PARTNERSHIP INC

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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

Principal Officer

BOB BANGHART

Phone

9074194206

Tax Period

2024-07-01 to 2025-06-30

PARTNERSHIP INC, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $617K in total revenue in fiscal year 2024. Revenue surged 82% from the prior year, signaling strong growth momentum. The organization ran a surplus of $509K, a strong 82% operating margin.

Mission

THE MISSION OF THE PARTNERSHIP IS TO DESIGN, FUND, AND CONSTRUCT THE NEW JUNEAU ARTS AND CULTURAL CENTER (JACC).

Program Service Accomplishments

Program 1

Expenses: $55,224

THE PURPOSE OF THE PARTNERSHIP INC (NEW JACC) IS TO CONSTRUCT A BUILDING THAT BRINGS TOGETHER ARTISTIC AND CULTURAL ACTIVITIES. IT WILL BE A MULTI- PURPOSE FACILITY SERVING AS A HOME FOR THE JUNEAU ARTS & HUMANITIES COUNCIL & OTHER ARTS ORGANIZATIONS, AND WILL PROVIDE SPACE FOR PERFORMANCES, EXHIBITS, CELEBRATIONS AND GATHERINGS FOR THE ENGAGEMENT AND IMPROVEMENT OF THE JUNEAU COMMUNITY. CONTINUED WORK TO RAISE THE FUNDS NEEDED TO COMPLETE DESIGN AND BEGIN CONSTRUCTION. 57,012 OF PRE-DESIGN WORK WAS CAPITALIZED DURING THIS FISCAL YEAR. BEGAN EXPLORING A POTENTIAL PRIVATE-PUBLIC PARTNERSHIP WITH OTHER NON- PROFIT ORGANIZATIONS AND MUNICIPAL GOVERNMENT, THAT WOULD ALLOW THE PROJECT TO EXPAND ITS REACH BEYOND THE ARTS AND CULTURE SECTOR, ULTIMATELY ENCOURAGING BROAD PARTICIPATION AND ENGAGEMENT BY THE COMMUNITY AND THE CONVENTION/VISITOR INDUSTRY.

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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 $467,008

Program Service Revenue $0

Investment Income $148,642

Other Revenue $1,536

TOTAL REVENUE $617,186

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,230

Fundraising Expenses $16,105

Program Expenses $55,224

Other Expenses $53,824

TOTAL EXPENSES $108,054

Year-over-Year Comparison

	2024	2023	Change
Revenue	$617,186	$339,507	+0.8%
Expenses	$108,054	$120,276	-0.1%
Net Income	$509,132	$219,231	+1.3%

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

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

$58,141

Total Directors

$18,001

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB BANGHART	EXECUTIVE DI	20.00	Officer	$40,140	$0	$40,140
NANCY DECHERNEY	SECRETARY/ O	1.00	Officer Director	$18,001	$0	$18,001
BRUCE BOTELHO	CO-CHAIR	1.00	Officer Director	$0	$0	$0
JOHN CLOUGH	CO-CHAIR	1.00	Officer Director	$0	$0	$0
ANNIE CALKINS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MARY WEGNER	TREASURER	1.00	Officer Director	$0	$0	$0
PETER JURASZ	DIRECTOR	1.00	Director	$0	$0	$0
JAMES BIBB	DIRECTOR	1.00	Director	$0	$0	$0
WALTER CARPENETI	DIRECTOR	1.00	Director	$0	$0	$0
JEV SHELTON	DIRECTOR	1.00	Director	$0	$0	$0
FLORDELINO LAGUNDINO	DIRECTOR	1.00	Director	$0	$0	$0
HAIFA FOROUGHI	DIRECTOR	1.00	Director	$0	$0	$0
LISA DENNY	DIRECTOR	1.00	Director	$0	$0	$0
CARIN SILKAIDIS	DIRECTOR	1.00	Director	$0	$0	$0
PHILLIP HUEBSCHEN	DIRECTOR	1.00	Director	$0	$0	$0
JULIE WILLOUGHBY	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	$617,186	$108,054	$4,976,698	$509,132
2024	No data	No data	No data	No data
2023	$236,483	$119,456	$4,035,008	$117,027
2022	$380,957	$126,133	$3,822,211	$254,824
2021	$245,740	$100,957	$3,935,469	$144,783
2020	$569,024	$135,345	$3,794,173	$433,679
2019	$937,869	$100,824	$3,326,156	$837,045
2018	$1,447,872	$88,942	$2,526,652	$1,358,930
2017	$948,320	$148,779	$1,170,701	$799,541