TOLEDO ALLIANCE FOR THE PERFORMING… - 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

Formation Year

1951

Legal Domicile

Principal Officer

ZACHARY VASSAR

Phone

4192411272

Tax Period

2022-07-01 to 2023-06-30

TOLEDO ALLIANCE FOR THE PERFORMING ARTS, founded in 1951, is a community nonprofit in the Arts, Culture & Humanities sector that reported $9.9M in total revenue in fiscal year 2022. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 20% operating margin.

Mission

THE TOLEDO ALLIANCE FOR THE PERFORMING ARTS EXISTS TO SUSTAIN A WORKING COMMUNITY OF PERFORMING ARTISTS IN OUR AREA WHO PERPETUATE THE EXPERIENCE OF SUPERB MUSICAL AND DANCE PERFORMANCES AND EDUCATION FOR ALL PEOPLE.

Program Service Accomplishments

Program 1

Expenses: $6,466,089 Revenue: $2,226,725

THE 2022-2023 SEASON SHOWCASED THE RESILIENCY OF THE TOLEDO ALLIANCE FOR THE PERFORMING ARTS (TAPA). THE TOLEDO SYMPHONY CELEBRATED CONDUCTOR ALAIN TRUDEL'S FIFTH SEASON WITH SOME OF THE GREATEST...

THE 2022-2023 SEASON SHOWCASED THE RESILIENCY OF THE TOLEDO ALLIANCE FOR THE PERFORMING ARTS (TAPA). THE TOLEDO SYMPHONY CELEBRATED CONDUCTOR ALAIN TRUDEL'S FIFTH SEASON WITH SOME OF THE GREATEST FIFTH SYMPHONIES, INCLUDING THOSE BY BEETHOVEN AND SHOSTAKOVICH. THE ORCHESTRA FILLED OVER A DOZEN VACANCIES, ADDING NEW PERSONNEL AND TALENT TO THE 79-YEAR-OLD ENSEMBLE. THE TOLEDO BALLET WELCOMED NEW ARTISTIC DIRECTOR ERIC OTTO AND CELEBRATED RECORD-BREAKING TICKET SALES FOR TCHAIKOVSKY'S NUTCRACKER AND PROKOFIEV'S CINDERELLA. THIS SEASON SAW A NEW, HIGHLY SUCCESSFUL PARTNERSHIP WITH THE TOLEDO JAZZ ORCHESTRA (TJO) IN WHICH THE TJO SAW SOME OF THE HIGHEST-ATTEND CONCERTS IN ITS HISTORY. THIS SEASON ALSO REESTABLISHED CHORAL INITIATIVES, INCLUDING PERFORMANCES OF HANDEL'S MESSIAH, PUCCINI'S MESSA DI GLORIA, AND MAHLER'S THIRD SYMPHONY. IN MAY, CELLIST YO-YO MA JOINED THE TOLEDO SYMPHONY IN A RECORD-SETTING, SOLD-OUT, HIGHLY ANTICIPATED PERFORMANCE OF ELGAR'S CELLO CONCERTO. THE 2022-23 SEASON REPRESENTED A RETURN TO PRE-PANDEMIC AUDIENCES AND REPERTOIRE, PAVING THE WAY FOR CONTINUED GROWTH.

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,610,216

Program Service Revenue $2,089,597

Investment Income $4,109,790

Other Revenue $136,215

TOTAL REVENUE $9,945,818

Expense Breakdown

Grants Paid $94,093

Salaries & Benefits $5,434,137

Fundraising Expenses $430,832

Program Expenses $6,466,089

Other Expenses $2,439,783

TOTAL EXPENSES $7,968,013

Year-over-Year Comparison

	2022	2021	Change
Revenue	$9,945,818	$7,106,815	+0.4%
Expenses	$7,968,013	$7,431,366	+0.1%
Net Income	$1,977,805	$-324,551	-7.1%

