PERFORMING ARTS ACADEMY OF NEW BRAUNFELS INC

EIN: 455117346 501(c)(3) Arts, Culture & Humanities

NEW BRAUNFELS, TX

Total Revenue
$313,628
Total Expenses
$322,853
Total Assets
$181,747
Net Assets
$81,747
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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
2013
Legal Domicile
TX
Phone
2102419720
Tax Period
2024-01-01 to 2024-12-31

PERFORMING ARTS ACADEMY OF NEW BRAUNFELS INC, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $314K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

ENRICH LIVES THROUGH ART

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,643
Program Service Revenue $307,789
Investment Income $4,196
Other Revenue $0
TOTAL REVENUE $313,628

Expense Breakdown

Grants Paid $0
Salaries & Benefits $29,996
Fundraising Expenses $0
Program Expenses $321,853
Other Expenses $292,857
TOTAL EXPENSES $322,853

Year-over-Year Comparison

2024 2023 Change
Revenue $313,628 $331,572 -0.1%
Expenses $322,853 $319,932 +0.0%
Net Income $-9,225 $11,640 -1.8%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
N/A

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
0
$0
Total Directors
4
$29,996
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHERRY BETTERSWORTH Chairman 40.00
Director
$29,996 $0 $29,996
JAMES BETTERSWORTH CFO 2.00
Director
$0 $0 $0
BOYD REWEH Director 10.00
Director
$0 $0 $0
SANDRA BYERLY Secretary 10.00
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
2024 $313,628 $322,853 $181,747 $-9,225
2023 $331,572 $319,932 $189,998 $11,640
2022 $320,673 $275,031 $178,357 $45,642
2019 $237,659 $233,063 $124,610 $4,596
2018 $245,210 $223,957 $120,014 $21,253
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