BROWARD PERFORMING ARTS FOUNDATION INC (EIN 592657043) - 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

1985

Legal Domicile

Principal Officer

LISA KITEI

Phone

9544683298

Tax Period

2024-10-01 to 2025-09-30

BROWARD PERFORMING ARTS FOUNDATION INC, founded in 1985, is a mid-sized nonprofit that reported $10.1M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $8.9M left a modest 12% surplus.

Mission

THE BROWARD PERFORMING ARTS FOUNDATION SUPPORTED A WIDE VARIETY OF HIGH-QUALITY ARTISTIC AND CULTURAL PROGRAMMING, INCLUDING CONCERTS, THEATER, DANCE, COMEDY AND MORE, AT THE BROWARD CENTER FOR THE PERFORMING ARTS AND THE PARKER. MORE THAN JUST PERFORMANCES, THE FOUNDATION HAD A FAR-REACHING IMPACT ON THE COMMUNITY THROUGH ITS SUPPORT OF THE CENTER'S EDUCATIONAL PROGRAMS THAT SERVED MORE THAN 100,000 STUDENTS AND OUTREACH ACTIVITIES THAT AIMED TO MAKE THE ARTS MORE ACCESSIBLE FOR SOUTH FLORIDA'S DIVERSE AUDIENCES.

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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 $9,423,964

Program Service Revenue $0

Investment Income $675,286

Other Revenue $0

TOTAL REVENUE $10,099,250

Expense Breakdown

Grants Paid $6,566,833

Salaries & Benefits $1,319,968

Fundraising Expenses $1,323,519

Program Expenses $7,246,313

Other Expenses $996,320

TOTAL EXPENSES $8,883,121

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,099,250	$11,943,994	-0.2%
Expenses	$8,883,121	$8,380,667	+0.1%
Net Income	$1,216,129	$3,563,327	-0.7%

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

600

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

$388,987

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE S LEMIEUX	CHAIR	1.00	Officer Director	$0	$0	$0
DEV MOTWANI	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ALICE LUCIA JACKSON	SECRETARY	1.00	Officer Director	$0	$0	$0
ANN BURRIS	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT B LOCHRIE III	IMMEDIATE PA	1.00	Officer Director	$0	$0	$0
JOHN E ABDO	DIRECTOR	1.00	Director	$0	$0	$0
BEVERLY RAPHAEL ALTMAN	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE AOUN	DIRECTOR	1.00	Director	$0	$0	$0
BONNIE BARNETT	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD BERKOWITZ	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT ESPOSITO	DIRECTOR	1.00	Director	$0	$0	$0
RHANA GHOSH	DIRECTOR	1.00	Director	$0	$0	$0
NUGENE HARVEY	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW HELLER	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN HUSEMAN	DIRECTOR	1.00	Director	$0	$0	$0
CAROL KALAGHER	DIRECTOR	1.00	Director	$0	$0	$0
JAMES LABATE	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES B LADD	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL LANDRY	DIRECTOR	1.00	Director	$0	$0	$0
RAY LEIGHTMAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL LEPERA	DIRECTOR	1.00	Director	$0	$0	$0
JARETT LEVAN	DIRECTOR	1.00	Director	$0	$0	$0
DOMINICK MINIACI	DIRECTOR	1.00	Director	$0	$0	$0
PEGGY OLIN	DIRECTOR	1.00	Director	$0	$0	$0
JULIE PABST	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES L PALMER	DIRECTOR	1.00	Director	$0	$0	$0
JODI PECK	DIRECTOR	1.00	Director	$0	$0	$0
RAMON RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
ANNE SCHERER	DIRECTOR	1.00	Director	$0	$0	$0
BARRY E SOMERSTEIN ESQ	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE HOWLAND SUSSMAN	DIRECTOR	1.00	Director	$0	$0	$0
J KENNETH TATE	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE TOOTHAKER	DIRECTOR	1.00	Director	$0	$0	$0
ERIC VAINDER	DIRECTOR	1.00	Director	$0	$0	$0
JOYCE WORTHINGTON VIRGA	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS VON ALLMEN	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE WELCH	DIRECTOR	1.00	Director	$0	$0	$0
GARY WENDT	DIRECTOR	1.00	Director	$0	$0	$0
JAKE WURZAK	DIRECTOR	1.00	Director	$0	$0	$0
KURT ZIMMERMAN	DIRECTOR	1.00	Director	$0	$0	$0
LISA KITEI	PRESIDENT	40.00	Officer	$366,944	$22,043	$388,987
PETER W NEIROUZ	DIR. OF DEV	40.00	Highest	$183,249	$23,215	$206,464
JUDITH CARNEY	DIR. OF DEVE	40.00	Highest	$131,615	$18,845	$150,460
CHRISTI L RICE	DIR. OF GRAN	40.00	Highest	$102,066	$17,897	$119,963

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	$10,099,250	$8,883,121	$32,090,106	$1,216,129
2024	$11,943,994	$8,380,667	$30,477,303	$3,563,327
2023	$8,345,158	$6,083,366	$24,656,140	$2,261,792
2022	$6,295,369	$5,290,922	$22,267,625	$1,004,447
2021	$7,581,704	$6,494,387	$26,498,750	$1,087,317
2020	$11,523,677	$10,704,170	$26,707,563	$819,507
2019	$15,036,248	$14,309,085	$30,496,176	$727,163
2018	$15,349,841	$13,671,134	$25,262,115	$1,678,707

BROWARD PERFORMING ARTS FOUNDATION INC