VENICE ISLAND PERFORMING ARTS AND RECREATION CENTER INC (EIN 465130532) - 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

2014

Legal Domicile

Principal Officer

KAY SYKORA

Phone

2156853583

Tax Period

2022-10-01 to 2023-09-30

VENICE ISLAND PERFORMING ARTS AND RECREATION CENTER INC, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $105K in total revenue in fiscal year 2022. Revenue surged 77% from the prior year, signaling strong growth momentum. The organization ran a surplus of $31K, a strong 30% operating margin.

Mission

THE MISSION OF THE ORGANIZATION IS TO PROMOTE AND DEVELOP THE GROWTH OF PERFORMING ARTISTS IN PHILADELPHIA BY PROVIDING QUALITY PERFORMING ARTS PROGRAMS AND EDUCATION IN COOPERATION WITH THE PHILADELPHIA PARKS & RECREATION STAFF TO IMPROVE THE QUALITY AND DIVERSITY OF PROGRAMS AVAILABLE AT RECREATION FACILITIES

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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 $0

Program Service Revenue $104,541

Investment Income $0

Other Revenue $0

TOTAL REVENUE $104,541

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,297

Fundraising Expenses $0

Program Expenses $67,410

Other Expenses $40,199

TOTAL EXPENSES $73,496

Year-over-Year Comparison

	2022	2021	Change
Revenue	$104,541	$59,094	+0.8%
Expenses	$73,496	$64,842	+0.1%
Net Income	$31,045	$-5,748	-6.4%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM DIGNAM	PRESIDENT	5.00	Officer Director	$0	$0	$0
KAY SYKORA	TREASURER	5.00	Officer Director	$0	$0	$0
LARRY IACCIO	SECRETARY	5.00	Officer Director	$0	$0	$0
KELLY ORENSHAW	SECRETARY	5.00	Officer Director	$0	$0	$0
EILEEN GARY	DIRECTOR	5.00	Director	$0	$0	$0
WILLIAM POWELL	DIRECTOR	5.00	Director	$0	$0	$0
DARALYSE LYONS	DIRECTOR	5.00	Director	$0	$0	$0
GWEN MCCAULEY	DIRECTOR	5.00	Director	$0	$0	$0
ADRIENNE MAITLAND-lAGUDA	DIRECTOR	5.00	Director	$0	$0	$0
SHAV'ON SMITH	DIRECTOR	5.00	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	$104,541	$73,496	$171,980	$31,045
2023	$39,138	$22,084	$198,524	$17,054
2022	$59,094	$64,842	$121,371	$-5,748
2021	$26,353	$26,908	$124,051	$-555
2020	$63,578	$91,899	$111,682	$-28,321
2018	$110,408	$75,373	$181,287	$35,035

VENICE ISLAND PERFORMING ARTS AND RECREATION CENTER INC