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

317

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

$486,805

Total Directors

$213,785

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAM HERSHBERGER	TRUSTEE	1.00	Director	$0	$0	$0
PATRICK BOWE	PAST CHAIR	1.00	Officer Director	$0	$0	$0
FRANK JACOBS	TRUSTEE	1.00	Director	$0	$0	$0
ELAINE CANNING	TREASURER	1.00	Officer Director	$0	$0	$0
RICHARD A KARCHER	TRUSTEE	1.00	Director	$0	$0	$0
HARLEY KRIPKE	TRUSTEE	1.00	Director	$0	$0	$0
C ALLEN MCCONNEL	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM R MCDONNELL	TRUSTEE	1.00	Director	$0	$0	$0
JONATHAN ORSER	TRUSTEE	1.00	Director	$0	$0	$0
MARNA RAMNATH	VICE -CHAIR	1.00	Officer Director	$0	$0	$0
RONALD RYBARCZYK	TRUSTEE	1.00	Director	$0	$0	$0
SHARON S SPEYER	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES STOCKING	TRUSTEE	1.00	Director	$0	$0	$0
JOHN S SZUCH	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL H THAMAN	TRUSTEE	1.00	Director	$0	$0	$0
LOUIS E TOSI	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN M CAVANAUGH	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JENNIFER COY	TRUSTEE	1.00	Director	$0	$0	$0
MELISSA FREEMAN	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM B MATHIS	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH SFERRA	TRUSTEE	1.00	Director	$0	$0	$0
JAMES ADAMS	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN CONDA	TRUSTEE	1.00	Director	$0	$0	$0
SAGA SHOFFNER	TRUSTEE	1.00	Director	$0	$0	$0
REBECCA SHOPE	TRUSTEE	1.00	Director	$0	$0	$0
OLIVIA SUMMONS	TRUSTEE	1.00	Director	$0	$0	$0
DEANNE GORUN BAKER	TRUSTEE	1.00	Director	$0	$0	$0
JENNY COLUCCIO	TRUSTEE	1.00	Director	$0	$0	$0
KATHLEEN DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
JEANNE DEWITT	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL ELLISON	TRUSTEE	1.00	Director	$0	$0	$0
KIMBERLY HOWARD	SECRETARY	1.00	Officer Director	$0	$0	$0
MO SHEAHAN	TRUSTEE	1.00	Director	$0	$0	$0
TRACI WATKINS MD	TRUSTEE	1.00	Director	$0	$0	$0
DAVE WHITE JR	TRUSTEE	1.00	Director	$0	$0	$0
JOHN H BURSON	TRUSTEE	1.00	Director	$0	$0	$0
SAMUEL CHANG	TRUSTEE	1.00	Director	$0	$0	$0
JOSH COOPER	TRUSTEE	1.00	Director	$0	$0	$0
TODD FISTER	TRUSTEE	1.00	Director	$0	$0	$0
JOEL JERGER	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL MCCULLOUGH	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW MCQUEEN	TRUSTEE	1.00	Director	$0	$0	$0
JOHN REYNOLDS	TRUSTEE	1.00	Director	$0	$0	$0
CLARENCE R SMITH JR	TRUSTEE	1.00	Director	$0	$0	$0
SARAH SMITH	TRUSTEE	1.00	Director	$0	$0	$0
PAM BARD STEEL	TRUSTEE	1.00	Director	$0	$0	$0
DESMOND L STROOH	TRUSTEE	1.00	Director	$0	$0	$0
DAVID TIGHE	TRUSTEE	1.00	Director	$0	$0	$0
MARLENE UHLER	TRUSTEE	1.00	Director	$0	$0	$0
JULIE WAIDELICH-ROBERTS	TRUSTEE	1.00	Director	$0	$0	$0
LANCE WOODWORTH	TRUSTEE	1.00	Director	$0	$0	$0
BENNETT ROMANOFF MD	TRUSTEE	1.00	Director	$0	$0	$0
ZACHARY VASSAR	PRESIDENT & CEO	60.00	Officer Director	$197,295	$16,490	$213,785
FLOYD AKINS	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS BOURELL	TRUSTEE	1.00	Director	$0	$0	$0
LAUREN GRAHAM BOURELL	TRUSTEE	1.00	Director	$0	$0	$0
JUDY GORUN	TRUSTEE	1.00	Director	$0	$0	$0
RENEE GOUBEAUX	TRUSTEE	1.00	Director	$0	$0	$0
JODI GRAHAM	TRUSTEE	1.00	Director	$0	$0	$0
TEANYA NORWOOD-KWEENA	TRUSTEE	1.00	Director	$0	$0	$0
SHELLI JACOBS	TRUSTEE	1.00	Director	$0	$0	$0
JANE WURTH	TRUSTEE	1.00	Director	$0	$0	$0
RANDI DIER	VP FINANCE	40.00	Officer	$78,456	$6,982	$85,438
BRETT LONEY	VP DEVELOPMENT	50.00	Officer	$169,706	$17,876	$187,582

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$9,945,818	$7,968,013	$21,458,232	$1,977,805
2022	$7,106,815	$7,431,366	$21,510,978	$-324,551
2021	$6,839,703	$5,101,807	$24,676,048	$1,737,896
2020	$7,651,375	$6,779,684	$19,341,694	$871,691
2018	$6,464,782	$6,362,845	$20,318,715	$101,937

TOLEDO ALLIANCE FOR THE PERFORMING ARTS