Palm Springs Cultural Center (EIN 550914693) - 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

2006

Legal Domicile

Principal Officer

Michael Green

Phone

7603252582

Tax Period

2024-01-01 to 2024-12-31

Palm Springs Cultural Center, founded in 2006, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2024.

Mission

To encourage the development of the cultural arts in the Coachella Valley with a specific focus in the areas of film, fine art, live performance, dance, music, and community festivals.

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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 $670,405

Program Service Revenue $983,381

Investment Income $3,033

Other Revenue $231,280

TOTAL REVENUE $1,888,099

Expense Breakdown

Grants Paid $0

Salaries & Benefits $581,029

Fundraising Expenses $53,819

Program Expenses $1,561,995

Other Expenses $1,470,565

TOTAL EXPENSES $2,051,594

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,888,099	$1,885,859	+0.0%
Expenses	$2,051,594	$2,164,515	-0.1%
Net Income	$-163,495	$-278,656	-0.4%

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

120

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

$56,444

Total Directors

$56,444

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Green	President & CEO	50.00	Officer Director	$56,444	$0	$56,444
Debbie Supple Miller	Director	3.00	Director	$0	$0	$0
Ann Sheffer	Secretary	3.00	Officer Director	$0	$0	$0
Charles Metz	Director	3.00	Director	$0	$0	$0
Beth Fromm	Director	3.00	Director	$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
2024	$1,888,099	$2,051,594	$4,514,819	$-163,495
2023	$1,885,859	$2,164,515	$4,689,002	$-278,656
2022	$1,457,650	$1,957,938	$4,834,688	$-500,288
2021	$1,730,885	$1,335,206	$5,378,243	$395,679
2020	$973,129	$1,107,113	$5,074,618	$-133,984
2019	$1,537,916	$1,758,408	$5,161,474	$-220,492
2018	$1,744,510	$1,975,952	$5,357,239	$-231,442

Palm Springs Cultural Center