PRIME PRODUCTIONS

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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

2018

Legal Domicile

Principal Officer

ALISON EDWARDS

Phone

9172732082

Tax Period

2023-01-01 to 2023-12-31

PRIME PRODUCTIONS, founded in 2018, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $50K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $115K exceeded revenue, resulting in a 128% operating deficit.

Mission

PRIME PRODUCTIONS SEEKS TO EXPLORE, ILLUMINATE AND SUPPORT WOMEN OVER FIFTY AND THEIR STORIES THROUGH THE CREATIVE VOICE OF PERFORMANCE. WE INTEND TO CREATE PRODUCTIONS THAT INCLUDE AND ENCOURAGE THE PARTICIPATION OF ALL GENDERS, RACES, SEXUAL ORIENTATIONS AND ABILITIES. IT IS THROUGH THESE VARIED PERSPECTIVES THAT A COMPLETE PICTURE CAN EMERGE AND BE CELEBRATED. WE HAVE REALIZED THERE IS A SCARCITY OF SUBSTANTIAL ROLES IN THE THEATER FOR WOMEN OF A CERTAIN AGE: FEMALE CHARACTERS TEND TO BE STEREOTYPED, MARGINALIZED, OR LACKING ALTOGETHER. CONSIDERING THERE IS SO MUCH GREAT EXPERIENCED FEMALE TALENT IN THE TWIN CITIES THAT IS NOT FULLY UTILIZED, EITHER BY THE PLAYS BEING PRODUCED OR THE ROLES BEING WRITTEN, WE WANT TO FILL THIS GAP. WE AIM TO PRODUCE PLAYS THAT EMPLOY THESE VALUABLE FEMALE THEATER ARTISTS AND ADDRESS ISSUES RELEVANT TO AN AGING POPULATION. WE HAVE CREATED A THEATER COMPANY THAT: 1. HIRES ARTISTS OF A CERTAIN AGE BOTH ON STAGE AND BEHIND THE SCENES. 2. INTRODUCES DIVERS

Program Service Accomplishments

Program 1

Expenses: $106,840 Revenue: $21,214

THE GOALS OF PRIME PRODUCTIONS INCLUDE: 1. PRODUCE FULL STAGED PRODUCTIONS ENCOMPASSING OUR MISSION AND VALUES. 2. BECOME A PROFESSIONAL THEATER WITH INTENT TO HIRE UNION TALENT FROM DAY ONE. 3...

THE GOALS OF PRIME PRODUCTIONS INCLUDE: 1. PRODUCE FULL STAGED PRODUCTIONS ENCOMPASSING OUR MISSION AND VALUES. 2. BECOME A PROFESSIONAL THEATER WITH INTENT TO HIRE UNION TALENT FROM DAY ONE. 3. PROVIDE WORK TO TWIN CITIES ARTISTS WITH PAY. 4. PROMOTE DIVERSITY, INCLUSION AND EQUITY. 5. PRODUCE STAGED READINGS TO DEVELOP COMMUNITY INVOLVEMENT IN MATERIAL SELECTION FOR EACH PRODUCTION SEASON. 6. PLAN PRE-SHOW FOCUS GROUPS AND POST-SHOW DISCUSSIONS TO ENGAGE THE COMMUNITY WITH THE ART. 7. ORGANIZE AND LAUNCH A PLAYWRITING FESTIVAL TO ENCOURAGE THE DEVELOPMENT OF MATERIAL RELEVANT TO OUR MISSION AND TO THE POPULATION WE SERVE. PRIME PRODUCTIONS PRODUCED ONE PRODUCTION DURING 2023 TITLED "THE REVOLUTIONISTS- AND APPROXIMATELY 1,000 PEOPLE VIEWED THE PRODUCTION. PRIME PRODUCTIONS WAS HOSTED THREE STAGE READING DURING THE YEAR AND APPROXIMATELY 350 PEOPLE JOINED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $82,395

Program Service Revenue $21,214

Investment Income $-53,291

Other Revenue $0

TOTAL REVENUE $50,318

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,909

Fundraising Expenses $0

Program Expenses $106,840

Other Expenses $98,643

TOTAL EXPENSES $114,552

Year-over-Year Comparison

	2023	2022	Change
Revenue	$50,318	$80,513	-0.4%
Expenses	$114,552	$113,611	+0.0%
Net Income	$-64,234	$-33,098	+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

N/A

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

$15,909

Total Directors