THE WANG CENTER FOR THE PERFORMING ARTS INC (EIN 510197209) - 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

1976

Legal Domicile

Principal Officer

JOHN CASEY SOWARD

Phone

6174829393

Tax Period

2024-06-01 to 2025-05-31

THE WANG CENTER FOR THE PERFORMING ARTS INC, founded in 1976, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.5M in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Net assets of $39.9M represent 87 months of operating reserves.

Mission

THE BOCH CENTER OPERATES AND MAINTAINS TWO ICONIC VENUES AND PROVIDES PERFORMING ARTS ENTERTAINMENT AND CULTURAL EDUCATIONAL EXPERIENCES TO THE GENERAL PUBLIC.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,793,012

Program Service Revenue $1,163,440

Investment Income $772,895

Other Revenue $1,751,424

TOTAL REVENUE $5,480,771

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,427,438

Fundraising Expenses $721,857

Program Expenses $2,103,533

Other Expenses $2,235,484

TOTAL EXPENSES $5,662,922

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,480,771	$8,751,581	-0.4%
Expenses	$5,662,922	$6,058,663	-0.1%
Net Income	$-182,151	$2,692,918	-1.1%

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

182

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

$447,628

Total Directors

Key Employees

$852,682

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK WELD	CHAIRMAN/DIRECTOR	1.00	Officer Director	$0	$0	$0
COURTNEY WANG	VICE CHAIRMAN/DIRECTOR	1.00	Officer Director	$0	$0	$0
GINA CONSYLMAN	VICE CHAIRMAN/DIRECTOR	1.00	Officer Director	$0	$0	$0
GREGORY WHITE	VICE CHAIRMAN/DIRECTOR	1.00	Officer Director	$0	$0	$0
MICHAEL CHRISTIAN	VICE CHAIRMAN/DIRECTOR	1.00	Officer Director	$0	$0	$0
STEPHEN GIULIETTI	TREASURER/DIRECTOR	1.00	Officer Director	$0	$0	$0
BRIAN AWE	CLERK/DIRECTOR	1.00	Officer Director	$0	$0	$0
BARBARA TRACHTENBERG	ASSISTANT CLERK	1.00	Officer Director	$0	$0	$0
SCOTT LEVY	DIRECTOR	1.00	Director	$0	$0	$0
MARY-KATHLEEN O'CONNELL	DIRECTOR	1.00	Director	$0	$0	$0
JULIA MIRAK KEW	DIRECTOR	1.00	Director	$0	$0	$0
SPRING SIRKIN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BAUMANN	DIRECTOR	1.00	Director	$0	$0	$0
ERNIE BOCH JR	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN SEGALINI	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN GALLI	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MACNEIL	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS DEVESTO	DIRECTOR	1.00	Director	$0	$0	$0
JEREMIAH J NOONAN	DIRECTOR	1.00	Director	$0	$0	$0
ARMAND CIRCHARO	DIRECTOR	1.00	Director	$0	$0	$0
FORD O'NEIL	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN F PERKINS	INTERIM CO-CEO (TIL 10/24)/ VP & CFO	9.00	Officer	$297,000	$40,133	$337,133
JOHN CASEY SOWARD	PRESIDENT & CEO (AS OF 10/24)	20.00	Officer	$101,879	$8,616	$110,495
MICHAEL SZCZEPKOWSKI	INTERIM CO-CEO (TIL 10/24)/ VP & GM	0.00	Key Emp	$308,638	$54,342	$362,980
SUE PEKOCK	VP & CAO OF DEV & INS. MKTG.	40.00	Key Emp	$224,957	$23,346	$248,303
BRIAN GALE	VP & MANAGING DIR. BOOKING	0.00	Key Emp	$230,730	$10,669	$241,399
COREY EVANS	VP & SR DIR OF EDUCATION	40.00	Highest	$148,022	$54,815	$202,837
LISA MUISE	CONTROLLER	9.00	Highest	$172,665	$9,525	$182,190
ERIC NEILL	DIRECTOR OF THEATRE OPERATIONS	0.00	Highest	$133,797	$46,205	$180,002
ANNE TAYLOR	SENIOR EXECUTIVE ASSISTANT	20.00	Highest	$134,093	$20,553	$154,646
JOHN WORDEN	BOX OFFICE TREASURER	0.00	Highest	$128,059	$11,814	$139,873
JOSIAH A SPAULDING JR	FORMER PRESIDENT & CEO	20.00		$463,478	$32,722	$496,200

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
2025	$5,480,771	$5,662,922	$41,503,396	$-182,151
2024	$8,751,581	$6,058,663	$40,698,817	$2,692,918
2023	$6,120,245	$4,781,970	$36,071,005	$1,338,275
2022	$6,359,659	$3,663,997	$34,395,056	$2,695,662
2021	$5,773,178	$2,985,233	$37,561,332	$2,787,945
2020	$5,395,157	$4,109,434	$31,561,797	$1,285,723
2019	$6,234,414	$4,464,546	$28,355,912	$1,769,868
2018	$6,039,607	$3,985,416	$24,791,507	$2,054,191

THE WANG CENTER FOR THE PERFORMING ARTS INC