THE ACORN CENTER FOR THE PERFORMIN… - Form 990 Financial Data

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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

2015

Legal Domicile

Principal Officer

BOB MURPHY

Phone

2693369141

Tax Period

2023-01-01 to 2023-12-31

THE ACORN CENTER FOR THE PERFORMING ARTS, founded in 2015, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $1.6M left a modest 8% surplus.

Mission

To offer a broad range of high-quality entertainment that nurtures cultural experience, participation and community engagement among residents and visitors of all ages, and enhances the economic vitality of the region.

Program Service Accomplishments

Program 1

Expenses: $1,501,356 Revenue: $983,018

INCOME FROM THEATRE PRODUCTIONS, LOCAL OPEN EVENTS, MUSICAL DEVELOPMENT COMPETITIONS AND WORKSHOPS

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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 (2023)

Revenue Breakdown

Contributions & Grants $597,651

Program Service Revenue $983,018

Investment Income $4,715

Other Revenue $139,998

TOTAL REVENUE $1,725,382

Expense Breakdown

Grants Paid $0

Salaries & Benefits $472,900

Fundraising Expenses $4,867

Program Expenses $1,501,356

Other Expenses $1,112,860

TOTAL EXPENSES $1,585,760

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,725,382	$1,366,456	+0.3%
Expenses	$1,585,760	$1,174,273	+0.4%
Net Income	$139,622	$192,183	-0.3%

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

Volunteers

105

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
ASHLEY MAGNUS	EXECUTIVE DIRECTOR	40.00		$108,019	$0	$108,019
LAURA MADSEN JOLLY	Director	1.00	Director	$0	$0	$0
AMY BLACK	Treasurer	1.00	Officer Director	$0	$0	$0
JANET DAVIES	Director	1.00	Director	$0	$0	$0
FRED BRANDSTRADER	Director	1.00	Director	$0	$0	$0
KATHY STADY	Director	1.00	Director	$0	$0	$0
JENNIFER SHOUP	Secretary	1.00	Officer Director	$0	$0	$0
BRETT BOYD	Director	1.00	Director	$0	$0	$0
BOB MURPHY	Chairman	1.00	Officer Director	$0	$0	$0
JON GOLDMAN	Director	1.00	Director	$0	$0	$0
ASHLEY MAGNUS	Executive Dir.	1.00	Director	$0	$0	$0
BRAD MARTIN	Director	1.00	Director	$0	$0	$0
STEVEN ELLIS	Director	1.00	Director	$0	$0	$0
PADDY LAUBER	Director	1.00	Director	$0	$0	$0
CHRIS SCHUBA	Director	1.00	Director	$0	$0	$0
KATHY SPRAU	Director	1.00	Director	$0	$0	$0
JULIE WALCZAK	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
2024	No data	No data	No data	No data
2023	$1,725,382	$1,585,760	$1,785,064	$139,622
2022	$1,366,456	$1,174,273	$1,645,736	$192,183
2021	$1,128,558	$797,508	$746,406	$331,050
2020	$434,230	$424,120	$436,569	$10,110
2019	$1,011,350	$949,708	$257,610	$61,642
2018	$675,754	$641,190	$176,289	$34,564

THE ACORN CENTER FOR THE PERFORMING ARTS