FRIENDS OF THE BANDSHELL INC (EIN 593431340) - 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

1996

Legal Domicile

Principal Officer

DINO PASPALAKIS

Phone

3863342102

Tax Period

2024-11-01 to 2025-10-31

FRIENDS OF THE BANDSHELL INC, founded in 1996, is a small nonprofit in the Arts, Culture & Humanities sector that reported $365K in total revenue in fiscal year 2024. Expenses of $329K left a modest 10% surplus.

Mission

PROMOTE REHABILITATION OF THE LANDMARK BANDSHELL WHILE PROVIDING CONCERTS FOR RESIDENTS AND VISITORS AT A HISTORIC LOCATION.

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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 $0

Program Service Revenue $364,913

Investment Income $0

Other Revenue $0

TOTAL REVENUE $364,913

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $326,943

Other Expenses $328,968

TOTAL EXPENSES $328,968

Year-over-Year Comparison

	2024	2023	Change
Revenue	$364,913	$363,986	+0.0%
Expenses	$328,968	$369,270	-0.1%
Net Income	$35,945	$-5,284	-7.8%

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

N/A

Employees

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THERESA DELIN	SECERETARY	N/A	Officer Director	$0	$0	$0
BOB DERECK	DIRECTOR	N/A	Director	$0	$0	$0
DINO PASPALAKIS	CHAIRMAN	N/A	Officer Director	$0	$0	$0
ANNE PLOCK	TREASURER	N/A	Officer Director	$0	$0	$0
KAREN SILAS	DIRECTOR	N/A	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
2025	$364,913	$328,968	$60,355	$35,945
2024	$363,986	$369,270	$24,410	$-5,284
2023	$302,322	$274,137	$29,694	$28,185
2022	$260,962	$276,356	$17,509	$-15,394
2021	$278,128	$250,675	$35,403	$27,453
2018	$263,547	$267,977	$11,659	$-4,430

FRIENDS OF THE BANDSHELL INC