TOLEDO ALLIANCE FOR THE PERFORMING ARTS

EIN: 344005365 501(c)(3) Arts, Culture & Humanities

TOLEDO, OH

Total Revenue
$9,945,818
Total Expenses
$7,968,013
Total Assets
$21,458,232
Net Assets
$20,365,380
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1951
Legal Domicile
OH
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.

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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%)

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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

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Liquidity & Cash Position

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Governance

Voting Members
62
Independent Members
62
Employees
317
Volunteers
90

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
8
$486,805
Total Directors
62
$213,785
Key Employees
0
$0
Highest Compensated
0
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
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
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