PERFORMING ARTS CENTER OF RAPID CITY INC

EIN: 464276537 501(c)(3) Arts, Culture & Humanities

RAPID CITY, SD

Total Revenue
$269,613
Total Expenses
$283,206
Total Assets
$715,821
Net Assets
$591,585
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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
SD
Principal Officer
NICOLAS JOHNSON
Phone
6053946191
Tax Period
2023-07-01 to 2024-06-30

PERFORMING ARTS CENTER OF RAPID CITY INC, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $270K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Net assets of $592K represent 26 months of operating reserves.

Mission

THE PERFORMING ARTS CENTER OF RAPID CITY'S MISSION IS TO PROVIDE A HOME FOR THE PERFORMING ARTS. ITS VISION IS TO FULLY REFLECT OUR ENTIRE COMMUNITY THROUGH AN EVER-WIDENING ARRAY OF PERFORMING ARTS. THIS WILL BE ACCOMPLISHED BY REMEMBERING OUR SHARED VALUES AND FOLLOWING OUR STRATEGIC GOALS: SHARED VALUES: CREATIVITY, COMMUNITY, COLLABORATION, LEARNING, ADVOCACY, INCLUSIVITY, DIVERSITY, EQUALITY, SUSTAINABILITY, AND RESPONSIBILITY. GOAL 1 - BOARD OF DIRECTORS GOVERNANCE: TO SUSTAIN A VIABLE BOARD THROUGH UPDATED BYLAWS AND A SUCCESSION PLAN FRAMEWORK. GOAL 2 - PARTNERSHIPS: TO ESTABLISH NEW STRATEGIC PARTNERSHIPS WHILE STRENGTHENING CURRENT PARTNERSHIPS. GOAL 3 - STAFFING: TO PROVIDE ADEQUATE STAFF FOR OPERATING AN AFFORDABLE AND EFFECTIVE ORGANIZATION. GOAL 4 - FACILITIES: TO DEVELOP & PURSUE A PLAN FOR AN EXPANSION/ADDITION OF THE FACILITY AND UPGRADE THE PARKING. GOAL 5 FUNDING: TO DEVELOP A FRAMEWORK FOR FINDING NEW FUNDING SOURCES. GOAL 6 - MARKETING: TO ESTABLISH THE PERFORMING

Program Service Accomplishments

Program 1
Expenses: $189,892 Revenue: $142,437

THE ORGANIZATION OPERATES TWO VENUES: THE 830-SEAT HISTORIC THEATRE AND THE 170-SEAT STUDIO THEATRE. THE CENTER IS HOME TO BLACK HILLS COMMUNITY THEATER, BLACK HILLS SYMPHONY, BLACK HILLS SHOWCASE...

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THE ORGANIZATION OPERATES TWO VENUES: THE 830-SEAT HISTORIC THEATRE AND THE 170-SEAT STUDIO THEATRE. THE CENTER IS HOME TO BLACK HILLS COMMUNITY THEATER, BLACK HILLS SYMPHONY, BLACK HILLS SHOWCASE CHORUS, SHRINE OF DEMOCRACY CHORUS, AND RAPID CITY HIGH SCHOOL. THE CENTER HOSTS MULTIPLE LOCALLY PRODUCED SHOWS EACH YEAR, IN ADDITION TO TOURING PROFESSIONAL ARTISTS, PLAYS AND CONCERTS PRESENTED BY RAPID CITY SCHOOL CHILDREN, AND PERFORMANCES BY LOCAL GROUPS. RAPID CITY AREA SCHOOL DISTRICT OWNS THE COMPLETED FACILITY; HOWEVER, THE ORGANIZATION CURRENTLY MANAGES THE FACILITY THROUGH A MEMORANDUM OF UNDERSTANDING. THE ORGANIZATION IS THE CENTRAL POINT OF CONTACT FOR ALL ACTIVITIES WITHIN ITS VENUES, IS THE PRIMARY PROMOTER OF THESE ACTIVITIES, PROVIDES TECHNICAL SUPPORT, BOX OFFICE STAFFING, CONCESSIONS STAFFING AND COORDINATES ALL VOLUNTEER STAFFING FOR THESE ACTIVITIES. IT IS THE VISION OF THE PERFORMING ARTS CENTER OF RAPID CITY TO BUILD COMMUNITY AROUND THE PERFORMING ARTS AND AMONG ARTISTS AND AUDIENCES WHO COME TOGETHER FOR THE SHARED EXPERIENCE THAT ONLY THE PERFORMING ARTS PROVIDE NOW AND WELL INTO THE FUTURE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $76,044
Program Service Revenue $142,437
Investment Income $14,544
Other Revenue $36,588
TOTAL REVENUE $269,613

Expense Breakdown

Grants Paid $0
Salaries & Benefits $162,361
Fundraising Expenses $459
Program Expenses $189,892
Other Expenses $120,845
TOTAL EXPENSES $283,206

Year-over-Year Comparison

2023 2022 Change
Revenue $269,613 $284,175 -0.1%
Expenses $283,206 $291,098 0.0%
Net Income $-13,593 $-6,923 +1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
25
Volunteers
245

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
5
$72,695
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICOLAS JOHNSON EXECUTIVE DI 40.00
Officer
$65,566 $7,129 $72,695
ERIC PICKAR PRESIDENT 2.00
Officer Director
$0 $0 $0
JANA WHITE VICE PRESIDE 1.25
Officer Director
$0 $0 $0
STEPHANIE HELMS SECRETARY 1.25
Officer Director
$0 $0 $0
JUSTIN KLAPPERICH TREASURER 1.25
Officer Director
$0 $0 $0
MICHAEL BIRKELAND DIRECTOR 1.00
Director
$0 $0 $0
PETE CAPPA DIRECTOR 1.00
Director
$0 $0 $0
JADE CLEMENT DIRECTOR 1.00
Director
$0 $0 $0
CRISSY DAVIES DIRECTOR 1.00
Director
$0 $0 $0
BILL EVANS DIRECTOR 1.00
Director
$0 $0 $0
ELLERY GREY DIRECTOR 1.00
Director
$0 $0 $0
KIRSTEN HOLLENBECK DIRECTOR 1.00
Director
$0 $0 $0
KAY KELTS DIRECTOR 1.00
Director
$0 $0 $0
TYLER MATHIESON DIRECTOR 1.00
Director
$0 $0 $0
GERRIT SCHEEPERS DIRECTOR 1.00
Director
$0 $0 $0
KATELYN WOTEN 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
2025 No data No data No data No data
2024 $269,613 $283,206 $715,821 $-13,593
2023 $284,175 $291,098 $727,143 $-6,923
2022 $241,181 $280,645 $648,818 $-39,464
2021 $273,020 $169,926 $682,667 $103,094
2020 $253,017 $286,886 $607,014 $-33,869
2019 $357,697 $314,641 $624,048 $43,056
2018 $278,654 $309,227 $558,330 $-30,573
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