THE PERFORMING ARTS PROJECT INC (EIN 453354745) - 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

2011

Legal Domicile

Principal Officer

KIMBERLY SLADE

Phone

3477781012

Tax Period

2022-10-01 to 2023-09-30

THE PERFORMING ARTS PROJECT INC, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $526K in total revenue in fiscal year 2022. Revenue surged 34% from the prior year, signaling strong growth momentum.

Mission

GUIDE A NEW GENERATION OF PERFORMING ARTISTS AS THEY LEARN FROM - AND COLLABORATE WITH - OUR WORLD-CLASS FACULTY OF WORKING PROFESSIONALS. WE USE AND DISCOVER INNOVATIVE TEACHING TECHNIQUES THAT IGNITE CURIOSITY, INSPIRE CONFIDENCE, AND PROMOTE RISK-TASKING BECAUSE WE BELIEVE THE WORLD NEEDS ART MADE BY BOLD, COMPASSIONATE PEOPLE WHO ARE A CREDIT TO THE COMMUNITY THEY SERVE.

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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 $141,785

Program Service Revenue $384,618

Investment Income $-496

Other Revenue $-13

TOTAL REVENUE $525,894

Expense Breakdown

Grants Paid $0

Salaries & Benefits $171,508

Fundraising Expenses $34,119

Program Expenses $445,801

Other Expenses $358,479

TOTAL EXPENSES $529,987

Year-over-Year Comparison

	2022	2021	Change
Revenue	$525,894	$391,338	+0.3%
Expenses	$529,987	$457,671	+0.2%
Net Income	$-4,093	$-66,333	-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

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

$115,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONATHAN BERNSTEIN	ARTISTIC DIR	40.00	Officer	$57,500	$0	$57,500
KIMBERLY SLADE	EXECUTIVE DI	40.00	Officer	$57,500	$0	$57,500
JAKE DYAL	TREASURER	1.00	Officer Director	$0	$0	$0
BEN GOLDBERG	PRESIDENT	1.00	Officer Director	$0	$0	$0
AMY GUTIERREZ	DIRECTOR	1.00	Director	$0	$0	$0
KARI LYNN HEARN	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET PIKE	DIRECTOR	1.00	Director	$0	$0	$0
NIKOLE VALLINS	VICE PRESIDE	1.00	Officer 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
2023	$525,894	$529,987	$162,956	$-4,093
2022	$391,338	$457,671	$167,049	$-66,333
2021	$243,564	$283,954	$233,382	$-40,390
2020	$237,841	$289,885	$273,772	$-52,044
2019	$737,383	$704,132	$325,816	$33,251
2018	$816,745	$687,532	$291,665	$129,213

THE PERFORMING ARTS PROJECT INC