PALM CANYON THEATER (EIN 330763184) - 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

1997

Legal Domicile

Phone

7603230739

Tax Period

2024-06-01 to 2025-05-31

PALM CANYON THEATER, founded in 1997, is a small nonprofit in the Arts, Culture & Humanities sector that reported $704K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $667K left a modest 5% surplus.

Mission

PALM CANYON THEATRE IS A 501(C)3 NONPROFIT ORGANIZATION DEDICATED TO THE EDUCATION OF LIVE STAGE PRODUCTIONS AND THE ENRICHMENT OF THE GREATER PALM SPRINGS COMMUNITY AND ITS VISITORS.

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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 $0

Program Service Revenue $704,172

Investment Income $0

Other Revenue $0

TOTAL REVENUE $704,172

Expense Breakdown

Grants Paid $0

Salaries & Benefits $52,217

Fundraising Expenses $0

Program Expenses $666,903

Other Expenses $615,089

TOTAL EXPENSES $667,306

Year-over-Year Comparison

	2024	2023	Change
Revenue	$704,172	$605,134	+0.2%
Expenses	$667,306	$568,859	+0.2%
Net Income	$36,866	$36,275	+0.0%

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

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

$46,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SYLVIA LAYNE	TREASURER	40.00	Officer	$46,800	$0	$46,800
WILLIAM J LAYNE	PRESIDENT	40.00	Officer	$0	$0	$0
MIKE LAYNE	PRESIDENT ELECT	5.00	Officer	$0	$0	$0
JOSEPH LAYNE	VICE PRESIDENT	40.00	Officer	$0	$0	$0
PAUL GRANT	SECRETARY	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
2025	$704,172	$667,306	$73,141	$36,866
2024	$605,134	$568,859	$36,275	$36,275
2023	$500,591	$614,599	$30,190	$-114,008
2022	$731,239	$622,771	$144,198	$108,468
2021	$317,280	$336,058	$36,130	$-18,778
2020	$586,758	$592,561	No data	$-5,803
2019	$586,758	$592,561	$41,106	$-5,803
2018	$603,522	$572,552	$69,148	$30,970

PALM CANYON THEATER