PARAMOUNT ARTS CENTER INC (EIN 611181883) - 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

1989

Legal Domicile

Principal Officer

MICHAEL HOBBS

Phone

6063242175

Tax Period

2022-07-01 to 2023-06-30

PARAMOUNT ARTS CENTER INC, founded in 1989, is a community nonprofit in the Unknown sector that reported $3.5M in total revenue in fiscal year 2022. Revenue decreased 14% compared to the prior year. Expenses of $4.1M exceeded revenue, resulting in a 17% operating deficit.

Mission

THE PARAMOUNT ARTS CENTER, INC. MAINTAINS AND OPERATIONS A PERFORMING ARTS THEATER TO PROVIDE FOR, PROMOTE AND ENCOURAGE APPRECIATION, PARTICIPATION AND EDUCATION IN THE FINE ARTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $988,895

Program Service Revenue $2,292,714

Investment Income $31,279

Other Revenue $194,888

TOTAL REVENUE $3,507,776

Expense Breakdown

Grants Paid $0

Salaries & Benefits $596,981

Fundraising Expenses $66,351

Program Expenses $3,015,380

Other Expenses $3,499,452

TOTAL EXPENSES $4,096,433

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,507,776	$4,086,756	-0.1%
Expenses	$4,096,433	$4,074,276	+0.0%
Net Income	$-588,657	$12,480	-48.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL BOYKIN	DIRECTOR	N/A	Director	$0	$0	$0
LEON BRIGGS	DIRECTOR	N/A	Director	$0	$0	$0
CHUCK CHARLES	DIRECTOR	N/A	Director	$0	$0	$0
BRANDY CLARK	DIRECTOR	N/A	Director	$0	$0	$0
ROGER HALL	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL HOBBS	TREASURER	N/A	Director	$0	$0	$0
LLOYD HUDSON	DIRECTOR	N/A	Director	$0	$0	$0
SYDNEY KEETON	DIRECTOR	N/A	Director	$0	$0	$0
JAMES KING	DIRECTOR	N/A	Director	$0	$0	$0
MARY KAY MCGINNIS-RUARK	DIRECTOR	N/A	Director	$0	$0	$0
ALICE MARTIN	DIRECTOR	N/A	Director	$0	$0	$0
LANCE MCCOMIS	DIRECTOR	N/A	Director	$0	$0	$0
JUSTIN PRUITT	DIRECTOR	N/A	Director	$0	$0	$0
BROOKE SEASOR	DIRECTOR	N/A	Director	$0	$0	$0
CYNTHIA WISEMAN	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$3,507,776	$4,096,433	$5,861,368	$-588,657
2023	$3,220,738	$3,821,065	$5,902,007	$-600,327
2022	$4,086,756	$4,074,276	$6,341,407	$12,480
2021	$855,969	$1,433,826	$6,501,760	$-577,857
2020	$1,565,685	$1,946,723	$6,503,217	$-381,038
2019	$1,534,243	$1,698,375	$6,733,756	$-164,132
2018	$1,629,565	$1,722,189	$7,038,152	$-92,624

PARAMOUNT ARTS CENTER INC