CANTON PALACE THEATRE ASSOCIATION (EIN 341286663) - 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

1979

Legal Domicile

Principal Officer

GEORGIA PAXOS

Phone

3304548172

Tax Period

2024-07-01 to 2025-06-30

CANTON PALACE THEATRE ASSOCIATION, founded in 1979, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2024. Revenue fell 73% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $255K, a strong 19% operating margin.

Mission

TO PRESENT CULTURAL, ENTERTAINMENT, AND EDUCATIONAL EXPERIENCES FOR THE COMMUNITY.

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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 $797,088

Program Service Revenue $493,054

Investment Income $34,737

Other Revenue $17,706

TOTAL REVENUE $1,342,585

Expense Breakdown

Grants Paid $0

Salaries & Benefits $374,838

Fundraising Expenses $84,912

Program Expenses $883,800

Other Expenses $712,999

TOTAL EXPENSES $1,087,837

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,342,585	$4,918,574	-0.7%
Expenses	$1,087,837	$1,258,903	-0.1%
Net Income	$254,748	$3,659,671	-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

101

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

$77,250

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD HERBERGHS	EXECUTIVE VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
RYAN FORD	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
CHIP CONDE	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE IAMS KUNTZ	DIRECTOR	1.00	Director	$0	$0	$0
CATHY WYATT	SECRETARY	1.00	Officer Director	$0	$0	$0
JASON BAASTEN	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY BELL	DIRECTOR	1.00	Director	$0	$0	$0
KEITH BENNETT	DIRECTOR	1.00	Director	$0	$0	$0
H THOMAS HALE III	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL STURDIVANT	DIRECTOR	1.00	Director	$0	$0	$0
TYLER EMRICK	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID LEE	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY WOLFE	DIRECTOR	1.00	Director	$0	$0	$0
NIKOLINA KAROVSKI	DIRECTOR	1.00	Director	$0	$0	$0
JEFF KING	DIRECTOR	1.00	Director	$0	$0	$0
GEORGIA PAXOS	EXECUTIVE DIRECTOR	40.00	Officer	$75,000	$2,250	$77,250

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	$1,342,585	$1,087,837	$5,994,278	$254,748
2024	$4,918,574	$1,258,903	$5,644,056	$3,659,671
2023	$869,824	$982,927	$2,005,125	$-113,103
2022	$959,253	$994,315	$2,184,067	$-35,062
2021	$671,724	$620,818	$2,232,127	$50,906
2020	$678,120	$945,698	$2,048,119	$-267,578
2019	$844,922	$973,046	$2,235,170	$-128,124
2018	$1,172,583	$843,633	$2,325,937	$328,950

CANTON PALACE THEATRE ASSOCIATION