Mission

THE AXELROD PERFORMING ARTS CENTER FOSTERS ARTISTIC EXCELLENCE BY SHOWCASING VARIED AND DISTINCT CULTURAL PROGRAMS WHICH ENRICH THE IMAGINATIVE, INTELLECTUAL AND CREATIVE SOUL, AND CULTIVATE AN APPRECIATION OF OUR DIVERSE COMMUNITIES THROUGH THE PURSUIT OF THE ARTS.

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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 $1,335,460

Program Service Revenue $1,784,632

Investment Income $938

Other Revenue $13,473

TOTAL REVENUE $3,134,503

Expense Breakdown

Grants Paid $15,466

Salaries & Benefits $726,683

Fundraising Expenses $0

Program Expenses $2,852,709

Other Expenses $2,387,142

TOTAL EXPENSES $3,129,291

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,134,503	$1,956,337	+0.6%
Expenses	$3,129,291	$1,877,093	+0.7%
Net Income	$5,212	$79,244	-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

$144,903

Total Directors

$62,403

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESS LEVY	CEO (THROUGH 10/24)	25.00	Officer Director	$45,763	$0	$45,763
DR ARTHUR TOPLOW	PRESIDENT	0.00	Officer Director	$0	$0	$0
ELISE FELDMAN	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
ROBERT MACK	TREASURER	25.00	Officer Director	$16,640	$0	$16,640
HONEY KARASIC	SECRETARY	0.00	Officer Director	$0	$0	$0
JAMES AARON	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
ROBERTA KRANZ	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
IRA KREZMAN	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
CLAIRE BOREN	TRUSTEE	0.00	Director	$0	$0	$0
NEIL HERSTIK	VICE PRESIDENT	0.00	Director	$0	$0	$0
JANET BROWN	TRUSTEE	0.00	Director	$0	$0	$0
ANGELA AHBEZ ANDERSON	TRUSTEE	0.00	Director	$0	$0	$0
JILL EISENBERG	TRUSTEE	0.00	Director	$0	$0	$0
JANA ADELSON	TRUSTEE	0.00	Director	$0	$0	$0
LARRY LUTTRELL	TRUSTEE	0.00	Director	$0	$0	$0
NORMAN KONVITZ	TRUSTEE	0.00	Director	$0	$0	$0
BAHIYYAH ABDULLAH	TRUSTEE	0.00	Director	$0	$0	$0
LARRY LOWENSTEIN	TRUSTEE	0.00	Director	$0	$0	$0
TOBY MACK	TRUSTEE	0.00	Director	$0	$0	$0
RANDY KRUPPNIK	TRUSTEE	0.00	Director	$0	$0	$0
LOUIS RODRIGUEZ	TRUSTEE	0.00	Director	$0	$0	$0
ARLENE MOLLOW	TRUSTEE	0.00	Director	$0	$0	$0
MIRIAM TETELBOM	TRUSTEE	0.00	Director	$0	$0	$0
BURT SZERLIP	VICE PRESIDENT	0.00	Director	$0	$0	$0
RAHOOL PATEL	TRUSTEE	0.00	Director	$0	$0	$0
SHELDON VOGEL	HONORARY CHA	0.00	Director	$0	$0	$0
ANDREW DEPRISCO	EXECUTIVE ARTISTIC DIRECTOR	25.00	Officer	$82,500	$0	$82,500

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	$3,134,503	$3,129,291	$796,609	$5,212
2023	$1,956,337	$1,877,093	$860,600	$79,244
2022	$1,763,025	$2,100,723	$831,026	$-337,698
2021	$2,097,342	$1,287,018	$1,243,639	$810,324
2020	$714,490	$769,309	$287,645	$-54,819
2019	$1,774,974	$1,926,717	$111,275	$-151,743
2018	$1,479,218	$1,510,243	$143,735	$-31,025

AXELROD PERFORMING ARTS CENTER INC