PRIMA ARTS INC (EIN 273111556) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

MITCH NUGENT

Phone

7173275126

Tax Period

2024-07-01 to 2025-06-30

PRIMA ARTS INC, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $975K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

PROVIDE ACCESSIBLE PERFORMING ARTS PROGRAMMING THAT ENRICHES AND ENGAGES THE LOCAL COMMUNITY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $542,801

Program Service Revenue $423,626

Investment Income $8,960

Other Revenue $0

TOTAL REVENUE $975,387

Expense Breakdown

Grants Paid $0

Salaries & Benefits $371,161

Fundraising Expenses $179,875

Program Expenses $669,328

Other Expenses $692,823

TOTAL EXPENSES $1,063,984

Year-over-Year Comparison

	2024	2023	Change
Revenue	$975,387	$802,465	+0.2%
Expenses	$1,063,984	$865,444	+0.2%
Net Income	$-88,597	$-62,979	+0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

150

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

$120,165

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MITCH NUGENT	FOUNDING EXE	10.00	Director	$101,203	$0	$101,203
DIANA NUGENT	BOARD MEMBER	5.00	Director	$18,962	$0	$18,962
TODD BARTOS	BOARD MEMBER	5.00	Director	$0	$0	$0
CHRIS DREW	BOARD MEMBER	5.00	Director	$0	$0	$0
HUNTER JOHNSON	BOARD MEMBER	5.00	Director	$0	$0	$0
JUSTIN W JOHNSON	BOARD MEMBER	5.00	Director	$0	$0	$0
GRETCHEN LUSBY	PRESIDENT	5.00	Director	$0	$0	$0
DR MICHAEL MANOLAS	BOARD MEMBER	5.00	Director	$0	$0	$0
ANDI MURPHY	SECRETARY	5.00	Director	$0	$0	$0
HEATHER VALUDES	TREASURER	5.00	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
2025	$975,387	$1,063,984	$811,697	$-88,597
2023	$453,204	$374,215	$575,533	$78,989
2022	$531,685	$680,775	$505,729	$-149,090
2021	$614,027	$552,901	$680,817	$61,126
2020	$490,161	$413,922	$899,493	$76,239
2019	$406,890	$533,940	$534,630	$-127,050
2018	$385,580	$353,819	$681,649	$31,761

PRIMA ARTS INC