AUDACITY PERFORMING ARTS PROJECT INC (EIN 461444034) - 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

2012

Legal Domicile

Principal Officer

Valerie Smith

Phone

4083943398

Tax Period

2024-07-01 to 2025-06-30

AUDACITY PERFORMING ARTS PROJECT INC, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $521K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring.

Mission

The Audacity Performing Arts Project engages Silicon Valley, Title 1 schools in all aspects of inclusion-based theater productions and arts

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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 $141,933

Program Service Revenue $378,866

Investment Income $0

Other Revenue $15

TOTAL REVENUE $520,814

Expense Breakdown

Grants Paid $0

Salaries & Benefits $381,716

Fundraising Expenses $985

Program Expenses $223,029

Other Expenses $171,007

TOTAL EXPENSES $552,723

Year-over-Year Comparison

	2024	2023	Change
Revenue	$520,814	$755,727	-0.3%
Expenses	$552,723	$743,828	-0.3%
Net Income	$-31,909	$11,899	-3.7%

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

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

$46,500

Total Directors

Key Employees

$105,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rosalinda Sanchez	CEO	40	Key Emp Highest	$105,000	$0	$105,000
Louis Stone-Collonge	Director of Fundraising	10	Officer	$46,500	$0	$46,500

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	$520,814	$552,723	$52,650	$-31,909
2024	$755,727	$743,828	$110,799	$11,899
2023	$557,036	$523,749	$187,627	$33,287
2023	$421,640	$523,755	$172,634	$-102,115
2022	$398,582	$318,035	$127,863	$80,547

AUDACITY PERFORMING ARTS PROJECT INC