PERFORMING ARTS ASSOCIATION OF LAW… - Form 990 Financial Data

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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

Principal Officer

MILO ELLIS

Tax Period

2021-06-01 to 2022-05-31

PERFORMING ARTS ASSOCIATION OF LAWRENCE CENTRAL HIGH SCHOOL is a small nonprofit in the Education sector that reported $227K in total revenue in fiscal year 2021. The organization ran a surplus of $48K, a strong 21% operating margin.

Mission

PROVIDE SUPPORT FOR MARCHING BAND, CHOIR, AND COLOR GUARD EDUCATION AND ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $53,125

PROVIDE EQUIPMENT, PROPS AND UNIFORMS FOR THE MARCHING BAND AND GUARD AND TRANSPORTATION TO PERFORMANCE EVENTS. PROVIDE SPECIALIZED INSTRUCTION NOT PROVIDED BY THE PUBLIC SCHOOL BUDGET. PROVIDES...

PROVIDE EQUIPMENT, PROPS AND UNIFORMS FOR THE MARCHING BAND AND GUARD AND TRANSPORTATION TO PERFORMANCE EVENTS. PROVIDE SPECIALIZED INSTRUCTION NOT PROVIDED BY THE PUBLIC SCHOOL BUDGET. PROVIDES SERVICE TO 300 STUDENTS

Program 2

Expenses: $66,816

PROVIDE COSTUMES, VOCAL INSTRUCTION, CHOREOGRAPHY INSTRUCTION TO 140 STUDENTS. THIS INCLUDES TRANSPORT AND ENTRY FEES TO PERFORMANCE EVENTS.

Program 3

Expenses: $25,031

PROVIDE EQUIPMENT, COSTUMES, AND INSTRUCTORS FOR 43 STUDENTS INVOLVED IN WINDER COLOR GUARD AND PERCUSSION PERFORMANCES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $209,936

Program Service Revenue $16,767

Investment Income $12

Other Revenue $0

TOTAL REVENUE $226,715

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $178,773

Other Expenses $178,773

TOTAL EXPENSES $178,773

Year-over-Year Comparison

	2021	2020	Change
Revenue	$226,715	N/A	N/A
Expenses	$178,773	N/A	N/A
Net Income	$47,942	N/A	N/A

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

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
MILO ELLIS	DIRECTOR	5.00	Director	$0	$0	$0
RACHEL GREENFIELD	PRESIDENT	5.00	Officer	$0	$0	$0
JESSICA KRUG	VICE PRESIDE	5.00	Officer	$0	$0	$0
RAINEY MARTIN	CO-PRESIDENT	5.00	Officer	$0	$0	$0
KATIE WILSON	TREASURER	5.00	Officer	$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
2022	$226,715	$178,773	$192,785	$47,942
2021	$148,796	$98,746	$144,843	$50,050
2020	$237,716	$319,240	$94,793	$-81,524
2019	$362,560	$339,004	$176,317	$23,556

PERFORMING ARTS ASSOCIATION OF LAWRENCE CENTRAL HIGH SCHOOL