FRIENDS OF THE PARADISE THEATER

EIN: 464780502 501(c)(3) Arts, Culture & Humanities

PAONIA, CO

Total Revenue
$214,313
Total Expenses
$250,342
Total Assets
$165,823
Net Assets
$91,950
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
CO
Principal Officer
JAY CANODE
Phone
9705276610
Tax Period
2024-01-01 to 2024-12-31

FRIENDS OF THE PARADISE THEATER, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $214K in total revenue in fiscal year 2024. Expenses of $250K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO ENHANCE THE QUALITY OF LIFE OF THE NORTH FORK VALLEY BY CREATING OPPORTUNITIES THAT ENABLE EDUCATIONAL, CULTURAL AND OTHER COMMUNITY ACTIVITIES. WE ARE COMMITTED TO PROVIDING THE HIGHEST QUALITY MULTI-MEDIA AND LIVE PERFORMANCES, SHARING STORIES THAT ENDURE, AND PROVIDING ACCESSIBILITY TO ALL AUDIENCES. AS A NOT-FOR-PROFIT CORPORATION, WE FULFILL OUR MISSION THROUGH THE PRODUCTION OF CLASSIC PLAYS, FILM AND MUSICALS; DEVELOPMENT AND PRODUCTION OF NEW WORKS BY ESTABLISHED AND EMERGING ARTISTS; EDUCATIONAL INITIATIVES THAT ENRICH THE LIVES OF CHILDREN AND ADULTS; AND OUTREACH PROGRAMS THAT ENRICH AND ENGAGE ALL AUDIENCES

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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 (2024)

Revenue Breakdown

Contributions & Grants $99,211
Program Service Revenue $115,076
Investment Income $26
Other Revenue $0
TOTAL REVENUE $214,313

Expense Breakdown

Grants Paid $0
Salaries & Benefits $74,427
Fundraising Expenses $4,460
Program Expenses $199,762
Other Expenses $175,915
TOTAL EXPENSES $250,342

Year-over-Year Comparison

2024 2023 Change
Revenue $214,313 $216,876 0.0%
Expenses $250,342 $203,512 +0.2%
Net Income $-36,029 $13,364 -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

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Governance

Voting Members
6
Independent Members
6
Employees
12
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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL BIGGERSTAFF VICE PRESIDE 2.00
Officer Director
$0 $0 $0
JAY CANODE PRESIDENT 2.00
Officer Director
$0 $0 $0
BART ELLER MEMBER 2.00
Director
$0 $0 $0
MELANIE FINAN MEMBER 2.00
Director
$0 $0 $0
BEN LEHMAN MEMBER 2.00
Director
$0 $0 $0
DANIEL ZISKIN TREASURER 2.00
Officer 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 $214,313 $250,342 $165,823 $-36,029
2023 $216,876 $203,512 $213,545 $13,364
2021 $345,519 $346,072 $288,859 $-553
2020 $222,291 $214,181 $289,493 $8,110
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