ATLAS PERFORMING ARTS CENTER (EIN 522358563) - 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

2001

Legal Domicile

Principal Officer

JARROD BENNETT

Phone

2023997993

Tax Period

2023-09-01 to 2024-08-31

ATLAS PERFORMING ARTS CENTER, founded in 2001, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.7M in total revenue in fiscal year 2023. Expenses of $3.6M exceeded revenue, resulting in a 35% operating deficit.

Mission

THE ATLAS IS A CREATIVE SPACE FOR ARTISTS AND AUDIENCES TO EXPLORE THE IDEA AND ISSUES OF OUR TIME. WE NURTURE AN EQUITABLE HOME FOR ARTISTS REPRESENTING OUR DIVERSE COMMUNITY. WE LEVERAGE PARTNERSHIPS AND PROGRAMS THAT REFLECT THE BEST OF THE ARTS AND OUR HUMANITY.

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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 $1,420,752

Program Service Revenue $404,503

Investment Income $48,956

Other Revenue $794,873

TOTAL REVENUE $2,669,084

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,690,054

Fundraising Expenses $128,189

Program Expenses $3,089,076

Other Expenses $1,923,216

TOTAL EXPENSES $3,613,270

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,669,084	$2,775,528	0.0%
Expenses	$3,613,270	$3,264,417	+0.1%
Net Income	$-944,186	$-488,889	+0.9%

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

$163,415

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL LEWIS	BOARD MEMBER	1.00	Director	$0	$0	$0
DONNA RATTLEY WASHINGTON	CHAIR	1.00	Officer Director	$0	$0	$0
PHILIP HOLMES	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DEIRDRE VOLLMER	SECRETARY	1.00	Officer Director	$0	$0	$0
ERIC JAFFE	TREASURER	1.00	Officer Director	$0	$0	$0
BRANDON MYERS	BOARD MEMBER	1.00	Director	$0	$0	$0
JANE LANG	FOUNDER & CHAIR EMERITUS	1.00	Officer Director	$0	$0	$0
STEVE BROSE	BOARD MEMBER	1.00	Director	$0	$0	$0
MONIQUE WATSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MAREK SKOVAJSA	BOARD MEMBER	1.00	Director	$0	$0	$0
WBRIAN EDGE	BOARD MEMBER	1.00	Director	$0	$0	$0
PHYLLIS D THOMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
SKYE PERRYMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA COATES	BOARD MEMBER	1.00	Director	$0	$0	$0
ORLANDO BROOKS	BOARD MEMBER	1.00	Director	$0	$0	$0
ERVA COCKFIELD	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUGLAS YEUELL	EXECUTIVE DIRECTOR UNTIL AUG 24	40.00	Officer	$155,936	$7,479	$163,415

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	$2,669,084	$3,613,270	$14,836,167	$-944,186
2023	$2,775,528	$3,264,417	$16,011,876	$-488,889
2022	$2,658,202	$2,655,170	$16,779,324	$3,032
2021	$2,355,130	$1,986,547	$17,353,205	$368,583
2020	$3,005,561	$2,757,440	$16,976,192	$248,121
2019	$3,478,065	$3,037,223	$16,982,183	$440,842
2018	$4,150,605	$3,294,188	$16,831,826	$856,417

ATLAS PERFORMING ARTS CENTER