Performing Arts Center Inc (EIN 562155282) - 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

1999

Legal Domicile

Phone

8285269047

Tax Period

2024-01-01 to 2024-12-31

Performing Arts Center Inc, founded in 1999, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2024. Expenses of $1.4M left a modest 4% surplus.

Mission

To provide high quality venues and performing arts for the Highlands - Cashiers community.

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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 $1,003,258

Program Service Revenue $383,804

Investment Income $33,766

Other Revenue $65,125

TOTAL REVENUE $1,485,953

Expense Breakdown

Grants Paid $0

Salaries & Benefits $371,122

Fundraising Expenses $44,363

Program Expenses $1,053,153

Other Expenses $1,062,597

TOTAL EXPENSES $1,433,719

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,485,953	$1,444,616	+0.0%
Expenses	$1,433,719	$1,148,276	+0.2%
Net Income	$52,234	$296,340	-0.8%

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

100

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

$141,017

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Debi Bock	Secretary	4.0	Officer Director	$0	$0	$0
Dennis J Leftwich	Treasurer	4.0	Officer Director	$0	$0	$0
John Eastman	Vice President	4.0	Officer Director	$0	$0	$0
Steve Harris	President	4.0	Officer Director	$0	$0	$0
Alison Knapp	Board Member	2.0	Director	$0	$0	$0
Darren Whatley	Board Member	2.0	Director	$0	$0	$0
James Kimmel	Board Member	2.0	Director	$0	$0	$0
Jeanne Dowdle	Board Member	2.0	Director	$0	$0	$0
John Lee	Board Member	2.0	Director	$0	$0	$0
Katherine Lee	Board Member	2.0	Director	$0	$0	$0
Kathryn Hendrickson	Board Member	2.0	Director	$0	$0	$0
Rick Goodstein	Board Member	2.0	Director	$0	$0	$0
Jeanne Marie Piazza	Executive Director	40.0	Officer	$43,211	$0	$43,211
Mary Trumbly	Executive Director (Outgoing)	40.0	Officer	$93,000	$4,806	$97,806

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	$1,485,953	$1,433,719	$16,973,814	$52,234
2023	$1,444,616	$1,148,276	$17,833,382	$296,340
2022	$1,199,979	$569,061	$18,043,816	$630,918
2021	$3,177,226	$437,954	$15,838,046	$2,739,272
2020	$1,712,604	$896,325	$13,027,829	$816,279
2019	$1,301,313	$371,494	$9,371,755	$929,819

Performing Arts Center Inc