FRIENDS OF THE LEVITT PAVILION 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

1975

Legal Domicile

Principal Officer

FREDA WELSH

Phone

2032267600

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THE LEVITT PAVILION INC, founded in 1975, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $1.5M exceeded revenue, resulting in a 19% operating deficit.

Mission

PROVIDE FREE AND ABUNDANT ACCESS TO THE PERFORMING ARTS; PRESENT AND SUPPORT DIVERSE AND DYNAMIC ARTISTS FROM AROUND THE GLOBE; CULTIVATE A COMMUNITY DESTINATION WHERE PEOPLE OF ALL AGES AND BACKGROUNDS ARE WELCOME AND ENCOURAGED TO GET TO KNOW THE ARTS, NATURE AND EACH OTHER.

Program Service Accomplishments

Program 1

Expenses: $1,284,458 Revenue: $474,196

THE LEVITT PAVILION PRODUCES ONE OF THE LARGEST AND LONGEST RUNNING OUTDOOR PERFORMING ARTS FESTIVALS IN THE NATION. OVER THE COURSE OF MORE THAN FIVE DECADES, THE ORGANIZATION'S SEASON, WHICH...

THE LEVITT PAVILION PRODUCES ONE OF THE LARGEST AND LONGEST RUNNING OUTDOOR PERFORMING ARTS FESTIVALS IN THE NATION. OVER THE COURSE OF MORE THAN FIVE DECADES, THE ORGANIZATION'S SEASON, WHICH INCLUDES ITS SIGNATURE "50 FREE SHOWS UNDER THE STARS," HAS ENTERTAINED OVER 15 MILLION GUESTS. THE LEVITT PAVILION'S ON-SITE OUTDOOR PROGRAMS RUN BETWEEN APRIL AND OCTOBER, WELCOMING 85,000+ PATRONS EACH YEAR TO ITS ICONIC AMPHITHEATER ON THE BANKS OF THE SAUGATUCK RIVER IN DOWNTOWN WESTPORT. THE LEVITT PAVILION CONTINUES ITS ORGANIZATIONAL COMMITMENT TO PRESENTING DIVERSE ARTISTS AND GENRES. THE SEASON'S FREE AND PAID TICKET PROGRAMMING FEATURED AWARD-WINNING, EMERGING, AND GROUND - BREAKING ARTISTS FROM AROUND THE WORLD.

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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 $771,205

Program Service Revenue $474,196

Investment Income $6,270

Other Revenue $23,200

TOTAL REVENUE $1,274,871

Expense Breakdown

Grants Paid $0

Salaries & Benefits $288,455

Fundraising Expenses $111,573

Program Expenses $1,284,458

Other Expenses $1,227,269

TOTAL EXPENSES $1,515,724

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,274,871	$1,527,477	-0.2%
Expenses	$1,515,724	$1,213,227	+0.2%
Net Income	$-240,853	$314,250	-1.8%

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

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

$233,442

Total Directors

$114,950

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FREDA WELSH	EXECUTIVE DIRECTOR	40.00	Officer Director	$110,000	$4,950	$114,950
JANET PLOTKIN	CHAIRMAN	3.00	Officer Director	$0	$0	$0
ANDREW FLEISCHMAN ESQ	PRESIDENT	3.00	Officer Director	$0	$0	$0
JULIE MONAHAN	TREASURER	4.00	Officer Director	$0	$0	$0
PATRICIA BLAUSFUSS	SECRETARY	1.00	Officer Director	$0	$0	$0
DAN ARON	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK ASHE	DIRECTOR	1.00	Director	$0	$0	$0
G KENNETH BERNHARD ESQ	DIRECTOR	1.00	Director	$0	$0	$0
BRIDGETT DI BONAVENTURA	DIRECTOR	1.00	Director	$0	$0	$0
MIGGS BURROUGHS	DIRECTOR	1.00	Director	$0	$0	$0
KAREN HESS	DIRECTOR	1.00	Director	$0	$0	$0
ROGER LEIFER ESQ	DIRECTOR	1.00	Director	$0	$0	$0
GABRIELLA MAYS	DIRECTOR	1.00	Director	$0	$0	$0
KALYN PAUL	DIRECTOR	1.00	Director	$0	$0	$0
CARLEIGH WELSH	MARKETING & DEV. DIRECTOR	40.00	Officer	$105,000	$13,492	$118,492

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	$1,274,871	$1,515,724	$1,052,592	$-240,853
2022	$1,527,477	$1,213,227	$1,278,223	$314,250
2021	$914,784	$712,120	$1,013,121	$202,664
2020	$397,172	$361,305	$774,596	$35,867
2019	$482,095	$584,439	$616,918	$-102,344
2018	$670,298	$533,709	$724,442	$136,589