SKYLANDS PERFORMING ARTS CENTER INC (EIN 462077278) - 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

2016

Legal Domicile

Principal Officer

JONATHAN PEIRCE

Phone

9733833700

Tax Period

2023-01-01 to 2023-12-31

SKYLANDS PERFORMING ARTS CENTER INC, founded in 2016, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.6M in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $2.5M left a modest 5% surplus.

Mission

TO PROVIDE TOP QUALITY LIVE MUSIC, LIVE PRODUCTIONS, AND CURRENT CINEMA TO THE SUSSEX COUNTY AREA AT THE REFURBISHED NEWTON THEATER.

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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 (2023)

Revenue Breakdown

Contributions & Grants $45,439

Program Service Revenue $2,580,561

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,626,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $654,785

Fundraising Expenses $0

Program Expenses $2,098,350

Other Expenses $1,844,592

TOTAL EXPENSES $2,499,377

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,626,000	$1,822,681	+0.4%
Expenses	$2,499,377	$2,049,129	+0.2%
Net Income	$126,623	$-226,448	-1.6%

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

$268,923

Total Directors

$268,923

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONATHAN PEIRCE	PRESIDENT/TR	40.00	Officer Director	$213,000	$0	$213,000
PAUL LARENA	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
NANCY PEIRCE	SECRETARY	40.00	Officer Director	$55,923	$0	$55,923
ALLISON LARENA	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$2,626,000	$2,499,377	$1,040,744	$126,623
2022	$1,822,681	$2,049,129	$933,346	$-226,448
2021	$2,151,547	$1,014,717	$1,425,072	$1,136,830
2020	$483,428	$993,296	$213,257	$-509,868
2019	$2,086,299	$2,137,906	$135,946	$-51,607
2018	$1,696,350	$1,558,596	$225,902	$137,754

SKYLANDS PERFORMING ARTS CENTER INC