THE PALM BEACH SHAKESPEARE FESTIVA… - Form 990 Financial Data

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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

1990

Legal Domicile

Principal Officer

KERMIT CHRISTMAN

Phone

5615757336

Tax Period

2023-01-01 to 2023-12-31

THE PALM BEACH SHAKESPEARE FESTIVAL INC, founded in 1990, is a small nonprofit in the Arts, Culture & Humanities sector that reported $107K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $91K left a modest 15% surplus.

Mission

TO ENHANCE EDUCATION AND CULTURAL QUALITY FOR RESIDENTS AND VISITORS OF ALL AGES IN PALM BEACH COUNTY THROUGH THE PRODUCTION OF CLASSIC PLAYS, NEW WORKS,AND FAMILY-FRIENDLY ART FESTIVAL EVENTS. PROGRAMS ARE MADE ACCESSIBLE TO EVERYONE THROUGH FREE AND LOW-PRICED ADMISSIONS.

Program Service Accomplishments

Program 1

Expenses: $91,142 Revenue: $106,677

PALM BEACH SHAKESPEARE FESTIVALSEABREEZE AMPITHEATER/CARLIN PARKEXPENSES INCLUDE:PRODUCTION FEES FOR ACTORS, DIRECTORS, DESIGNERS, TECHNICIANS, STAGE HANDS, MUSICIANS. PRODUCTION EXPENSES FOR SET...

PALM BEACH SHAKESPEARE FESTIVALSEABREEZE AMPITHEATER/CARLIN PARKEXPENSES INCLUDE:PRODUCTION FEES FOR ACTORS, DIRECTORS, DESIGNERS, TECHNICIANS, STAGE HANDS, MUSICIANS. PRODUCTION EXPENSES FOR SET, COSTUMES, PROPS, LIGHTING, SOUND, FRONT OF HOUSE, AND SUPPLIES. NET INCOME HELPS UNDERWRITE MANAGEMENT AND PROGRAM OPERATING EXPENSES

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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 (2023)

Revenue Breakdown

Contributions & Grants $106,677

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $106,677

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $91,142

Other Expenses $90,142

TOTAL EXPENSES $91,142

Year-over-Year Comparison

	2023	2022	Change
Revenue	$106,677	$119,410	-0.1%
Expenses	$91,142	$115,884	-0.2%
Net Income	$15,535	$3,526	+3.4%

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

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
KEITH CHRISTMAN	DIRECTOR	0.20	Director	$0	$0	$0
KERMIT CHRISTMAN	PRESIDENT	20.00	Officer	$0	$0	$0
DANIEL GORDON	VICE PRESIDENT	0.20	Officer	$0	$0	$0
ELIZABETH DASHIELL	DIRECTOR	1.00	Officer	$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	$106,677	$91,142	$38,618	$15,535
2022	$119,410	$115,884	$23,083	$3,526
2021	$72,983	$64,545	$19,557	$8,438
2020	$18,729	$32,515	$11,119	$-13,786
2019	$53,866	$54,082	$24,905	$-216
2018	$82,380	$67,558	$25,121	$14,822

THE PALM BEACH SHAKESPEARE FESTIVAL INC