PAYOMET 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

2015

Legal Domicile

Principal Officer

DAVID LUBIN

Phone

5083492929

Tax Period

2023-01-01 to 2023-12-31

PAYOMET INC, founded in 2015, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.0M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE MUSICAL AND THEATRICAL ENTERTAINMENT AND EDUCATIONAL PROGRAMMING.

Program Service Accomplishments

Program 1

Expenses: $1,772,407 Revenue: $1,188,061

PERFORMANCES IN THEATER, MUSIC, AND DANCE PRESENTED FOR THE BENEFIT OF THE OUTER CAPE RESIDENTS AND VISITORS AND SUMMER CIRCUS CLASSES FOR CHILDREN.

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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 $704,657

Program Service Revenue $1,188,061

Investment Income $2,158

Other Revenue $97,411

TOTAL REVENUE $1,992,287

Expense Breakdown

Grants Paid $0

Salaries & Benefits $676,758

Fundraising Expenses $189,705

Program Expenses $1,814,125

Other Expenses $1,455,341

TOTAL EXPENSES $2,132,099

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,992,287	$1,736,365	+0.1%
Expenses	$2,132,099	$1,689,409	+0.3%
Net Income	$-139,812	$46,956	-4.0%

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

168

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

$90,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID LUBIN	PRESIDENT	2.00	Officer Director	$0	$0	$0
RUSSELL BRAUN	TREASURER	2.00	Officer Director	$0	$0	$0
CLAIRE ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN KUMATA	DIRECTOR	1.00	Director	$0	$0	$0
BARRY BLUESTONE	DIRECTOR	1.00	Director	$0	$0	$0
LISA BROWN	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN CARNO	DIRECTOR	1.00	Director	$0	$0	$0
ALAN CHEBOT	DIRECTOR	1.00	Director	$0	$0	$0
JAMES BISCEGLIA	DIRECTOR/SEC	1.00	Director	$0	$0	$0
MELINDA KRASTING	DIRECTOR	1.00	Director	$0	$0	$0
DEB ULMAN	DIRECTOR	1.00	Director	$0	$0	$0
STAN SIKORSKI	DIRECTOR	1.00	Director	$0	$0	$0
ORIANA CONKLIN	DIRECTOR	1.00	Director	$0	$0	$0
BOB SEAY	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN RICE	EXECUTIVE DI	40.00	Director	$90,000	$0	$90,000

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	$1,992,287	$2,132,099	$922,567	$-139,812
2022	$1,736,365	$1,689,409	$1,100,311	$46,956
2021	$1,608,583	$1,154,478	$1,243,227	$454,105
2020	$574,263	$527,345	$533,986	$46,918
2019	$1,635,430	$1,531,758	$454,770	$103,672