SPAA THEATRE PERFORMING ARTS CENTER (EIN 463270030) - 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

2013

Legal Domicile

Phone

7087489470

Tax Period

2022-01-01 to 2022-12-31

SPAA THEATRE PERFORMING ARTS CENTER, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $373K in total revenue in fiscal year 2022. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $441K exceeded revenue, resulting in a 18% operating deficit.

Mission

THE ORGANIZATION'S EXEMPT PURPOSE IS TO EDUCATE, INFORM, INVOKE IMAGINATION, PROVOKE SENSES & STIMULATE EMOTIONS BY BRINGING EDUCATION AND PERFORMINGS ARTS TO THE REGION IN WHICH THE THEATRE IS LOCATED.

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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 $302,963

Program Service Revenue $69,756

Investment Income $0

Other Revenue $0

TOTAL REVENUE $372,719

Expense Breakdown

Grants Paid $0

Salaries & Benefits $236,442

Fundraising Expenses $0

Program Expenses $436,868

Other Expenses $204,682

TOTAL EXPENSES $441,124

Year-over-Year Comparison

	2022	2021	Change
Revenue	$372,719	$583,204	-0.4%
Expenses	$441,124	$593,470	-0.3%
Net Income	$-68,405	$-10,266	+5.7%

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

N/A

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

Total Directors

$64,665

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DLECINE WILKINS	Executive Dir.	40.00	Director	$64,665	$0	$64,665
TAMMY MONTGOMERY	N/A	40.00		$35,808	$0	$35,808
ANGELA WIGGINS	N/A	20.00		$21,951	$0	$21,951
MICHAEL WILKINS III	N/A	40.00		$14,730	$0	$14,730
ANGRESTASIA GROVER	N/A	40.00		$11,680	$0	$11,680
LISA CLAIBORNE	N/A	40.00		$10,791	$0	$10,791

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
2022	$372,719	$441,124	No data	$-68,405
2021	$583,204	$593,470	$17,814	$-10,266

SPAA THEATRE PERFORMING ARTS CENTER