ACT ONE

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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

Catherine Maloney

Phone

6023436239

Tax Period

2024-07-01 to 2025-06-30

ACT ONE, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $700K in total revenue in fiscal year 2024. Expenses of $914K exceeded revenue, resulting in a 30% operating deficit.

Mission

Act One creates and provides access to quality arts experiences enhancing the lives of Arizonas children and families. We do this through Field Trips, Culture Pass, and Virtual Reality Field Trips. IN FY25, we worked with more than 60 art and culture partners.

Program Service Accomplishments

Program 1

Expenses: $339,425

IN FY25, WE SERVED 16,033 STUDENTS FROM ARIZONAS TITLE I SCHOOLS WITH IN-PERSON FIELD TRIPS. WE COMPLETED 163 ARTS AND CULTURE FIELD TRIPS IN THE PHOENIX AND TUCSON AREA.

Program 2

Expenses: $327,856 Revenue: $2,950

WE SERVED 13,229 STUDENTS FROM ARIZONAS TITLE I SCHOOLS WITH VIRTUAL REALITY FIELD TRIPS TO THEIR SCHOOLS. WE VISITED 13 TRIBAL COMMUNITIES THROUGH OUR VR PROGRAM. We have served over 20,000 students...

Program 3

Expenses: $37,649

OUR CULTURE PASS PROGRAM WORKED WITH 13 OUT OF 15 COUNTIES, ALMOST 200 LIBRARIES AND 39 ARTS/CULTURAL SITES AND PERFORMING ARTS ORGANIZATIONS. IN FY25, the Act One Culture Pass Program offered over...

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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 $664,545

Program Service Revenue $2,950

Investment Income $32,269

Other Revenue $430

TOTAL REVENUE $700,194

Expense Breakdown

Grants Paid $0

Salaries & Benefits $389,551

Fundraising Expenses $68,839

Program Expenses $704,930

Other Expenses $524,070

TOTAL EXPENSES $913,621

Year-over-Year Comparison

	2024	2023	Change
Revenue	$700,194	$707,377	0.0%
Expenses	$913,621	$749,996	+0.2%
Net Income	$-213,427	$-42,619	+4.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Catherine Maloney	Executive Director	45.00		$103,009	$25,000	$128,009
Russ Perlich	BOARD MEMBER	5.00	Director	$0	$0	$0
Al Priem	BOARD MEMBER	1.00	Director	$0	$0	$0
Chris Houk	BOARD MEMBER	1.00	Director	$0	$0	$0
Judy McDermott	BOARD MEMBER	1.00	Director	$0	$0	$0
Robyn Lambert Lynch	BOARD MEMBER	2.00	Director	$0	$0	$0
Courtney MacMillan	Board Member	2.00	Director	$0	$0	$0
David Drennon	Board Member	1.00	Director	$0	$0	$0
Katie Giel	Board Member	2.00	Director	$0	$0	$0
Jonathan Perrone	Board Member	2.00	Director	$0	$0	$0
Joshua Meibos	Board Member	1.00	Director	$0	$0	$0
Mac Perlich	Board Member	10.00	Officer	$0	$0	$0
John Clifford	President	15.00	Officer	$0	$0	$0
Priscilla Marquez	Imm Past Pres	10.00	Officer	$0	$0	$0
Robert Leone	Treasurer	10.00	Officer	$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	$700,194	$913,621	$1,143,599	$-213,427
2024	$707,377	$749,996	$1,172,541	$-42,619
2023	$884,690	$1,153,953	$1,359,667	$-269,263
2022	$1,427,696	$961,212	$1,556,445	$466,484
2021	$916,748	$551,752	$1,054,982	$364,996
2020	$841,837	$931,453	$854,197	$-89,616
2019	$937,199	$895,863	$667,943	$41,336
2018	$808,909	$760,617	$654,844	$48,292