Performing Arts Association of St … - 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

1976

Legal Domicile

Principal Officer

PAUL STORIALE

Phone

8162791225

Tax Period

2024-07-01 to 2025-06-30

Performing Arts Association of St Joseph Inc, founded in 1976, is a small nonprofit in the Arts, Culture & Humanities sector that reported $256K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $305K exceeded revenue, resulting in a 19% operating deficit.

Mission

The Organization aidms to provide a variety of events representing the best of the performig arts, to maximize access to all citizens in the greather St. Joseph area, and to promote interest in music, theatre, and dance.

Program Service Accomplishments

Program 1

Expenses: $271,308 Revenue: $122,094

We presented eight live performances this season, drawing a total audience of 3,370, including 126 youth attendees.

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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 $132,603

Program Service Revenue $122,094

Investment Income $0

Other Revenue $892

TOTAL REVENUE $255,589

Expense Breakdown

Grants Paid $0

Salaries & Benefits $78,774

Fundraising Expenses $10,535

Program Expenses $271,308

Other Expenses $226,311

TOTAL EXPENSES $305,085

Year-over-Year Comparison

	2024	2023	Change
Revenue	$255,589	$293,330	-0.1%
Expenses	$305,085	$306,714	0.0%
Net Income	$-49,496	$-13,384	+2.7%

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

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

$56,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL STORIALE	EXECUTIVE DRECTOR	040.00	Officer	$56,000	$0	$56,000
PAUL GIBSON II	PRESIDENT	000.50	Officer Director	$0	$0	$0
PATRICK DARE	VICE PRESIDENT	000.50	Officer Director	$0	$0	$0
LINDA JUDAH	SECRETARY	000.50	Officer Director	$0	$0	$0
KELLY MORRIS	TREASURER	000.50	Officer Director	$0	$0	$0
DREW BROWN	DIRECTOR	000.50	Director	$0	$0	$0
JOANN COBB	DIRECTOR	000.50	Director	$0	$0	$0
LANNY ELLIS	DIRECTOR	000.50	Director	$0	$0	$0
RUTH BIRELINE	DIRECTOR	000.50	Director	$0	$0	$0
SID JOHNSON	DIRECTOR	000.50	Director	$0	$0	$0
ROSIE LAMMOGLIA	DIRECTOR	000.50	Director	$0	$0	$0
MARY KAY LYLE	DIRECTOR	000.50	Director	$0	$0	$0
SHEILA MURRAY	DIRECTOR	000.50	Director	$0	$0	$0
GLORIA MASON-MARTIN	DIRECTOR	000.50	Director	$0	$0	$0
PEYTON SANTANA-CASTRO	DIRECTOR	000.50	Director	$0	$0	$0
MARTIAL THEVENOT	DIRECTOR	000.50	Director	$0	$0	$0
MICHELLE SPONGE THEVENOT	DIRECTOR	000.50	Director	$0	$0	$0
ANGELA WILLIAMS-CRANE	DIRECTOR	000.50	Director	$0	$0	$0
GAIL TYLER	DIRECTOR	000.50	Director	$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	$255,589	$305,085	$200,412	$-49,496
2024	No data	No data	No data	No data
2023	$251,795	$258,913	$217,932	$-7,118
2022	$353,382	$221,662	$282,135	$131,720
2021	$132,572	$90,221	$133,664	$42,351
2020	$252,262	$254,857	$69,164	$-2,595
2019	$229,741	$245,409	$112,950	$-15,668
2018	$250,140	$246,127	$107,138	$4,013

Performing Arts Association of St Joseph Inc