Bay State Performing Arts Inc (EIN 521255775) - 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

1982

Legal Domicile

Phone

6175427464

Tax Period

2024-09-01 to 2025-08-31

Bay State Performing Arts Inc, founded in 1982, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $940K left a modest 9% surplus.

Mission

Organization creates musical experiences to inspire change, build community and celebrate difference.

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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 $487,999

Program Service Revenue $490,515

Investment Income $0

Other Revenue $50,814

TOTAL REVENUE $1,029,328

Expense Breakdown

Grants Paid $0

Salaries & Benefits $373,275

Fundraising Expenses $48,359

Program Expenses $685,621

Other Expenses $566,671

TOTAL EXPENSES $939,946

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,029,328	$1,119,050	-0.1%
Expenses	$939,946	$1,097,974	-0.1%
Net Income	$89,382	$21,076	+3.2%

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

N/A

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

$135,617

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sarah Shoffner	Executive Director	40.00	Key Emp	$109,854	$25,763	$135,617
Danielle Gallian	Director	3.00	Director	$0	$0	$0
Curtis Creekmore	Director	2.00	Director	$0	$0	$0
Brian Levin	Director	4.00	Director	$0	$0	$0
John Ferguson	Director	1.00	Director	$0	$0	$0
Devin P Lalas	Director	2.00	Director	$0	$0	$0
Jenn Garofolo	Director	3.00	Director	$0	$0	$0
Monika Wirtz	Director	1.00	Director	$0	$0	$0
Michael Steinberg	Director	3.00	Director	$0	$0	$0
Richard Redmond	Director	3.00	Director	$0	$0	$0
John Strumwasser	Directer	1.00	Director	$0	$0	$0
Alfred OConnell	President	10.00	Officer	$0	$0	$0
Shalyn Bond	Clerk	5.00	Officer	$0	$0	$0
Kerry Patterson	Treasurer	5.00	Officer	$0	$0	$0
Tyler Brewer	Vice President	5.00	Officer	$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
2025	$1,029,328	$939,946	$837,202	$89,382
2024	$1,119,050	$1,097,974	$746,844	$21,076
2023	$1,055,613	$1,109,383	$682,625	$-53,770
2022	$1,098,375	$1,010,597	$718,080	$87,778
2021	$804,650	$539,580	$651,074	$265,070
2020	$902,348	$722,200	$431,100	$180,148
2019	$803,234	$773,182	$192,567	$30,052

Bay State Performing Arts Inc